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REGISTERED NUMBER: 07700593 (England and Wales)













YOUR LONDON FLORIST LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






YOUR LONDON FLORIST LIMITED (REGISTERED NUMBER: 07700593)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


YOUR LONDON FLORIST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: D Upali
Mrs M Upali





REGISTERED OFFICE: 255 Green Lanes
Palmers Green
London
N13 4XE





REGISTERED NUMBER: 07700593 (England and Wales)





ACCOUNTANTS: John Crook & Partners
Chartered Accountants
255 Green Lanes
Palmers Green
London
N13 4XE

YOUR LONDON FLORIST LIMITED (REGISTERED NUMBER: 07700593)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,486 27,886

CURRENT ASSETS
Stocks 100,000 100,000
Debtors 5 137,744 44,774
Cash at bank 63,450 137,108
301,194 281,882
CREDITORS
Amounts falling due within one year 6 438,145 475,133
NET CURRENT LIABILITIES (136,951 ) (193,251 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(115,465

)

(165,365

)

CREDITORS
Amounts falling due after more than one
year

7

19,427

29,712
NET LIABILITIES (134,892 ) (195,077 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (134,992 ) (195,177 )
SHAREHOLDERS' FUNDS (134,892 ) (195,077 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

YOUR LONDON FLORIST LIMITED (REGISTERED NUMBER: 07700593)

BALANCE SHEET - continued
31 JULY 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 29 July 2024 and were signed on its behalf by:




D Upali - Director



Mrs M Upali - Director


YOUR LONDON FLORIST LIMITED (REGISTERED NUMBER: 07700593)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Your London Florist Limited 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.

The financial statements have been prepared on a going concern basis. This may not be appropriate, as there are net current liabilities as at the year end. The company's ability to trade is dependent upon the continuing support of its directors, which at present is forthcoming. Therefore the going concern basis is considered appropriate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - over the unexpired lease term
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 year 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.

YOUR LONDON FLORIST LIMITED (REGISTERED NUMBER: 07700593)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 12,105 23,485 58,372 4,308 98,270
Additions - - - 2,905 2,905
At 31 July 2023 12,105 23,485 58,372 7,213 101,175
DEPRECIATION
At 1 August 2022 9,575 22,431 35,632 2,746 70,384
Charge for year 2,003 753 5,685 864 9,305
At 31 July 2023 11,578 23,184 41,317 3,610 79,689
NET BOOK VALUE
At 31 July 2023 527 301 17,055 3,603 21,486
At 31 July 2022 2,530 1,054 22,740 1,562 27,886

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 133,341 41,108
Prepayments 4,403 3,666
137,744 44,774

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,413 15,835
Trade creditors 9,750 19,710
Social security and other taxes 4,482 1,335
Pensions control 842 735
Value added tax 129,002 126,001
Other creditors 47 3,850
Directors' loan accounts 271,959 289,463
Sundry creditors and accruals 10,650 18,204
438,145 475,133

YOUR LONDON FLORIST LIMITED (REGISTERED NUMBER: 07700593)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,533 10,285
Bank loans - 2-5 years 8,894 19,427
19,427 29,712

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs M Upali.