Registration number: 08448049

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