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REGISTERED NUMBER: 08752176 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

FLAME AND FRAGRANCE LIMITED

FLAME AND FRAGRANCE LIMITED (REGISTERED NUMBER: 08752176)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLAME AND FRAGRANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Philip Theobold Lewis
David Rowland Lewis





SECRETARY: Christopher Mark Marchant





REGISTERED OFFICE: Units A & B
Patterson Street
Blaydon on Tyne
Northumberland
NE21 5SD





REGISTERED NUMBER: 08752176 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

FLAME AND FRAGRANCE LIMITED (REGISTERED NUMBER: 08752176)

BALANCE SHEET
30 APRIL 2023

30/4/23 30/4/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,017 25,310
Tangible assets 5 33,682 11,367
44,699 36,677

CURRENT ASSETS
Stocks 1,443,215 1,324,338
Debtors 6 568,743 458,030
Cash at bank and in hand 6,728 22,396
2,018,686 1,804,764
CREDITORS
Amounts falling due within one year 7 1,649,600 1,447,163
NET CURRENT ASSETS 369,086 357,601
TOTAL ASSETS LESS CURRENT
LIABILITIES

413,785

394,278

CREDITORS
Amounts falling due after more than one
year

8

50,890

42,157
NET ASSETS 362,895 352,121

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 362,893 352,119
SHAREHOLDERS' FUNDS 362,895 352,121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FLAME AND FRAGRANCE LIMITED (REGISTERED NUMBER: 08752176)

BALANCE SHEET - continued
30 APRIL 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2023 and were signed on its behalf by:





David Rowland Lewis - Director


FLAME AND FRAGRANCE LIMITED (REGISTERED NUMBER: 08752176)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Flame and Fragrance Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Other Intangible Assets has been fully amortised in the current year.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and Fittings- 33% reducing balance
Plant and Machinery- 33% on cost
Motor Vehicles- 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


FLAME AND FRAGRANCE LIMITED (REGISTERED NUMBER: 08752176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors believe that the company has sufficient trade and financial resources to continue in operational existence for the foreseeable future. Thus the going concern basis of accounting in preparing the annual financial statements has been adopted.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 May 2022 89,925 - 89,925
Additions - 2,435 2,435
At 30 April 2023 89,925 2,435 92,360
AMORTISATION
At 1 May 2022 64,615 - 64,615
Charge for year 15,984 744 16,728
At 30 April 2023 80,599 744 81,343
NET BOOK VALUE
At 30 April 2023 9,326 1,691 11,017
At 30 April 2022 25,310 - 25,310

FLAME AND FRAGRANCE LIMITED (REGISTERED NUMBER: 08752176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 202,326
Additions 33,310
Disposals (15,020 )
At 30 April 2023 220,616
DEPRECIATION
At 1 May 2022 190,959
Charge for year 9,118
Eliminated on disposal (13,143 )
At 30 April 2023 186,934
NET BOOK VALUE
At 30 April 2023 33,682
At 30 April 2022 11,367

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Trade debtors 161,284 134,925
Amounts owed by group undertakings 115,229 40,067
Other debtors 292,230 283,038
568,743 458,030

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Bank loans and overdrafts 13,130 5,882
Trade creditors 218,693 187,248
Amounts owed to group undertakings 1,313,239 1,199,996
Taxation and social security 10,214 17,693
Other creditors 94,324 36,344
1,649,600 1,447,163

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/23 30/4/22
£    £   
Bank loans 50,890 42,157

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 yrs by instalments 12,746 18,628

FLAME AND FRAGRANCE LIMITED (REGISTERED NUMBER: 08752176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

9. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of Blaydon Holdings Limited. Included within other debtors is an amount due from Blaydon Holdings Limited of £115,229 (2022: £40,067).During the year a dividend of £23,000 was paid to Blaydon Holdings Limited (2022: £24,000).

Blaydon UK Limited is also a wholly owned subsidiary of Blaydon Holdings Limited. During the year various monies have been loaned between both companies and included within other creditors as at 30th April 2023 is an amount due to Blaydon UK Limited of £802,084 (2022: £717,096) .Also included in prepayments is an amount for recharges owing from Blaydon UK Limited of £Nil (2022: £50,000).

Eighteen Ten Limited is also a wholly owned subsidiary of Blaydon Holdings Limited. During the year various monies have been loaned between both companies and included within other creditors as at 30th April 2023 is an amount due to Eighteen Ten Limited of £511,155 (2022: £482,900).Also included in prepayments is an amount for recharges owing from Blaydon UK Limited of £162,155 (2022: £159,699).

10. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Blaydon Holdings Limited, which is ultimately controlled by the Directors, David and Philip Lewis.