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REGISTERED NUMBER: 07820150 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

County Flowers Ltd

County Flowers Ltd (Registered number: 07820150)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


County Flowers Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Miss D Cross
D D Hollow





SECRETARY: Miss D Cross





REGISTERED OFFICE: Rumwell Hall
Rumwell
Taunton
Somerset
TA4 1EL





REGISTERED NUMBER: 07820150 (England and Wales)





ACCOUNTANTS: GSS Accountants Limited
Rumwell Hall
Rumwell
Taunton
Somerset
TA4 1EL

County Flowers Ltd (Registered number: 07820150)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 12,292 16,766
12,292 16,766

CURRENT ASSETS
Stocks 2,100 2,000
Debtors 6 3,595 3,074
Cash at bank and in hand 6,583 10,188
12,278 15,262
CREDITORS
Amounts falling due within one year 7 32,787 29,560
NET CURRENT LIABILITIES (20,509 ) (14,298 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,217

)

2,468

CREDITORS
Amounts falling due after more than one
year

8

(7,805

)

(12,335

)

PROVISIONS FOR LIABILITIES (1,959 ) (2,785 )

ACCRUALS AND DEFERRED INCOME - (397 )
NET LIABILITIES (17,981 ) (13,049 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (18,081 ) (13,149 )
(17,981 ) (13,049 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

County Flowers Ltd (Registered number: 07820150)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 March 2024 and were signed on its behalf by:




Miss D Cross - Director



D D Hollow - Director


County Flowers Ltd (Registered number: 07820150)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

County Flowers 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business is being amortised evenly over it's estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on 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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


County Flowers Ltd (Registered number: 07820150)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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 year 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
The directors have reviewed the company's forcasts and projections and with the ongoing support from the directors, they have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future.

The company therefore continues to adopt the going concern basis in preparing it's financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 20,000
AMORTISATION
At 1 November 2022
and 31 October 2023 20,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

County Flowers Ltd (Registered number: 07820150)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 6,657 29,395 1,559 37,611
DEPRECIATION
At 1 November 2022 4,958 15,281 606 20,845
Charge for year 425 3,529 520 4,474
At 31 October 2023 5,383 18,810 1,126 25,319
NET BOOK VALUE
At 31 October 2023 1,274 10,585 433 12,292
At 31 October 2022 1,699 14,114 953 16,766

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,595 3,074

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,392 5,630
Trade creditors 1,083 1,084
Social security and other taxes (80 ) 80
VAT 99 1,143
Other creditors 717 936
Directors' current accounts 23,349 19,538
Accruals and deferred income 1,227 1,149
32,787 29,560

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 4,645 4,531
Bank loans - 2-5 years 3,160 7,804
7,805 12,335