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REGISTERED NUMBER: 11356401 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Flawless CBD Limited

Flawless CBD Limited (Registered number: 11356401)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Flawless CBD Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: P K Maini
T S Maini
I S Maini
M S Kohli
S S Kohli





REGISTERED OFFICE: Unit 7a
Sheene Road
Leicester
Leicestershire
LE4 1BF





REGISTERED NUMBER: 11356401 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Flawless CBD Limited (Registered number: 11356401)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 78,730 107,914

CURRENT ASSETS
Stocks 169,631 231,101
Debtors 5 93,248 165,433
Cash at bank 334,632 350,235
597,511 746,769
CREDITORS
Amounts falling due within one year 6 (332,747 ) (347,499 )
NET CURRENT ASSETS 264,764 399,270
TOTAL ASSETS LESS CURRENT
LIABILITIES

343,494

507,184

CREDITORS
Amounts falling due after more than one
year

7

(86,878

)

(98,823

)

PROVISIONS FOR LIABILITIES (19,683 ) -
NET ASSETS 236,933 408,361

CAPITAL AND RESERVES
Called up share capital 570 570
Capital redemption reserve 30 30
Retained earnings 236,333 407,761
SHAREHOLDERS' FUNDS 236,933 408,361

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Flawless CBD Limited (Registered number: 11356401)

Balance Sheet - continued
30 November 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





T S Maini - Director


Flawless CBD Limited (Registered number: 11356401)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Flawless CBD Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Flawless CBD Limited (Registered number: 11356401)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Hire purchase
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payment is treated as a liability.

Rentals paid under operating leases are charged to profit and loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 118,875 1,583 120,458
Additions - 1,290 1,290
At 30 November 2023 118,875 2,873 121,748
DEPRECIATION
At 1 December 2022 12,383 161 12,544
Charge for year 29,719 755 30,474
At 30 November 2023 42,102 916 43,018
NET BOOK VALUE
At 30 November 2023 76,773 1,957 78,730
At 30 November 2022 106,492 1,422 107,914

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 62,973 128,531
Other debtors 30,275 36,902
93,248 165,433

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 5,219 4,935
Trade creditors 175,894 201,782
Taxation and social security 106,691 97,275
Other creditors 44,943 43,507
332,747 347,499

Flawless CBD Limited (Registered number: 11356401)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Other creditors includes accruals and deferred income of £4,380 (2022 - £2,951).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 86,878 98,823

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Hire purchase contracts 92,097 103,758

The hire purchase creditors are secured on the assets of the company.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 November 2023 and the period ended 30 November 2022:

30.11.23 30.11.22
£    £   
P K Maini
Balance outstanding at start of year 126 126
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 126 126

This loan was interest free and repayable on demand.