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REGISTERED NUMBER: 08409762 (England and Wales)












AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FLORA DIRECT LIMITED

FLORA DIRECT LIMITED (REGISTERED NUMBER: 08409762)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FLORA DIRECT LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: I S Van Der Vijver





SECRETARY: E J Trow





REGISTERED OFFICE: Rosehill Kinsley Road
Knighton
Powys
LD7 1DY





REGISTERED NUMBER: 08409762 (England and Wales)





AUDITORS: Magma Audit LLP
Chartered Accountants
Statutory Auditor
Magma House, 16 Davy Court
Castle Mound Way
Rugby
CV23 0UZ

FLORA DIRECT LIMITED (REGISTERED NUMBER: 08409762)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 23,302 22,420
Cash at bank 673 1,649
23,975 24,069
CREDITORS
Amounts falling due within one year 5 (3,500 ) (3,700 )
NET CURRENT ASSETS 20,475 20,369
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,475

20,369

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 20,375 20,269
SHAREHOLDERS' FUNDS 20,475 20,369

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2024 and were signed by:





I S Van Der Vijver - Director


FLORA DIRECT LIMITED (REGISTERED NUMBER: 08409762)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Flora Direct Limited is a limited company, registered in England and Wales. Its registered office address is Rosehill Kinsley Road, Knighton, Powys, LD7 1DY and the registered number is 08409762.

2. ACCOUNTING POLICIES

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

Summary of significant accounting policies
The principal 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.

The financial statements are presented in Sterling (£).

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Taxation
The tax expense for the year comprises current and deferred tax.

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet 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.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss when due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

FLORA DIRECT LIMITED (REGISTERED NUMBER: 08409762)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 23,302 22,300
Other debtors - 120
23,302 22,420

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 3,500 3,700

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Victoria Craig (Senior Statutory Auditor)
for and on behalf of Magma Audit LLP

7. RELATED PARTY DISCLOSURES

As at 31 December 2023, a balance of £,3500 (2022: £515) was due to a company deemed to be a related party by virtue of common control, which is included in other creditors.

As at 31 December 2023, an amount of £nil (2022: £nil) was due from a group member. Loan interest payable in the year amounted to £47 (2022: £68).

As at 31 December 2023, an amount of £23,302 (2022: £21,785) was due from the parent of the group. Loan interest received in the year amounted to £669 (2022: £677).

8. ULTIMATE PARENT COMPANY

The immediate and ultimate parent company is Unitrade Group B.V. by virtue of owning a majority shareholding in Flora Direct Limited. Unitrade Group B.V. is incorporated in The Netherlands.

Group financial statements are available from Unitrade Group B.V. whose registered office is Offemweg 4-A, Noordwijk, Netherlands 2201 HD.

ULTIMATE CONTROLLING PARTY

The company has no ultimate controlling party, as no one person has a significant shareholding in the ultimate parent company.