Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-31true2022-04-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04800163 2022-04-01 2023-03-31 04800163 2021-04-01 2022-03-31 04800163 2023-03-31 04800163 2022-03-31 04800163 c:Director1 2022-04-01 2023-03-31 04800163 d:FurnitureFittings 2022-04-01 2023-03-31 04800163 d:FurnitureFittings 2023-03-31 04800163 d:FurnitureFittings 2022-03-31 04800163 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04800163 d:ComputerSoftware 2023-03-31 04800163 d:ComputerSoftware 2022-03-31 04800163 d:CurrentFinancialInstruments 2023-03-31 04800163 d:CurrentFinancialInstruments 2022-03-31 04800163 d:Non-currentFinancialInstruments 2023-03-31 04800163 d:Non-currentFinancialInstruments 2022-03-31 04800163 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04800163 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 04800163 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 04800163 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 04800163 d:ShareCapital 2023-03-31 04800163 d:ShareCapital 2022-03-31 04800163 d:SharePremium 2023-03-31 04800163 d:SharePremium 2022-03-31 04800163 d:RetainedEarningsAccumulatedLosses 2023-03-31 04800163 d:RetainedEarningsAccumulatedLosses 2022-03-31 04800163 c:FRS102 2022-04-01 2023-03-31 04800163 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04800163 c:FullAccounts 2022-04-01 2023-03-31 04800163 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 04800163










FLOREN DESIGN LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
FLOREN DESIGN LIMITED
REGISTERED NUMBER: 04800163

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
2,953
4,912

  
2,953
4,912

Current assets
  

Stocks
  
816,210
903,299

Debtors: amounts falling due within one year
 6 
146,166
153,338

Cash at bank and in hand
  
978
1,729

  
963,354
1,058,366

Creditors: amounts falling due within one year
 7 
(127,508)
(26,840)

Net current assets
  
 
 
835,846
 
 
1,031,526

Total assets less current liabilities
  
838,799
1,036,438

Creditors: amounts falling due after more than one year
 8 
(1,352,711)
(1,549,349)

  

Net liabilities
  
(513,912)
(512,911)


Capital and reserves
  

Called up share capital 
  
500
500

Share premium account
  
99,800
99,800

Profit and loss account
  
(614,212)
(613,211)

  
(513,912)
(512,911)


Page 1

 
FLOREN DESIGN LIMITED
REGISTERED NUMBER: 04800163
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




N Sherring
Director

Date: 15 February 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
FLOREN DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Floren Design Limited (formerly Floren Fine Arts Limited), (registered number: 04800163), is a private company limited by shares. It is incorporated in England & Wales. The registered office is Wey Court West, Union Road, Farnham. Surrey, GU9 7PT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the year end, the company's statement of financial position is in a net liabilities position. Total liabilities exceed total assets by £513,912 (2022: £512,911).
The director intends to continue to support the company for the foreseeable future and therefore these accounts are prepared on the going concern basis. 

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
FLOREN DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
FLOREN DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures & fittings
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. 

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

Page 5

 
FLOREN DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Intangible assets




Computer software

£



Cost


At 1 April 2022
11,739



At 31 March 2023

11,739



Amortisation


At 1 April 2022
11,739



At 31 March 2023

11,739



Net book value



At 31 March 2023
-



At 31 March 2022
-



Page 6

 
FLOREN DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Fixtures & fittings

£



Cost or valuation


At 1 April 2022
11,135


Additions
16



At 31 March 2023

11,151



Depreciation


At 1 April 2022
6,224


Charge for the year on owned assets
1,974



At 31 March 2023

8,198



Net book value



At 31 March 2023
2,953



At 31 March 2022
4,912


6.


Debtors

2023
2022
£
£


Trade debtors
6,392
5,470

Other debtors
741
1,432

Deferred taxation
139,033
146,436

146,166
153,338


Page 7

 
FLOREN DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
2,199
1,137

Trade creditors
23,809
24,203

Other creditors
100,000
-

Accruals and deferred income
1,500
1,500

127,508
26,840



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
1,352,711
1,549,349


 
Page 8