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Registration number: 11762393

Highland Flower Rentals Ltd

trading as Floral Image West Scotland

Annual Report and Unaudited Financial Statements

For The Year Ended 31 January 2024

 

Highland Flower Rentals Ltd

trading as Floral Image West Scotland

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Highland Flower Rentals Ltd

trading as Floral Image West Scotland

(Registration number: 11762393)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

           

Fixed assets

   

 

Tangible assets

4

 

6,945

 

2,360

Current assets

   

 

Stocks

5

27,010

 

24,252

 

Debtors

6

20,466

 

19,600

 

Cash at bank and in hand

 

6,075

 

11,411

 

 

53,551

 

55,263

 

Creditors: Amounts falling due within one year

7

(39,708)

 

(26,388)

 

Net current assets

   

13,843

 

28,875

Total assets less current liabilities

   

20,788

 

31,235

Creditors: Amounts falling due after more than one year

7

 

(19,167)

 

(29,167)

Provisions for liabilities

 

(997)

 

-

Net assets

   

624

 

2,068

Capital and reserves

   

 

Called up share capital

3

 

4

 

Capital redemption reserve

(18,799)

 

-

 

Profit and loss account

19,420

 

2,064

 

Total equity

   

624

 

2,068

 

Highland Flower Rentals Ltd

trading as Floral Image West Scotland

(Registration number: 11762393)
Balance Sheet as at 31 January 2024

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 15 April 2024
 

.........................................
Mr O.D. Mynard
Director

 

Highland Flower Rentals Ltd

trading as Floral Image West Scotland

Notes to the Unaudited Financial Statements For The Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
11 Fusion Court
Garforth
Leeds
LS25 2GH
United Kingdom

These financial statements were authorised for issue by the director on 15 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when, the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

 

Highland Flower Rentals Ltd

trading as Floral Image West Scotland

Notes to the Unaudited Financial Statements For The Year Ended 31 January 2024

Tax

The tax expense for the period comprises current tax and is recognised in profit or loss.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

Reducing balance 25%

Stocks

Stocks are initially measured at cost and then amortised over their expected useful life, the value on the balance sheet is the remaining non-amortised value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

 

Highland Flower Rentals Ltd

trading as Floral Image West Scotland

Notes to the Unaudited Financial Statements For The Year Ended 31 January 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 2).

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2023

5,595

5,595

Additions

6,900

6,900

At 31 January 2024

12,495

12,495

Depreciation

At 1 February 2023

3,235

3,235

Charge for the year

2,315

2,315

At 31 January 2024

5,550

5,550

Carrying amount

At 31 January 2024

6,945

6,945

At 31 January 2023

2,360

2,360

5

Stocks

2024
£

2023
£

Merchandise

27,010

24,252

6

Debtors

Current

2024
£

2023
£

Trade debtors

20,466

19,600

 

Highland Flower Rentals Ltd

trading as Floral Image West Scotland

Notes to the Unaudited Financial Statements For The Year Ended 31 January 2024

7

Creditors

2024
£

2023
£

Due within one year

Loans and borrowings

10,000

10,416

Trade creditors

1,509

5,214

Taxation and social security

6,202

2,471

Other creditors

21,997

8,287

39,708

26,388

Due after one year

Loans and borrowings

19,167

29,167