Surf AccountsProduction v1.0.0 v1.0.0 2022-01-01 The company was not dormant during the period The company was trading for the entire period The principal activity of the company is the provision of a home delivery service of flowers and plants in the United Kingdom. 17 October 2023 0 0 05199391 2022-12-31 05199391 2021-12-31 05199391 2020-12-31 05199391 2022-01-01 2022-12-31 05199391 2021-01-01 2021-12-31 05199391 uk-bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 05199391 uk-curr:PoundSterling 2022-01-01 2022-12-31 05199391 uk-bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 05199391 uk-bus:FullAccounts 2022-01-01 2022-12-31 05199391 uk-core:ShareCapital 2022-12-31 05199391 uk-core:ShareCapital 2021-12-31 05199391 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 05199391 uk-core:RetainedEarningsAccumulatedLosses 2021-12-31 05199391 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-12-31 05199391 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2021-12-31 05199391 uk-bus:FRS102 2022-01-01 2022-12-31 05199391 uk-core:FurnitureFittingsToolsEquipment 2022-01-01 2022-12-31 05199391 uk-bus:Audited 2022-01-01 2022-12-31 05199391 uk-core:CurrentFinancialInstruments 2022-12-31 05199391 uk-core:CurrentFinancialInstruments 2021-12-31 05199391 uk-core:CurrentFinancialInstruments 2022-12-31 05199391 uk-core:CurrentFinancialInstruments 2021-12-31 05199391 uk-core:WithinOneYear 2022-12-31 05199391 uk-core:WithinOneYear 2021-12-31 05199391 uk-core:ParentEntities 2022-01-01 2022-12-31 05199391 uk-core:UltimateParent 2022-01-01 2022-12-31 05199391 2022-01-01 2022-12-31 05199391 uk-bus:Director2 2022-01-01 2022-12-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
Company Registration Number: 05199391
 
 
e-Flora Ltd
 
Financial Statements
 
for the financial year ended 31 December 2022
e-Flora Ltd
Company Registration Number: 05199391
BALANCE SHEET
as at 31 December 2022

2022 2021
Notes £ £
 
Fixed Assets
Tangible assets 5 12,348 16,347
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Current Assets
Debtors 6 1,673,952 2,033,886
Cash and cash equivalents 50,911 41,919
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1,724,863 2,075,805
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Creditors: amounts falling due within one year 7 (1,542,057) (1,870,600)
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Net Current Assets 182,806 205,205
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Total Assets less Current Liabilities 195,154 221,552
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Capital and Reserves
Called up share capital 1,000 1,000
Retained earnings 194,154 220,552
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Shareholders' Funds 195,154 221,552
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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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
Approved by the Board and authorised for issue on 22 September 2023 and signed on its behalf by
           
           
           
________________________________          
J Gietelink          
Director          
           



e-Flora Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 December 2022

   
1. General Information
 
e-Flora Ltd is a company limited by shares incorporated in the United Kingdom. Washway Road, Holbeach, Spalding, Lincolnshire, PE12 8LT, England is the registered office, which is also the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 December 2022 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover is measured at the fair value of the consideration received or receivable net of trade discounts and value added tax. Turnover from the sale of flowers and plants is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on the dispatch of goods.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 20% Straight line
 
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
   
3. INFORMATION RELATING TO THE AUDITOR'S REPORT
 
The Audit Report was unqualified. There were no matters to which the auditor was required to refer by way of emphasis.
 
The financial statements were audited by Moore Thompson.
The Auditor's Report was signed by Hannah Butcher (Senior Statutory Auditor) for and on behalf of Moore Thompson on 17th October 2023.
 
       
4. Employees
 
The average monthly number of employees, including directors, during the financial year was 3 (2021 - 2)
     
5. Tangible assets
  Fixtures,
  fittings and
  equipment
  £
Cost
At 1 January 2022 19,995
  ─────────
 
At 31 December 2022 19,995
  ─────────
Depreciation
At 1 January 2022 3,648
Charge for the financial year 3,999
  ─────────
At 31 December 2022 7,647
  ─────────
Net book value
At 31 December 2022 12,348
  ═════════
At 31 December 2021 16,347
  ═════════
       
6. Debtors 2022 2021
  £ £
 
Trade debtors 1,584,974 1,590,802
Amounts owed by group undertakings 13,526 366,409
Deferred tax asset 332 63
Taxation  (Note 8) 22,972 -
Prepayments and accrued income 52,148 76,612
  ───────── ─────────
  1,673,952 2,033,886
  ═════════ ═════════
 
The amounts provided for the deferred tax asset are as in respect of capital allowances.
       
7. Creditors 2022 2021
Amounts falling due within one year £ £
 
Trade creditors 92,181 132,206
Amounts owed to group undertakings 1,334,456 1,598,337
Taxation  (Note 8) 52,098 64,685
Accruals and deferred income 63,322 75,372
  ───────── ─────────
  1,542,057 1,870,600
  ═════════ ═════════
       
8. Taxation 2022 2021
  £ £
 
Debtors:
Corporation tax 22,972 -
  ═════════ ═════════
Creditors:
VAT 52,077 57,855
Corporation tax - 6,809
PAYE / NI 21 21
  ───────── ─────────
  52,098 64,685
  ═════════ ═════════
           
9. Related party transactions
The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.
   
10. Parent and ultimate parent company
 
e-Flora Ltd is owned 100% by Floremotion B.V. a company registered in Holland.
 
Floremotion B.V. is ultimately owned by Dutch Flower Group B.V., a company registered in Holland, number 34109352. The group accounts are available from the Dutch Chamber of Commerce, Kamer van Koophandel (www.kvk.nl).