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REGISTERED NUMBER: 07991613 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 31 March 2024

for

FLO CONSTRUCTIONS LIMITED

FLO CONSTRUCTIONS LIMITED (REGISTERED NUMBER: 07991613)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


FLO CONSTRUCTIONS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: F Ciocan
Mrs Y Zambrana Bernal





REGISTERED OFFICE: 27 Daventry Street
London
NW1 6TD





REGISTERED NUMBER: 07991613 (England and Wales)





ACCOUNTANTS: Garo & Co UK LLP
Chartered Certified Accountants
27 Daventry Street
London
NW1 6TD

FLO CONSTRUCTIONS LIMITED (REGISTERED NUMBER: 07991613)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 588 1,611

CURRENT ASSETS
Stocks 550 550
Debtors 101,127 103,172
Cash at bank 53,012 76,273
154,689 179,995
CREDITORS
Amounts falling due within one year 9,607 9,345
NET CURRENT ASSETS 145,082 170,650
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,670

172,261

CREDITORS
Amounts falling due after more than one
year

5

(29,167

)

(34,722

)

PROVISIONS FOR LIABILITIES - (350 )
NET ASSETS 116,503 137,189

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 116,493 137,179
SHAREHOLDERS' FUNDS 116,503 137,189

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

FLO CONSTRUCTIONS LIMITED (REGISTERED NUMBER: 07991613)

Abridged Balance Sheet - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





F Ciocan - Director


FLO CONSTRUCTIONS LIMITED (REGISTERED NUMBER: 07991613)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Flo Constructions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

FLO CONSTRUCTIONS LIMITED (REGISTERED NUMBER: 07991613)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Going concern
The directors have considered the Company's position at the time of signing the financial statements and the impact COVID-19 and the Russia/Ukraine conflict had on the financial results. As such under the current circumstances, it is difficult to produce meaningful forecasts for the remainder of the financial year and medium term. Nevertheless, the directors are satisfied that the Company has adequate resources to continue to operate for the foreseeable future.

Based on this, the directors therefore believe that the financial statements have been prepared appropriately on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 24,422
DEPRECIATION
At 1 April 2023 22,811
Charge for year 1,023
At 31 March 2024 23,834
NET BOOK VALUE
At 31 March 2024 588
At 31 March 2023 1,611

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.3.24 31.3.23
£    £   
Repayable by instalments
Bank loans - more than 5 years by
instalments

6,945

12,500

6. SECURED DEBTS

The bank loan included under creditors is supported by a guarantee from the UK Government to the bank under the Bounce Back Loan Scheme (BBLS).

The bank loan bears interest of 2.5% per annum.

7. RELATED PARTY DISCLOSURES

During the year the company have not made any loan advances to London Glass Studio Ltd, a Company in which the directors have a controlling interest. All advances made in previous years were interest free and repayable on demand. The balance outstanding at the year end was £100,259 (2023: £102,759).