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REGISTERED NUMBER: 11184923 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Flosmart Heating Ltd

Flosmart Heating Ltd (Registered number: 11184923)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Flosmart Heating Ltd

Company Information
for the year ended 29 February 2024







DIRECTOR: D Forster





REGISTERED OFFICE: 22 Warren Road
Halstead
Essex
CO9 1XB





REGISTERED NUMBER: 11184923 (England and Wales)





ACCOUNTANTS: Simpson Accountancy Limited
Unit 6 Cherrytree Farm
Blackmore End Road
Sible Hedingham
Essex
CO9 3LZ

Flosmart Heating Ltd (Registered number: 11184923)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,147 546

CURRENT ASSETS
Debtors 5 7,087 8,967
Cash at bank 5,791 4,194
12,878 13,161
CREDITORS
Amounts falling due within one year 6 17,078 13,536
NET CURRENT LIABILITIES (4,200 ) (375 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

947

171

PROVISIONS FOR LIABILITIES 7 863 -
NET ASSETS 84 171

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 83 170
SHAREHOLDERS' FUNDS 84 171

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 5 September 2024 and were signed by:



D Forster - Director


Flosmart Heating Ltd (Registered number: 11184923)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Flosmart Heating 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 - 25% on cost and 20% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Flosmart Heating Ltd (Registered number: 11184923)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 1,605
Additions 8,207
Disposals (2,958 )
At 29 February 2024 6,854
DEPRECIATION
At 1 March 2023 1,059
Charge for year 648
At 29 February 2024 1,707
NET BOOK VALUE
At 29 February 2024 5,147
At 28 February 2023 546

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 5,370 8,609

Amounts falling due after more than one year:
Other debtors 1,717 358

Aggregate amounts 7,087 8,967

Included in debtors are £1,850 of S455 income tax deposit due on the overdrawn director's loan account. This amount is recoverable nine months after the year end in which the loan is repaid.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,395 7,615
Trade creditors - 1
Taxation and social security 1,736 4,340
Other creditors (2,053 ) 1,580
17,078 13,536

7. PROVISIONS FOR LIABILITIES
2024
£   
Deferred tax 863

Flosmart Heating Ltd (Registered number: 11184923)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2023 (24 )
Charge to Income Statement during year 887
Balance at 29 February 2024 863

8. RESERVES
Retained
earnings
£   

At 1 March 2023 170
Profit for the year 5,613
Dividends (5,700 )
At 29 February 2024 83

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
D Forster
Balance outstanding at start of year - -
Amounts advanced 5,086 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,086 -

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £5,700 were paid to the director .

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Forster.