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REGISTERED NUMBER: 10441605 (England and Wales)















FLAWSOME BRANDS LTD

FINANCIAL STATEMENTS

FOR THE PERIOD

1ST NOVEMBER 2022 TO 31ST DECEMBER 2023






FLAWSOME BRANDS LTD (REGISTERED NUMBER: 10441605)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST NOVEMBER 2022 TO 31ST DECEMBER 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


FLAWSOME BRANDS LTD

COMPANY INFORMATION
FOR THE PERIOD 1ST NOVEMBER 2022 TO 31ST DECEMBER 2023







DIRECTORS: M Kacprzyk
K Sudenyte
S Giolito
S Drury
R J Briggs





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 10441605 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
FLAWSOME BRANDS LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Flawsome Brands Ltd for the period ended 31st December 2023 which comprise the Profit and Loss, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Flawsome Brands Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Flawsome Brands Ltd and state those matters that we have agreed to state to the Board of Directors of Flawsome Brands Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Flawsome Brands Ltd 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 profit of Flawsome Brands Ltd. You consider that Flawsome Brands Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Flawsome Brands Ltd. 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.






Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU


6th March 2024

FLAWSOME BRANDS LTD (REGISTERED NUMBER: 10441605)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,961 5,691
Investments 5 998 -
10,959 5,691

CURRENT ASSETS
Stocks 204,581 138,405
Debtors 6 207,124 228,741
Cash at bank 316,429 100,584
728,134 467,730
CREDITORS
Amounts falling due within one year 7 148,651 143,808
NET CURRENT ASSETS 579,483 323,922
TOTAL ASSETS LESS CURRENT
LIABILITIES

590,442

329,613

CREDITORS
Amounts falling due after more than one
year

8

15,043

26,667
NET ASSETS 575,399 302,946

CAPITAL AND RESERVES
Called up share capital 9 166 160
Share premium 928,211 726,416
Retained earnings (352,978 ) (423,630 )
SHAREHOLDERS' FUNDS 575,399 302,946

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 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.

FLAWSOME BRANDS LTD (REGISTERED NUMBER: 10441605)

BALANCE SHEET - continued
31ST DECEMBER 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th March 2024 and were signed on its behalf by:





M Kacprzyk - Director


FLAWSOME BRANDS LTD (REGISTERED NUMBER: 10441605)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST NOVEMBER 2022 TO 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Flawsome Brands Ltd 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.
Plant and machinery - 20% on reducing balance
Tooling - 50% on cost
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 period comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.


FLAWSOME BRANDS LTD (REGISTERED NUMBER: 10441605)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST NOVEMBER 2022 TO 31ST DECEMBER 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 period 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.

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 period was 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery Tooling equipment Totals
£    £    £    £   
COST
At 1st November 2022 2,937 - 5,486 8,423
Additions - 4,852 3,129 7,981
At 31st December 2023 2,937 4,852 8,615 16,404
DEPRECIATION
At 1st November 2022 663 - 2,069 2,732
Charge for period 530 1,856 1,325 3,711
At 31st December 2023 1,193 1,856 3,394 6,443
NET BOOK VALUE
At 31st December 2023 1,744 2,996 5,221 9,961
At 31st October 2022 2,274 - 3,417 5,691

FLAWSOME BRANDS LTD (REGISTERED NUMBER: 10441605)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST NOVEMBER 2022 TO 31ST DECEMBER 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
Additions 998
At 31st December 2023 998
NET BOOK VALUE
At 31st December 2023 998

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 140,233 153,749
Other debtors - 3,443
Prepayments and accrued income 66,891 71,549
207,124 228,741

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 90,796 71,304
Amounts owed to group undertakings 998 -
Social security and other taxes 10,445 1,546
VAT 19,030 30,647
Other creditors 9,024 13,654
Directors' current accounts - 8,873
Accruals and deferred income 8,358 7,784
148,651 143,808

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 15,043 26,667

FLAWSOME BRANDS LTD (REGISTERED NUMBER: 10441605)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST NOVEMBER 2022 TO 31ST DECEMBER 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
12,000 Ordinary 1p 120 120

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
4,564 B Ordinary 1p 46 40

The following shares were issued during the period:

583 B Ordinary shares of 1p for cash of £ 201,801

10. RELATED PARTY DISCLOSURES

The company had an outstanding directors loan creditor at the year end due to M Kacprzyk of £nil (2022 - £8.873).