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Company Registration No. 14152716 (England and Wales)
Flip Deals LTD Unaudited accounts for the year ended 30 June 2023
Flip Deals LTD Unaudited accounts Contents
Page
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Flip Deals LTD Company Information for the year ended 30 June 2023
Director
Stephen Kojo
Company Number
14152716 (England and Wales)
Registered Office
63 GARTH TWENTYTWO NEWCASTLE UPON TYNE NE12 6JF UNITED KINGDOM
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Flip Deals LTD Accountants' report
Accountants' report to the director of Flip Deals LTD on the preparation of the unaudited statutory accounts for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Flip Deals LTD for the year ended 30 June 2023 as set out on pages 5 - 6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Flip Deals LTD, as a body, in accordance with the terms of our engagement letter dated 29 March 2024. Our work has been undertaken solely to prepare for your approval the accounts of Flip Deals LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Flip Deals LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Flip Deals LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Flip Deals LTD. You consider that Flip Deals LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Flip Deals 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 accounts.
2 April 2024
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Flip Deals LTD Statement of financial position as at 30 June 2023
2023 
Notes
£ 
Current assets
Cash at bank and in hand
2,047 
Creditors: amounts falling due within one year
(3,098)
Net current liabilities
(1,051)
Net liabilities
(1,051)
Capital and reserves
Profit and loss account
(1,051)
Shareholders' funds
(1,051)
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 April 2024 and were signed on its behalf by
Stephen Kojo Director Company Registration No. 14152716
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Flip Deals LTD Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Flip Deals LTD is a private company, limited by shares, registered in England and Wales, registration number 14152716. The registered office is 63 GARTH TWENTYTWO, NEWCASTLE UPON TYNE, NE12 6JF, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Going concern
This company, as a legal entity, will continue in operation for the foreseeable future. There is neither the intention, nor need to cease its trading or liquidate it.
4
Creditors: amounts falling due within one year
2023 
£ 
Loans from directors
3,098 
5
Average number of employees
During the year the average number of employees was 1.
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