Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01falseNo description of principal activity2732falsetruefalse 03065717 2023-01-01 2023-12-31 03065717 2022-01-01 2022-12-31 03065717 2023-12-31 03065717 2022-12-31 03065717 c:Director1 2023-01-01 2023-12-31 03065717 c:RegisteredOffice 2023-01-01 2023-12-31 03065717 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 03065717 d:Buildings d:ShortLeaseholdAssets 2023-12-31 03065717 d:Buildings d:ShortLeaseholdAssets 2022-12-31 03065717 d:PlantMachinery 2023-01-01 2023-12-31 03065717 d:PlantMachinery 2023-12-31 03065717 d:PlantMachinery 2022-12-31 03065717 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03065717 d:MotorVehicles 2023-01-01 2023-12-31 03065717 d:MotorVehicles 2023-12-31 03065717 d:MotorVehicles 2022-12-31 03065717 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03065717 d:FurnitureFittings 2023-01-01 2023-12-31 03065717 d:FurnitureFittings 2023-12-31 03065717 d:FurnitureFittings 2022-12-31 03065717 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03065717 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03065717 d:CurrentFinancialInstruments 2023-12-31 03065717 d:CurrentFinancialInstruments 2022-12-31 03065717 d:Non-currentFinancialInstruments 2023-12-31 03065717 d:Non-currentFinancialInstruments 2022-12-31 03065717 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03065717 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03065717 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 03065717 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 03065717 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 03065717 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 03065717 d:ShareCapital 2023-12-31 03065717 d:ShareCapital 2022-12-31 03065717 d:CapitalRedemptionReserve 2023-12-31 03065717 d:CapitalRedemptionReserve 2022-12-31 03065717 d:RetainedEarningsAccumulatedLosses 2023-12-31 03065717 d:RetainedEarningsAccumulatedLosses 2022-12-31 03065717 c:FRS102 2023-01-01 2023-12-31 03065717 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03065717 c:FullAccounts 2023-01-01 2023-12-31 03065717 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03065717 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 03065717 d:HirePurchaseContracts d:WithinOneYear 2022-12-31 03065717 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 03065717 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 03065717 6 2023-01-01 2023-12-31 03065717 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 03065717







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


FLOWERVISION LIMITED






































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FLOWERVISION LIMITED
 


 
COMPANY INFORMATION


Director
R. J. J. Vrolijk 




Registered number
03065717



Registered office
Vine Nurseries
Spout Lane

Staines-Upon-Thames

Middlesex

TW19 6BN




Accountants
Menzies LLP
Chartered Accountants

Ascombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


FLOWERVISION LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 10


 


FLOWERVISION LIMITED
REGISTERED NUMBER:03065717



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
265,376
297,406

Investments
 5 
45,303
45,303

  
310,679
342,709

Current assets
  

Stocks
  
85,529
168,867

Debtors: amounts falling due within one year
 6 
568,782
569,536

Cash at bank and in hand
  
19,333
14,023

  
673,644
752,426

Creditors: amounts falling due within one year
 7 
(984,412)
(1,148,129)

Net current liabilities
  
 
 
(310,768)
 
 
(395,703)

Total assets less current liabilities
  
(89)
(52,994)

Creditors: amounts falling due after more than one year
 8 
(175,000)
(278,979)

  

Net liabilities
  
(175,089)
(331,973)


Capital and reserves
  

Allotted, called up and fully paid share capital
  
1,020
1,020

Capital redemption reserve
  
980
980

Profit and loss account
  
(177,089)
(333,973)

  
(175,089)
(331,973)


Page 1

 


FLOWERVISION LIMITED
REGISTERED NUMBER:03065717


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


R. J. J. Vrolijk
Director

Date: 22 August 2024

The notes on pages 3 to 10 form part of these financial statements.
Page 2

 


FLOWERVISION LIMITED
 


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

1.


General information

The entity is a private company limited by shares and incorporated in England and Wales. The trading address and the registered office address are disclosed on the company information page. 
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

As at 31 December 2023 the statement of financial position reports net liabilities of £175,089  (2022: 331,973 ) and is reliant upon the continued financial support of the company bankers and its parent company. 
Whilst some uncertainties still exist and these may cast doubt on the company’s ability to continue as a going concern, the director believes that the actions he has taken should enable it to continue in operational existence for at least 12 months from the approval of these accounts.

