Registration number:
Highland Flower Rentals Ltd
trading as
For The Year Ended 31 January 2024
Highland Flower Rentals Ltd
trading as Floral Image West Scotland
Contents
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Highland Flower Rentals Ltd
trading as Floral Image West Scotland
(Registration number: 11762393)
Balance Sheet as at 31 January 2024
Note |
2024 |
2023 |
|||
Fixed assets |
|||||
Tangible assets |
|
|
|||
Current assets |
|||||
Stocks |
|
|
|||
Debtors |
|
|
|||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts falling due within one year |
( |
( |
|||
Net current assets |
|
|
|||
Total assets less current liabilities |
|
|
|||
Creditors: Amounts falling due after more than one year |
( |
( |
|||
Provisions for liabilities |
( |
- |
|||
Net assets |
|
|
|||
Capital and reserves |
|||||
Called up share capital |
|
|
|||
Capital redemption reserve |
( |
- |
|||
Profit and loss account |
|
|
|||
Total equity |
|
|
Highland Flower Rentals Ltd
trading as Floral Image West Scotland
(Registration number: 11762393)
Balance Sheet as at 31 January 2024
For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
|
• |
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
......................................... |
Highland Flower Rentals Ltd
trading as Floral Image West Scotland
Notes to the Unaudited Financial Statements For The Year Ended 31 January 2024
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
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 provision of services in the ordinary course of the company’s activities. Turnover is shown net of 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.
Highland Flower Rentals Ltd
trading as Floral Image West Scotland
Notes to the Unaudited Financial Statements For The Year Ended 31 January 2024
Tax
The tax expense for the period comprises current tax and is recognised in profit or loss.
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.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
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 |
Motor Vehicles |
Reducing balance 25% |
Stocks
Stocks are initially measured at cost and then amortised over their expected useful life, the value on the balance sheet is the remaining non-amortised value.
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.
Share capital
Ordinary shares are classified as equity.
Highland Flower Rentals Ltd
trading as Floral Image West Scotland
Notes to the Unaudited Financial Statements For The Year Ended 31 January 2024
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Tangible assets |
Motor vehicles |
Total |
|
Cost or valuation |
||
At 1 February 2023 |
|
|
Additions |
|
|
At 31 January 2024 |
|
|
Depreciation |
||
At 1 February 2023 |
|
|
Charge for the year |
|
|
At 31 January 2024 |
|
|
Carrying amount |
||
At 31 January 2024 |
|
|
At 31 January 2023 |
|
|
Stocks |
2024 |
2023 |
|
Merchandise |
|
|
Debtors |
Current |
2024 |
2023 |
Trade debtors |
|
|
Highland Flower Rentals Ltd
trading as Floral Image West Scotland
Notes to the Unaudited Financial Statements For The Year Ended 31 January 2024
Creditors |
2024 |
2023 |
|
Due within one year |
||
Loans and borrowings |
|
|
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
Due after one year |
||
Loans and borrowings |
|
|