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Registration number: 08448049

FLAB Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

FLAB Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

FLAB Limited

(Registration number: 08448049)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

7,786

9,698

Investments

5

1

1

 

7,787

9,699

Current assets

 

Stocks

69,890

127,624

Debtors

6

9,426

24,201

Cash at bank and in hand

 

89,250

60,455

 

168,566

212,280

Creditors: Amounts falling due within one year

7

(60,831)

(60,498)

Net current assets

 

107,735

151,782

Total assets less current liabilities

 

115,522

161,481

Provisions for liabilities

(1,479)

(1,843)

Net assets

 

114,043

159,638

Capital and reserves

 

Called up share capital

3,231

3,231

Profit and loss account

110,812

156,407

Total equity

 

114,043

159,638

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 August 2024 and signed on its behalf by:
 

 

FLAB Limited

(Registration number: 08448049)
Balance Sheet as at 29 February 2024

.........................................
Mrs L Bye
Director

 

FLAB Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
International Development Centre
Valley Drive
Ilkley
West Yorkshire
LS29 8PB

These financial statements were authorised for issue by the Board on 6 August 2024.

2

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 were prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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.

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

Plant and machinery

15% straight line

Furniture and fittings

15% straight line

Computer equipment

25% straight line

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 6).

 

FLAB Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Computer equipment
£

Total
£

Cost or valuation

At 1 March 2023

18,268

258

9,118

27,644

Additions

625

1,177

-

1,802

At 29 February 2024

18,893

1,435

9,118

29,446

Depreciation

At 1 March 2023

12,341

249

5,356

17,946

Charge for the year

1,927

18

1,769

3,714

At 29 February 2024

14,268

267

7,125

21,660

Carrying amount

At 29 February 2024

4,625

1,168

1,993

7,786

At 28 February 2023

5,927

9

3,762

9,698

 

FLAB Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

5

Investments

2024
£

2023
£

Investments in subsidiaries

1

1

Subsidiaries

£

Cost or valuation

At 1 March 2023

1

Provision

Carrying amount

At 29 February 2024

1

At 28 February 2023

1

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Fat Lad At The Back Limited

International Development Centre
Valley Drive
Ilkley
West Yorkshire
LS29 8PB

Ordinary

100%

100%

 

     

The principal activity of Fat Lad At The Back Limited is Dormant.

6

Debtors

Current

2024
£

2023
£

Prepayments

1,860

1,728

Other debtors

7,566

22,473

 

9,426

24,201

 

FLAB Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

31,988

33,613

Taxation and social security

17,122

2,365

Accruals and deferred income

8,079

7,822

Other creditors

3,642

16,698

60,831

60,498