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Registration number: 08448049

FLAB Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 28 February 2023

FLAB Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 6

FLAB Limited

(Registration number: 08448049)
Balance Sheet as at 28 February 2023

| Note | 2023 £ | 2022 £
Fixed assets |  |  |
Tangible assets | 4 | 9,698 | 12,007
Investments | 5 | 1 | 1
|  | 9,699 | 12,008
Current assets |  |  |
Stocks |  | 127,624 | 122,852
Debtors | 6 | 24,201 | 31,333
Cash at bank and in hand |  | 60,455 | 164,050
|  | 212,280 | 318,235
Creditors: Amounts falling due within one year | 7 | (60,498) | (89,774)
Net current assets |  | 151,782 | 228,461
Total assets less current liabilities |  | 161,481 | 240,469
Provisions for liabilities |  | (1,843) | (2,300)
Net assets |  | 159,638 | 238,169
Capital and reserves |  |  |
Called up share capital |  | 3,231 | 3,231
Profit and loss account |  | 156,407 | 234,938
Total equity |  | 159,638 | 238,169

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

FLAB Limited

(Registration number: 08448049)
Balance Sheet as at 28 February 2023

Approved and authorised by the Board on 3 October 2023 and signed on its behalf by:

......................................... Mrs L Bye Director

FLAB Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2 1st Floor
Ilkley Business Centre
42a Nelson Road
Ilkley
West Yorkshire
LS29 8HN

These financial statements were authorised for issue by the Board on 3 October 2023.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 15% straight line
Furniture and fittings | 15% straight line
Computer equipment | 25% straight line

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2022 - 6).

FLAB Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

4 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Total £
Cost or valuation
At 1 March 2022 | 18,268 | 258 | 7,636 | 26,162
Additions | - | - | 1,482 | 1,482
At 28 February 2023 | 18,268 | 258 | 9,118 | 27,644
Depreciation
At 1 March 2022 | 10,226 | 218 | 3,711 | 14,155
Charge for the year | 2,115 | 31 | 1,645 | 3,791
At 28 February 2023 | 12,341 | 249 | 5,356 | 17,946
Carrying amount
At 28 February 2023 | 5,927 | 9 | 3,762 | 9,698
At 28 February 2022 | 8,042 | 40 | 3,925 | 12,007

FLAB Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

5 | Investments

| 2023 £ | 2022 £
Investments in subsidiaries | 1 | 1

Subsidiaries | £
Cost or valuation
At 1 March 2022 | 1
Provision
Carrying amount
At 28 February 2023 | 1
At 28 February 2022 | 1

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2023 | 2022
Subsidiary undertakings
Fat Lad At The Back Limited | Unit2 1st Floor Ilkley Business Centre 42a Nelson Road Ilkley West Yorkshire LS29 8HN | Ordinary | 100% | 100%

The principal activity of Fat Lad At The Back Limited is Dormant.

6 | Debtors

Current | 2023 £ | 2022 £
Trade debtors | - | 984
Prepayments | 1,728 | 1,754
Other debtors | 22,473 | 28,595
| 24,201 | 31,333

FLAB Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

7 | Creditors

Creditors: amounts falling due within one year

| 2023 £ | 2022 £
Due within one year |  |
Trade creditors | 33,613 | 49,028
Taxation and social security | 2,365 | 33,220
Accruals and deferred income | 7,822 | 5,813
Other creditors | 16,698 | 1,713
| 60,498 | 89,774