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REGISTERED NUMBER: 07951772 (England and Wales)















Financial Statements for the Year Ended 28 February 2023

for

Flint Owl Limited

Flint Owl Limited (Registered number: 07951772)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Flint Owl Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: D M Bland





REGISTERED OFFICE: Unit 1
The Old Dairy
Glynde
East Sussex
BN8 6SJ





REGISTERED NUMBER: 07951772 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

Flint Owl Limited (Registered number: 07951772)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 211,767 243,319

CURRENT ASSETS
Stocks 44,690 12,520
Debtors 5 116,793 117,404
Cash at bank and in hand 304,222 339,362
465,705 469,286
CREDITORS
Amounts falling due within one year 6 179,339 188,476
NET CURRENT ASSETS 286,366 280,810
TOTAL ASSETS LESS CURRENT
LIABILITIES

498,133

524,129

CREDITORS
Amounts falling due after more than one
year

7

(22,445

)

(32,046

)

PROVISIONS FOR LIABILITIES (40,236 ) (46,167 )
NET ASSETS 435,452 445,916

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 435,352 445,816
SHAREHOLDERS' FUNDS 435,452 445,916

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Flint Owl Limited (Registered number: 07951772)

Balance Sheet - continued
28 February 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 director and authorised for issue on 15 November 2023 and were signed by:





D M Bland - Director


Flint Owl Limited (Registered number: 07951772)

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

1. STATUTORY INFORMATION

Flint Owl 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on reducing balance
Website development - 20% on reducing balance
Fixtures, fittings & equipment - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 54 (2022 - 38 ) .

Flint Owl Limited (Registered number: 07951772)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures,
Short Website fittings
leasehold development & equipment
£    £    £   
COST
At 1 March 2022 179,321 16,845 195,443
Additions 683 4,167 15,968
At 28 February 2023 180,004 21,012 211,411
DEPRECIATION
At 1 March 2022 74,697 7,131 109,553
Charge for year 21,062 2,776 20,371
At 28 February 2023 95,759 9,907 129,924
NET BOOK VALUE
At 28 February 2023 84,245 11,105 81,487
At 28 February 2022 104,624 9,714 85,890

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2022 103,835 16,774 512,218
Additions - 572 21,390
At 28 February 2023 103,835 17,346 533,608
DEPRECIATION
At 1 March 2022 70,734 6,784 268,899
Charge for year 6,620 2,113 52,942
At 28 February 2023 77,354 8,897 321,841
NET BOOK VALUE
At 28 February 2023 26,481 8,449 211,767
At 28 February 2022 33,101 9,990 243,319

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 40,720 50,107
Other debtors 76,073 67,297
116,793 117,404

Flint Owl Limited (Registered number: 07951772)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 10,600 13,925
Trade creditors 86,646 122,801
Taxation and social security 47,195 27,974
Other creditors 34,898 23,776
179,339 188,476

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 22,445 32,046

8. RELATED PARTY DISCLOSURES

No other transactions with related parties were undertaken such as are required to be disclosed under Section 1A Small Entities of Financial Reporting Standard 102.