Company registration number 09058071 (England and Wales)
EDEN FLORAL STYLING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
EDEN FLORAL STYLING LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
EDEN FLORAL STYLING LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
178
237
Current assets
Stocks
700
700
Debtors
5
116
-
0
Cash at bank and in hand
24,226
14,829
25,042
15,529
Creditors: amounts falling due within one year
6
(24,983)
(10,485)
Net current assets
59
5,044
Net assets
237
5,281
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
137
5,181
Total equity
237
5,281

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

EDEN FLORAL STYLING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 11 April 2024 and are signed on its behalf by:
V C Newby
J C Bhondoo
Director
Director
Company registration number 09058071 (England and Wales)
EDEN FLORAL STYLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The financial statements have been prepared on a going concern basis. The validity of this basis relies on the continuing support of its major creditors. In the opinion of the directors, their support will continue for the foreseeable future.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% reducing balance
EDEN FLORAL STYLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

EDEN FLORAL STYLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 5 -
1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Company information

Eden Floral Styling Limited is a private company limited by shares incorporated in England and Wales. The registered office is 91-93 High Street, Uppermill, Saddleworth, OL3 6BD.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2023
Number
Number
Total
2
2
3
Intangible fixed assets
Goodwill
£
Cost
At 1 June 2023 and 31 March 2024
30,500
Amortisation and impairment
At 1 June 2023 and 31 March 2024
30,500
Carrying amount
At 31 March 2024
-
0
At 31 May 2023
-
0
EDEN FLORAL STYLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 6 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 and 31 March 2024
3,000
Depreciation and impairment
At 1 June 2023
2,763
Depreciation charged in the period
59
At 31 March 2024
2,822
Carrying amount
At 31 March 2024
178
At 31 May 2023
237
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
116
-
0
6
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
7,106
3,426
Other creditors
17,877
7,059
24,983
10,485
7
Financial commitments, guarantees and contingent liabilities

The directors are not aware of any contingent liabilities.

8
Events after the reporting date

There have been no significant post balance sheet events.

2024-03-312023-06-01false11 April 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityV C NewbyJ C Bhondoofalsefalse090580712023-06-012024-03-31090580712024-03-31090580712023-05-3109058071core:OtherPropertyPlantEquipment2024-03-3109058071core:OtherPropertyPlantEquipment2023-05-3109058071core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3109058071core:CurrentFinancialInstrumentscore:WithinOneYear2023-05-3109058071core:CurrentFinancialInstruments2024-03-3109058071core:CurrentFinancialInstruments2023-05-3109058071core:ShareCapital2024-03-3109058071core:ShareCapital2023-05-3109058071core:RetainedEarningsAccumulatedLosses2024-03-3109058071core:RetainedEarningsAccumulatedLosses2023-05-3109058071bus:Director12023-06-012024-03-3109058071bus:Director22023-06-012024-03-3109058071core:Goodwill2023-06-012024-03-3109058071core:FurnitureFittings2023-06-012024-03-31090580712022-06-012023-05-3109058071core:NetGoodwill2023-05-3109058071core:NetGoodwill2024-03-3109058071core:NetGoodwill2023-05-3109058071core:OtherPropertyPlantEquipment2023-05-3109058071core:OtherPropertyPlantEquipment2023-06-012024-03-3109058071core:WithinOneYear2024-03-3109058071core:WithinOneYear2023-05-3109058071bus:PrivateLimitedCompanyLtd2023-06-012024-03-3109058071bus:SmallCompaniesRegimeForAccounts2023-06-012024-03-3109058071bus:FRS1022023-06-012024-03-3109058071bus:AuditExemptWithAccountantsReport2023-06-012024-03-3109058071bus:FullAccounts2023-06-012024-03-31xbrli:purexbrli:sharesiso4217:GBP