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REGISTERED NUMBER: 10408703 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Florios (SD) Ltd

Florios (SD) Ltd (Registered number: 10408703)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Florios (SD) Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr M Sini





REGISTERED OFFICE: Rowan House
7 West Bank
Scarborough
North Yorkshire
YO12 4DX





REGISTERED NUMBER: 10408703 (England and Wales)





ACCOUNTANTS: Asquith Accountants Limited
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

Florios (SD) Ltd (Registered number: 10408703)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,268 17,843
Investment property 5 150,442 150,442
170,710 168,285

CURRENT ASSETS
Stocks 26,000 26,000
Debtors 6 92,011 84,958
Cash at bank and in hand 79,823 127,227
197,834 238,185
CREDITORS
Amounts falling due within one year 7 90,635 100,703
NET CURRENT ASSETS 107,199 137,482
TOTAL ASSETS LESS CURRENT
LIABILITIES

277,909

305,767

CREDITORS
Amounts falling due after more than one
year

8

(42,893

)

(78,289

)

PROVISIONS FOR LIABILITIES (4,114 ) (3,390 )
NET ASSETS 230,902 224,088

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 230,802 223,988
SHAREHOLDERS' FUNDS 230,902 224,088

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Florios (SD) Ltd (Registered number: 10408703)

Balance Sheet - continued
31 January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2024 and were signed by:





Mr M Sini - Director


Florios (SD) Ltd (Registered number: 10408703)

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

1. STATUTORY INFORMATION

Florios (SD) Ltd 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.
Plant and machinery etc - 33% on cost and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, 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 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.

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

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.

Florios (SD) Ltd (Registered number: 10408703)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 29 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 33,555
Additions 9,302
Disposals (5,536 )
At 31 January 2024 37,321
DEPRECIATION
At 1 February 2023 15,712
Charge for year 4,204
Eliminated on disposal (2,863 )
At 31 January 2024 17,053
NET BOOK VALUE
At 31 January 2024 20,268
At 31 January 2023 17,843

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 150,442
NET BOOK VALUE
At 31 January 2024 150,442
At 31 January 2023 150,442

6. DEBTORS
31.1.24 31.1.23
£    £   
Amounts falling due within one year:
Other debtors 9,132 3,321

Amounts falling due after more than one year:
Other debtors 82,879 81,637

Aggregate amounts 92,011 84,958

Florios (SD) Ltd (Registered number: 10408703)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 35,396 27,357
Trade creditors 13,505 13,382
Taxation and social security 36,460 45,477
Other creditors 5,274 14,487
90,635 100,703

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 42,893 78,289

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
Mr M Sini
Balance outstanding at start of year 921 27,119
Amounts advanced 58,922 921
Amounts repaid (51,114 ) (27,119 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,729 921

The above loans are unsecured, interest free and repayable on demand