Registered number
04540923
Florist2Florist.com Limited
Filleted Accounts
30 September 2023
Florist2Florist.com Limited
Registered number: 04540923
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 120,672 129,346
Current assets
Debtors 4 48,022 2,186
Cash at bank and in hand 1,134,545 1,196,658
1,182,567 1,198,844
Creditors: amounts falling due within one year 5 (135,481) (224,624)
Net current assets 1,047,086 974,220
Total assets less current liabilities 1,167,758 1,103,566
Creditors: amounts falling due after more than one year 6 (63,812) (94,796)
Net assets 1,103,946 1,008,770
Capital and reserves
Called up share capital 10,002 10,002
Revaluation reserve 7 66,092 66,092
Profit and loss account 1,027,852 932,676
Shareholders' funds 1,103,946 1,008,770
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Sterling
Director
Approved by the board on 21 February 2024
Florist2Florist.com Limited
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 25 years
Fixtures, fittings, tools and equipment 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Land and buildings Fixtures & fittings Total
£ £ £
Cost
At 1 October 2022 190,000 21,207 211,207
At 30 September 2023 190,000 21,207 211,207
Depreciation
At 1 October 2022 66,027 15,834 81,861
Charge for the year 7,600 1,074 8,674
At 30 September 2023 73,627 16,908 90,535
Net book value
At 30 September 2023 116,373 4,299 120,672
At 30 September 2022 123,973 5,373 129,346
4 Debtors 2023 2022
£ £
Trade debtors 35,541 -
Other debtors 12,481 2,186
48,022 2,186
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 39,859 26,206
Taxation and social security costs 78,297 106,847
Other creditors 17,325 91,571
135,481 224,624
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 63,812 94,796
7 Revaluation reserve 2023 2022
£ £
At 1 October 2022 66,092 66,092
At 30 September 2023 66,092 66,092
8 Other information
Florist2Florist.com Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Ormrod Street
Farnworth
Bolton
Lancashire
BL4 7DW
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