Registered number
11683915
FLORIA LTD
Filleted Accounts
29 November 2023
FLORIA LTD
Registered number: 11683915
Balance Sheet
as at 29 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,191 6,330
Current assets
Stocks 73,970 58,770
Debtors 4 9,449 5,041
Cash at bank and in hand 1,668 1,677
85,087 65,488
Creditors: amounts falling due within one year 5 (7,155) (13,201)
Net current assets 77,932 52,287
Total assets less current liabilities 83,123 58,617
Creditors: amounts falling due after more than one year 6 (70,075) (39,298)
Net assets 13,048 19,319
Capital and reserves
Called up share capital 100 100
Profit and loss account 12,948 19,219
Shareholder's funds 13,048 19,319
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Ali Abaci
Director
Approved by the board on 7 August 2024
FLORIA LTD
Notes to the Accounts
for the year ended 29 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, as follows:
Plant and machinery 18% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Motor van
£
Cost
At 30 November 2022 14,000
At 29 November 2023 14,000
Depreciation
At 30 November 2022 7,670
Charge for the year 1,139
At 29 November 2023 8,809
Net book value
At 29 November 2023 5,191
At 29 November 2022 6,330
4 Debtors 2023 2022
£ £
Prepayments & other debtors 9,449 5,041
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans - 6,768
Corporation tax 994 1,339
Other taxes and social security costs 764 3,366
Other creditors 5,397 1,728
7,155 13,201
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 39,298
Other creditors 70,075 -
70,075 39,298
7 Other information
FLORIA LTD is a private company limited by shares and incorporated in England. Its registered office is:
396 Kingsland Road
London
E8 4AA
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