Company Registration No. 10423963 (England and Wales)
FLO Property Ltd
Unaudited accounts
for the year ended 31 October 2023
FLO Property Ltd
Unaudited accounts
Contents
FLO Property Ltd
Company Information
for the year ended 31 October 2023
Directors
Tony John Pallant
Joanne Pallant
Company Number
10423963 (England and Wales)
Registered Office
49 West Street
Rochford
Essex
SS4 1BE
England
Accountants
Portway Accountancy Services Limited
47 Back Lane
Rochford
Essex
SS4 1AY
FLO Property Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
674,392
681,075
Cash at bank and in hand
2,386
1,816
Creditors: amounts falling due within one year
(29,489)
(19,809)
Net current liabilities
(25,759)
(16,698)
Total assets less current liabilities
648,633
664,377
Creditors: amounts falling due after more than one year
(435,897)
(441,013)
Net assets
212,736
223,364
Called up share capital
2,000
2,000
Revaluation reserve
248,898
248,898
Profit and loss account
(38,162)
(27,534)
Shareholders' funds
212,736
223,364
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by
Tony John Pallant
Director
Company Registration No. 10423963
FLO Property Ltd
Notes to the Accounts
for the year ended 31 October 2023
FLO Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 10423963. The registered office is 49 West Street, Rochford, Essex, SS4 1BE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
- Not Depreciated
Motor vehicles
20% on a straight line basis
4
Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2022
667,706
33,418
701,124
At 31 October 2023
667,706
33,418
701,124
At 1 November 2022
-
20,049
20,049
Charge for the year
-
6,683
6,683
At 31 October 2023
-
26,732
26,732
At 31 October 2023
667,706
6,686
674,392
At 31 October 2022
667,706
13,369
681,075
Amounts falling due within one year
FLO Property Ltd
Notes to the Accounts
for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,000
5,418
Loans from directors
20,089
9,991
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
435,897
441,013
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).