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Company registration number: 11846537
Nicola Downie Florist Ltd
Unaudited filleted financial statements
31 March 2024
Nicola Downie Florist Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Nicola Downie Florist Ltd
Directors and other information
Director Nicola Downie
Company number 11846537
Registered office 27/28 Gelliwastad Road
Pontypridd
CF37 2BW
Accountants R H Jeffs & Rowe Ltd
Pontypridd
Nicola Downie Florist Ltd
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of Nicola Downie Florist Ltd
Year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nicola Downie Florist Ltd for the year ended 31 March 2024 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of Nicola Downie Florist Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Nicola Downie Florist Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nicola Downie Florist Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Nicola Downie Florist Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Nicola Downie Florist Ltd. You consider that Nicola Downie Florist Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Nicola Downie Florist Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
R H Jeffs & Rowe Ltd
Chartered Accountants
Pontypridd
15 August 2024
Nicola Downie Florist Ltd
Statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 6,809 8,011
_______ _______
6,809 8,011
Current assets
Stocks 2,000 5,000
Debtors 6 9,379 7,567
Cash at bank and in hand 19,277 25,490
_______ _______
30,656 38,057
Creditors: amounts falling due
within one year 7 ( 7,809) ( 6,311)
_______ _______
Net current assets 22,847 31,746
_______ _______
Total assets less current liabilities 29,656 39,757
Creditors: amounts falling due
after more than one year 8 ( 21,041) ( 25,159)
_______ _______
Net assets 8,615 14,598
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 8,614 14,597
_______ _______
Shareholders funds 8,615 14,598
_______ _______
For the year ending 31 March 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 13 August 2024 , and are signed on behalf of the board by:
Nicola Downie
Director
Company registration number: 11846537
Nicola Downie Florist Ltd
Statement of changes in equity
Year ended 31 March 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 April 2022 1 36,176 36,177
Loss for the year ( 16,079) ( 16,079)
_______ _______ _______
Total comprehensive income for the year - ( 16,079) ( 16,079)
Dividends paid and payable ( 5,500) ( 5,500)
_______ _______ _______
Total investments by and distributions to owners - ( 5,500) ( 5,500)
_______ _______ _______
At 31 March 2023 and 1 April 2023 1 14,597 14,598
Loss for the year ( 4,983) ( 4,983)
_______ _______ _______
Total comprehensive income for the year - ( 4,983) ( 4,983)
Dividends paid and payable ( 1,000) ( 1,000)
_______ _______ _______
Total investments by and distributions to owners - ( 1,000) ( 1,000)
_______ _______ _______
At 31 March 2024 1 8,614 8,615
_______ _______ _______
Nicola Downie Florist Ltd
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in Wales. The address of the registered office is 27/28 Gelliwastad Road, Pontypridd, CF37 2BW.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
Current tax is recognised on taxable profit for the current and past periods.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles - 25% reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price.
Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2023:8).
5. Tangible assets
Motor vehicles Total
£ £
Cost
At 1 April 2023 and 31 March 2024 11,088 11,088
_______ _______
Depreciation
At 1 April 2023 3,077 3,077
Charge for the year 1,202 1,202
_______ _______
At 31 March 2024 4,279 4,279
_______ _______
Carrying amount
At 31 March 2024 6,809 6,809
_______ _______
At 31 March 2023 8,011 8,011
_______ _______
6. Debtors
2024 2023
£ £
Other debtors 9,379 7,567
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Social security and other taxes 4,728 4,964
Other creditors 3,081 1,347
_______ _______
7,809 6,311
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 17,130 19,396
Other creditors 3,911 5,763
_______ _______
21,041 25,159
_______ _______