 
2.3

Revenue

Revenue is generated through sale and distribution of goods within the flower import industry. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received, or receivable, for the sale of flowers and related products, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 


FLOWERVISION LIMITED
 


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

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis and a straight line basis for motor vehicles.

Depreciation is provided on the following basis:

Leasehold property
-
Over the term of the lease
Plant and machinery
-
10% reducing balance
Motor vehicles
-
25% on cost
Fixtures and fittings
-
25% on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
2.8

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

Page 4

 


FLOWERVISION LIMITED
 


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

2.Accounting policies (continued)

 
2.9

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.10

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.11

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.12

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 


FLOWERVISION LIMITED
 


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

2.Accounting policies (continued)

 
2.13

Current and deferred taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 27 (2022 - 32).

Page 6

 


FLOWERVISION LIMITED
 


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

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
80,877
720,340
236,932
334,555
1,372,704


Additions
-
2,349
-
-
2,349


Disposals
-
-
(34,250)
-
(34,250)



At 31 December 2023

80,877
722,689
202,682
334,555
1,340,803



Depreciation


At 1 January 2023
80,578
512,635
205,208
276,877
1,075,298


Charge for the year on owned assets
299
22,044
11,016
1,020
34,379


Disposals
-
-
(34,250)
-
(34,250)



At 31 December 2023

80,877
534,679
181,974
277,897
1,075,427



Net book value



At 31 December 2023
-
188,010
20,708
56,658
265,376



At 31 December 2022
299
207,705
31,724
57,678
297,406

Page 7

 


FLOWERVISION LIMITED
 


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

5.


Fixed asset investments





Investment in joint ventures

£



Cost or valuation


At 1 January 2023
67,980



At 31 December 2023

67,980



Impairment


At 1 January 2023
22,677



At 31 December 2023

22,677



Net book value



At 31 December 2023
45,303



At 31 December 2022
45,303


6.


Debtors

2023
2022
£
£


Trade debtors
394,284
407,264

Amounts owed by group undertakings
130,000
105,000

Amounts owed by associated undertakings
2,746
1,435

Other debtors
7,033
30,169

Prepayments and accrued income
33,837
22,906

Tax recoverable
882
2,762

568,782
569,536


Page 8

 


FLOWERVISION LIMITED
 


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

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
271,687
167,508

Bank loans
100,000
100,000

Trade creditors
129,499
306,851

Amounts owed to group undertakings
57,621
59,696

Other taxation and social security
391,446
415,359

Obligations under finance lease and hire purchase contracts
3,979
8,260

Other creditors
15,357
1,469

Accruals and deferred income
14,823
88,986

984,412
1,148,129



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
175,000
275,000

Net obligations under finance leases and hire purchase contracts
-
3,979

175,000
278,979



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
100,000
100,000


100,000
100,000

Amounts falling due 1-2 years

Bank loans
175,000
275,000


175,000
275,000



275,000
375,000


Page 9

 


FLOWERVISION LIMITED
 


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

10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
3,979
8,260

Between 1-5 years
-
3,979

3,979
12,239


11.


Commitments under operating leases

At 31 December 2022 the company had future minimum lease payments under non-cancellable operating leases as follows:

2023
2022
£
£
Not later than 1 year

250,000

100,000

Later than 1 year and not later than 5 years

1,000,000

-

Later than 5 years

1,683,836

-

2,933,836

100,000



12.


Pension commitments

As at 31 December 2023 there were unpaid pension contributions of £1,292 (2022: £1,123).


13.


Controlling party

The company's ultimate parent undertaking is R.J.J. Vrolijk BV. The registered office for R.J.J. Vrolijk BV is Rembrandtweg 37, 2202 AT Noordwijk, Nederland, NL 8128.59.753.B.01.


14.


Transactions with the directors and related parties

As at 31 December 2023 the company owed £57,621 (2022: £59,696) to R.J.J. Vrolijk BV, its parent undertaking. There was no interest charged on this loan. 
As at 31 December 2023 the company was owed £130,000 (2022 £105,000) by a fellow subsidiary company.
At the beginning of the year the company was owed £23,495 (2022: £8,501) by the directors. During the year the directors made repayments of £25,169 (2022: £16,565) and received advances of £0 (2022: £31,489). As at 31 December 2023 the directors owed the company £2,612 (2022: £23,495). No interest was charged on these loans.
The director has given personal guarantees in relation to the bank overdraft.

Page 10