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Registered number: 05618264
Hand and Flowers Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05618264
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,381,505 3,983,525
4,381,505 3,983,525
CURRENT ASSETS
Stocks 5 14,464 10,186
Debtors 6 923,284 774,508
Cash at bank and in hand 23,114 262,746
960,862 1,047,440
Creditors: Amounts Falling Due Within One Year 7 (2,555,214 ) (1,957,243 )
NET CURRENT ASSETS (LIABILITIES) (1,594,352 ) (909,803 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,787,153 3,073,722
Creditors: Amounts Falling Due After More Than One Year 8 (1,491,283 ) (1,792,380 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (152,207 ) (71,805 )
NET ASSETS 1,143,663 1,209,537
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 1,143,563 1,209,437
SHAREHOLDERS' FUNDS 1,143,663 1,209,537
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 19 August 2024 and were signed on its behalf by:
Mrs B Kerridge
Director
19 August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hand and Flowers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05618264 . The registered office is 126 West Street, Marlow, Buckinghamshire, SL7 2BP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% on cost
Improvements to Property 2% on cost
Plant & Machinery 20% on cost
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% on cost
Computer Equipment 20% on cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 102 (2022: 95)
102 95
4. Tangible Assets
Land & Property
Freehold Improvements to Property Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 December 2022 3,055,115 1,551,865 286,687 22,060
Additions - 497,875 792 -
As at 30 November 2023 3,055,115 2,049,740 287,479 22,060
Depreciation
As at 1 December 2022 528,222 224,500 281,459 10,766
Provided during the period 61,103 40,995 1,466 2,259
As at 30 November 2023 589,325 265,495 282,925 13,025
Net Book Value
As at 30 November 2023 2,465,790 1,784,245 4,554 9,035
As at 1 December 2022 2,526,893 1,327,365 5,228 11,294
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 December 2022 692,295 37,869 5,645,891
Additions 44,074 15,884 558,625
As at 30 November 2023 736,369 53,753 6,204,516
Depreciation
As at 1 December 2022 607,736 9,683 1,662,366
Provided during the period 44,072 10,750 160,645
As at 30 November 2023 651,808 20,433 1,823,011
Net Book Value
As at 30 November 2023 84,561 33,320 4,381,505
As at 1 December 2022 84,559 28,186 3,983,525
5. Stocks
2023 2022
£ £
Stock 14,464 10,186
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Page 5
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 159,948 114,099
Other debtors 763,336 660,409
923,284 774,508
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 338,071 197,163
Bank loans and overdrafts 323,489 323,489
Other creditors 1,307,569 994,382
Taxation and social security 586,085 442,209
2,555,214 1,957,243
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 1,491,283 1,792,380
9. Share Capital
2023 2022
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
10. Related Party Transactions
Summary of transactions with all associates
Kerridges Marlow LLP
During the year Hand and Flowers Limited recharged expenses of £8,168 to Kerridges Marlow LLP, a company under common control. Kerridges Marlow LLP recharged expenses to Hand and Flowers Ltd totalling £12,000. At the balance sheet date, Hand and Flowers Limited was owed £457,181 by Kerridges Marlow LLP.
Tom Kerridge Consultancy Limited
During the year Hand and Flowers Limited recharged expenses of £2,340 to Tom Kerridge Consultancy Limited, a company under common control. At the balance sheet date, Hand and Flowers Limited was owed £30,222 by Tom Kerridge Consultancy Limited.
Kerridge Cullen Property Limited
At the balance sheet date, Hand and Flowers Limited was owed £1,004 by Kerridge Cullen Property Limited, a company controlled by a Director of Hand and Flowers Ltd.
Tom Kerridge Media Limited
During the year Hand and Flowers Limited was loaned £148,800 by Tom Kerridge Media Limited, a company under common control.
At the balance sheet date, Hand and Flowers Limited owed £125,452 to Tom Kerridge Media Limited.
Tom Kerridge London Limited
During the year Hand and Flowers Limited loaned £31,020 to Tom Kerridge London Limited, a company under common control. This loan is repayable on demand and interest is not being charged.
At the balance sheet date, Hand and Flowers Limited was owed £145,384 by Tom Kerridge London Limited.
The Coach (Marlow) Limited
During the year Hand and Flowers Limited loaned £81,774 to The Coach (Marlow) Limited, a company under common control.
Hand and Flowers Limited recharged expenses of £4,223 to The Coach (Marlow) Limited.
At the balance sheet date, Hand and Flowers Limited owed £279,706 to The Coach (Marlow) Limited.
The Butcher's Tap & Grill Limited
During the year Hand and Flowers Limited was charged £26,995 of expenses by The Butcher's Tap & Grill Limited, a company under common control.
The Butcher's Tap & Grill Limited loaned £58,596 to Hand and Flowers Limited in the year. This loan is repayable on demand and interest is not being charged.
At the balance sheet date, Hand and Flowers Limited owed £87,991 to The Butcher's Tap & Grill Limited.
...CONTINUED
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10. Related Party Transactions - continued
The Butcher's Tap & Grill (Chelsea) Limited
During the year Hand and Flowers Limited loaned £86,941 to The Butcher's Tap & Grill (Chelsea) Limited, a company under common control.
At the balance sheet date, Hand and Flowers Limited was owed £86,941 by The Butcher's Tap & Grill (Chelsea) Limited. This loan is repayable on demand and interest is not being charged.
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