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REGISTERED NUMBER: 09695585 (England and Wales)












FLOWERS OF ELEGANCE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






FLOWERS OF ELEGANCE LIMITED (REGISTERED NUMBER: 09695585)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLOWERS OF ELEGANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Ms S J Allen





REGISTERED OFFICE: 1 Gurneys Lane
Droitwich
Worcestershire
WR9 8EL





REGISTERED NUMBER: 09695585 (England and Wales)





ACCOUNTANTS: Wallace Crooke Walsall Limited
Chartered Accountants
Wallace House
20 Birmingham Road
Walsall
West Midlands
WS1 2LT

FLOWERS OF ELEGANCE LIMITED (REGISTERED NUMBER: 09695585)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 880 2,219
Tangible assets 5 3,011 4,570
3,891 6,789

CURRENT ASSETS
Stocks 3,680 4,000
Debtors 6 21,096 20,970
Cash at bank 1,875 784
26,651 25,754
CREDITORS
Amounts falling due within one year 7 15,816 12,177
NET CURRENT ASSETS 10,835 13,577
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,726

20,366

CREDITORS
Amounts falling due after more than one
year

8

26,500

28,272
NET LIABILITIES (11,774 ) (7,906 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (11,874 ) (8,006 )
SHAREHOLDERS' FUNDS (11,774 ) (7,906 )

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 director acknowledges her 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.

FLOWERS OF ELEGANCE LIMITED (REGISTERED NUMBER: 09695585)

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 director and authorised for issue on 23 July 2024 and were signed by:





Ms S J Allen - Director


FLOWERS OF ELEGANCE LIMITED (REGISTERED NUMBER: 09695585)

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

1. STATUTORY INFORMATION

Flowers Of Elegance 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 company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

Going concern
The financial statements have been prepared on a going concern basis not withstanding the deficit in shareholders' funds of £11,774. The directors have a reasonable expectation that the company has access to adequate resources to continue in operational existence for the foreseeable future. They have considered a period of 12 months from the date of the approval of these financial statements. Therefore, the directors have continued to adopt a going concern basis.

If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce balance sheet values of assets to their recoverable amounts, and to provide for further liabilities that might arise, and to reclassify fixed assets and long term liabilities as current assets and liabilities respectively.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website costs are being amortised evenly over their estimated useful life of five years.

Legal Lease is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowances for obsolete and slow moving items.

FLOWERS OF ELEGANCE LIMITED (REGISTERED NUMBER: 09695585)

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

2. ACCOUNTING POLICIES - continued

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.

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 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Website Legal
Goodwill costs Lease Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 3,000 5,195 480 8,675
AMORTISATION
At 1 August 2022 2,100 3,876 480 6,456
Amortisation for year 300 1,039 - 1,339
At 31 July 2023 2,400 4,915 480 7,795
NET BOOK VALUE
At 31 July 2023 600 280 - 880
At 31 July 2022 900 1,319 - 2,219

FLOWERS OF ELEGANCE LIMITED (REGISTERED NUMBER: 09695585)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 8,401 10,450 18,851
DEPRECIATION
At 1 August 2022 5,137 9,144 14,281
Charge for year 253 1,306 1,559
At 31 July 2023 5,390 10,450 15,840
NET BOOK VALUE
At 31 July 2023 3,011 - 3,011
At 31 July 2022 3,264 1,306 4,570

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,026 1,001
Other debtors 20,070 19,969
21,096 20,970

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,462 2,592
Trade creditors 2,588 3,266
Taxation and social security 2,428 5,383
Other creditors 1,338 936
15,816 12,177

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 26,500 28,272

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,618 7,761

FLOWERS OF ELEGANCE LIMITED (REGISTERED NUMBER: 09695585)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director received advances totalling £2,571 (2022:- £2,877) and made repayments totalling £2,600 (2022:- £1,736). At 31 July 2023, the director owed the company £17,775 (2022:- £17,804). These were provided at an interest rate of 2%.