Registered number
07887167
Flawless Features Limited
Filleted Accounts
31 December 2023
Flawless Features Limited
Registered number: 07887167
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 728 971
Current assets
Stocks 2,000 2,000
Cash at bank and in hand 33,328 27,870
35,328 29,870
Creditors: amounts falling due within one year 4 (13,873) (10,429)
Net current assets 21,455 19,441
Total assets less current liabilities 22,183 20,412
Creditors: amounts falling due after more than one year 5 (2,375) (3,875)
Net assets 19,808 16,537
Capital and reserves
Called up share capital 100 100
Profit and loss account 19,708 16,437
Shareholder's funds 19,808 16,537
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs A Henry
Director
Approved by the board on 13 September 2024
Flawless Features Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 2,364
At 31 December 2023 2,364
Depreciation
At 1 January 2023 1,393
Charge for the year 243
At 31 December 2023 1,636
Net book value
At 31 December 2023 728
At 31 December 2022 971
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 1,500 1,500
Trade creditors - 146
Corporation tax 1,059 1,381
Other creditors 11,314 7,402
13,873 10,429
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 2,375 3,875
6 Other information
Flawless Features Limited is a private company limited by shares and incorporated in England. Its registered office is:
98 London Road
Bognor Regis
West Sussex
PO21 1DD
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