REGISTERED NUMBER: |
FLAWSOME BRANDS LTD |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
1ST NOVEMBER 2022 TO 31ST DECEMBER 2023 |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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. |
Chartered Certified Accountants |
Pembroke House |
Llantarnam Park Way |
Cwmbran |
Torfaen |
NP44 3AU |
FLAWSOME BRANDS LTD (REGISTERED NUMBER: 10441605) |
BALANCE SHEET |
31ST DECEMBER 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Share premium |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery | - |
Tooling | - |
Computer equipment | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Plant and | Computer |
machinery | Tooling | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1st November 2022 |
Additions |
At 31st December 2023 |
DEPRECIATION |
At 1st November 2022 |
Charge for period |
At 31st December 2023 |
NET BOOK VALUE |
At 31st December 2023 |
At 31st October 2022 |
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 |
At 31st December 2023 |
NET BOOK VALUE |
At 31st December 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments and accrued income |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Social security and other taxes |
VAT |
Other creditors |
Directors' current accounts |
Accruals and deferred income |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans - 1-2 years |
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: | £ | £ |
Ordinary | 1p | 120 | 120 |
Allotted and issued: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
B Ordinary | 1p | 46 | 40 |
The following shares were issued during the period: |
583 B Ordinary shares of 1p for cash of £ |
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). |