Caseware UK (AP4) 2022.0.179 2022.0.179 2022-09-302022-09-302021-10-015falseNo description of principal activity4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08521367 2021-10-01 2022-09-30 08521367 2020-10-01 2021-09-30 08521367 2022-09-30 08521367 2021-09-30 08521367 c:Director3 2021-10-01 2022-09-30 08521367 d:ComputerEquipment 2021-10-01 2022-09-30 08521367 d:ComputerEquipment 2022-09-30 08521367 d:ComputerEquipment 2021-09-30 08521367 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-10-01 2022-09-30 08521367 d:CurrentFinancialInstruments 2022-09-30 08521367 d:CurrentFinancialInstruments 2021-09-30 08521367 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 08521367 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 08521367 d:ShareCapital 2022-09-30 08521367 d:ShareCapital 2021-09-30 08521367 d:RetainedEarningsAccumulatedLosses 2021-10-01 2022-09-30 08521367 d:RetainedEarningsAccumulatedLosses 2022-09-30 08521367 d:RetainedEarningsAccumulatedLosses 2021-09-30 08521367 c:OrdinaryShareClass1 2021-10-01 2022-09-30 08521367 c:OrdinaryShareClass1 2022-09-30 08521367 c:OrdinaryShareClass1 2021-09-30 08521367 c:FRS102 2021-10-01 2022-09-30 08521367 c:AuditExemptWithAccountantsReport 2021-10-01 2022-09-30 08521367 c:FullAccounts 2021-10-01 2022-09-30 08521367 c:PrivateLimitedCompanyLtd 2021-10-01 2022-09-30 08521367 2 2021-10-01 2022-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08521367










THE FLOWER HUB LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2022

 
THE FLOWER HUB LIMITED
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Notes to the financial statements
 
 
4 - 9


 
THE FLOWER HUB LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE FLOWER HUB LIMITED
FOR THE YEAR ENDED 30 SEPTEMBER 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Flower Hub Limited for the year ended 30 September 2022 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of The Flower Hub Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of The Flower Hub Limited  and state those matters that we have agreed to state to the Board of directors of The Flower Hub Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Flower Hub Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that The Flower Hub Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Flower Hub Limited. You consider that The Flower Hub Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of The Flower Hub Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



BAGINSKY COHEN
CHARTERED ACCOUNTANTS
930 HIGH ROAD
LONDON
N12 9RT
16 October 2023
Page 1

 
THE FLOWER HUB LIMITED
REGISTERED NUMBER: 08521367

BALANCE SHEET
AS AT 30 SEPTEMBER 2022

2022
2022
2021
2021
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
1,030
5,704

  
1,030
5,704

Current assets
  

Stocks
  
28,036
90,204

Debtors: amounts falling due within one year
 5 
2,810,347
2,235,516

Cash at bank and in hand
 6 
2,569,911
890,349

  
5,408,294
3,216,069

Creditors: amounts falling due within one year
 7 
(5,452,696)
(2,796,791)

Net current (liabilities)/assets
  
 
 
(44,402)
 
 
419,278

Total assets less current liabilities
  
(43,372)
424,982

  

Net (liabilities)/assets
  
(43,372)
424,982


Capital and reserves
  

Called up share capital 
 8 
1,000
4

Profit and loss account
 9 
(44,372)
424,978

  
(43,372)
424,982


Page 2

 
THE FLOWER HUB LIMITED
REGISTERED NUMBER: 08521367

BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 October 2023.




A. SEAGON
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
THE FLOWER HUB LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

1.ACCOUNTING POLICIES

 
1.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
1.2

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
1.3

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
1.4

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.5

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
1.6

PENSIONS

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
THE FLOWER HUB LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

1.ACCOUNTING POLICIES (CONTINUED)

 
1.7

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
1.8

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.9

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
1.10

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.11

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
THE FLOWER HUB LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

1.ACCOUNTING POLICIES (CONTINUED)

 
1.12

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.13

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
1.14

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


2.



JUDGMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company’s accounting policies, which are described in note 1, management is required to make judgments, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 5 (2021 -4).

Page 6

 
THE FLOWER HUB LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

4.


TANGIBLE FIXED ASSETS





Computer equipment

£



Cost or valuation


At 1 October 2021
25,772



At 30 September 2022

25,772



Depreciation


At 1 October 2021
20,068


Charge for the year on owned assets
4,674



At 30 September 2022

24,742



Net book value



At 30 September 2022
1,030



At 30 September 2021
5,704

Page 7

 
THE FLOWER HUB LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

5.


DEBTORS

2022
2021
£
£


Trade debtors
2,780,567
1,820,079

Other debtors
9,230
-

Prepayments and accrued income
20,550
415,437

2,810,347
2,235,516



6.


CASH AND CASH EQUIVALENTS

2022
2021
£
£

Cash at bank and in hand
2,569,911
890,349

2,569,911
890,349



7.


CREDITORS: Amounts falling due within one year

2022
2021
£
£

Bank loans
-
73,731

Trade creditors
2,592,837
1,738,413

Corporation tax
-
71,779

Other taxation and social security
2,461,858
129,449

Other creditors
373,918
777,069

Accruals and deferred income
24,083
6,350

5,452,696
2,796,791



8.


SHARE CAPITAL

2022
2021
£
£
Allotted, called up and fully paid



1,000 (2021 -4) Ordinary shares of £1.00 each
1,000
4




Page 8

 
THE FLOWER HUB LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

9.


RESERVES

Profit and loss account

This includes all current and prior period retained profit and losses. 


10.


PENSION COMMITMENTS

The company operates a defined contribution scheme. The assets of the schme are held seperately from those of the company in an independtly authorised fund. The pension cost charged represents contributions payable by the company to the fund.


Page 9