Florilegium Limited 07014804 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is Musical emsemble Digita Accounts Production Advanced 6.30.9574.0 true true 07014804 2022-10-01 2023-09-30 07014804 2023-09-30 07014804 bus:OrdinaryShareClass1 2023-09-30 07014804 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 07014804 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 07014804 core:FurnitureFittingsToolsEquipment 2023-09-30 07014804 bus:SmallEntities 2022-10-01 2023-09-30 07014804 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 07014804 bus:FilletedAccounts 2022-10-01 2023-09-30 07014804 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 07014804 bus:RegisteredOffice 2022-10-01 2023-09-30 07014804 bus:Director1 2022-10-01 2023-09-30 07014804 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 07014804 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 07014804 core:FurnitureFittingsToolsEquipment 2022-10-01 2023-09-30 07014804 countries:AllCountries 2022-10-01 2023-09-30 07014804 2022-09-30 07014804 core:FurnitureFittingsToolsEquipment 2022-09-30 07014804 2021-10-01 2022-09-30 07014804 2022-09-30 07014804 bus:OrdinaryShareClass1 2022-09-30 07014804 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 07014804 core:Non-currentFinancialInstruments core:AfterOneYear 2022-09-30 07014804 core:FurnitureFittingsToolsEquipment 2022-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07014804

Florilegium Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2023

 

Florilegium Limited

Contents
__________________________________________________________________________

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Florilegium Limited

Company Information
__________________________________________________________________________

Director

Mr A D Solomon

Registered office

21 Village Road
Finchley
London
N3 1TL


 

Accountants

Brooks Green
Chartered Accountants
Abbey House
342 Regents Park Road
London
N3 2LJ

 

Florilegium Limited

(Registration number: 07014804)
Balance Sheet as at 30 September 2023
__________________________________________________________________________

Note

2023
£

2022
£

           

Fixed assets

   

 

Tangible assets

2

 

225

 

300

Current assets

   

 

Cash at bank and in hand

 

12,753

 

14,250

 

Creditors: Amounts falling due within one year

4

(12,132)

 

(9,543)

 

Net current assets

   

621

 

4,707

Total assets less current liabilities

   

846

 

5,007

Creditors: Amounts falling due after more than one year

4

 

(11,148)

 

(16,298)

Net liabilities

   

(10,302)

 

(11,291)

Capital and reserves

   

 

Called up share capital

5

1

 

1

 

Retained earnings

(10,303)

 

(11,292)

 

Shareholders' deficit

   

(10,302)

 

(11,291)

For the financial year ending 30 September 2023 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 9 April 2024
 

.........................................
Mr A D Solomon
Director

 

Florilegium Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023
__________________________________________________________________________

1

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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 sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

 

Florilegium Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023
__________________________________________________________________________

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

Equipmemt, etc

25% on reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Florilegium Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023
__________________________________________________________________________

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Florilegium Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023
__________________________________________________________________________

2

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2022

2,321

2,321

At 30 September 2023

2,321

2,321

Depreciation

At 1 October 2022

2,021

2,021

Charge for the year

75

75

At 30 September 2023

2,096

2,096

Carrying amount

At 30 September 2023

225

225

At 30 September 2022

300

300

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Loans and borrowings

5,160

5,160

Taxation and social security

2,053

413

Accruals and deferred income

1,600

1,600

Other creditors

3,319

2,370

12,132

9,543

Creditors: amounts falling due after more than one year

2023
£

2022
£

Due after one year

Loans and borrowings

11,148

16,298

 

Florilegium Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023
__________________________________________________________________________

5

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

1

1

1

1