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UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST JULY 2022 TO 30TH SEPTEMBER 2023

FOR

FLORIST EXCHANGE LTD

FLORIST EXCHANGE LTD (REGISTERED NUMBER: 05783605)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST JULY 2022 TO 30TH SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLORIST EXCHANGE LTD

COMPANY INFORMATION
FOR THE PERIOD 1ST JULY 2022 TO 30TH SEPTEMBER 2023







DIRECTORS: K Anthony
B Anthony





REGISTERED OFFICE: 31 - 33 Oxford Road
Worthing
West Sussex
BN11 1UT





REGISTERED NUMBER: 05783605 (England and Wales)





ACCOUNTANTS: Evans Weir
The Victoria
25 St Pancras
Chichester
West Sussex
PO19 7LT

FLORIST EXCHANGE LTD (REGISTERED NUMBER: 05783605)

BALANCE SHEET
30TH SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,020
Tangible assets 5 - -
- 1,020

CURRENT ASSETS
Debtors 6 4,083 29,253

CREDITORS
Amounts falling due within one year 7 1,864 12,716
NET CURRENT ASSETS 2,219 16,537
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,219

17,557

CREDITORS
Amounts falling due after more than one
year

8

-

11,805
NET ASSETS 2,219 5,752

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 219 3,752
SHAREHOLDERS' FUNDS 2,219 5,752

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th September 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.

FLORIST EXCHANGE LTD (REGISTERED NUMBER: 05783605)

BALANCE SHEET - continued
30TH SEPTEMBER 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 13th March 2024 and were signed on its behalf by:





K Anthony - Director


FLORIST EXCHANGE LTD (REGISTERED NUMBER: 05783605)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST JULY 2022 TO 30TH SEPTEMBER 2023

1. STATUTORY INFORMATION

Florist Exchange 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.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

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 etc - 10% on cost

Taxation
Taxation for the period 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.

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.

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

FLORIST EXCHANGE LTD (REGISTERED NUMBER: 05783605)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JULY 2022 TO 30TH SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st July 2022
and 30th September 2023 4,997
AMORTISATION
At 1st July 2022 3,977
Charge for period 1,020
At 30th September 2023 4,997
NET BOOK VALUE
At 30th September 2023 -
At 30th June 2022 1,020

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2022
and 30th September 2023 1,419
DEPRECIATION
At 1st July 2022
and 30th September 2023 1,419
NET BOOK VALUE
At 30th September 2023 -

FLORIST EXCHANGE LTD (REGISTERED NUMBER: 05783605)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JULY 2022 TO 30TH SEPTEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,083 29,253

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 4,991
Trade creditors 664 880
Taxation and social security - 1,645
Other creditors 1,200 5,200
1,864 12,716

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 11,805