REGISTERED NUMBER: |
The Flour Room Limited |
Unaudited Financial Statements |
for the period |
31st May 2023 to 30th April 2024 |
REGISTERED NUMBER: |
The Flour Room Limited |
Unaudited Financial Statements |
for the period |
31st May 2023 to 30th April 2024 |
The Flour Room Limited (Registered number: 13406986) |
Contents of the Financial Statements |
for the period 31st May 2023 to 30th April 2024 |
Page |
Company information | 1 |
Balance sheet | 2 |
Notes to the financial statements | 3 | to | 5 |
The Flour Room Limited |
Company Information |
for the period 31st May 2023 to 30th April 2024 |
Directors: |
Registered office: |
Business address: |
Registered number: |
Accountants: |
Academy House |
Shedden Park Road |
Kelso |
Roxburghshire |
TD5 7AL |
The Flour Room Limited (Registered number: 13406986) |
Balance Sheet |
30th April 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Debtors | 5 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 6 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Provisions for liabilities |
Net assets |
Capital and reserves |
Called up share capital |
Retained earnings |
Shareholders' funds |
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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
The Flour Room Limited (Registered number: 13406986) |
Notes to the Financial Statements |
for the period 31st May 2023 to 30th April 2024 |
1. | Statutory information |
The Flour Room Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end. |
Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. |
Tangible fixed assets |
Plant and machinery | - |
Office equipment | - |
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. |
Financial instruments |
The following assets and liabilities are classified as financial instruments - trade creditors, accruals and directors' loans. |
Directors' loans (being repayable on demand), accruals and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the statement of income and retained earnings, 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. |
The Flour Room Limited (Registered number: 13406986) |
Notes to the Financial Statements - continued |
for the period 31st May 2023 to 30th April 2024 |
2. | Accounting policies - continued |
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 period 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. |
Provisions |
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis. |
Employee benefits |
Short term employee benefits, including holiday pay, are recognised as an expense in the statement of income and retained earnings in the period in which they are incurred. |
Going concern |
The company ceased trading on 30 April 2024 and is now dormant. |
3. | Employees and directors |
The average number of employees during the period was |
4. | Tangible fixed assets |
Plant and | Office |
machinery | equipment | Totals |
£ | £ | £ |
Cost |
At 31st May 2023 |
and 30th April 2024 |
Depreciation |
At 31st May 2023 |
Charge for period |
At 30th April 2024 |
Net book value |
At 30th April 2024 |
At 30th May 2023 |
5. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Other debtors |
The Flour Room Limited (Registered number: 13406986) |
Notes to the Financial Statements - continued |
for the period 31st May 2023 to 30th April 2024 |
6. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | Directors' advances, credits and guarantees |
The following advances and credits to directors subsisted during the periods ended 30 April 2024 and 30 May 2023: |
2024 | 2023 |
£ | £ |
Director 1 |
Balance outstanding at start of year | - | - |
Amounts advanced | 1,508 | - |
Amounts repaid | - | - |
Balance outstanding at end of year | 1,508 | - |
2024 | 2023 |
£ | £ |
Director 2 |
Balance outstanding at start of year | - | - |
Amounts advanced | 1,343 | - |
Amounts repaid | - | - |
Balance outstanding at end of year | 1,343 | - |
This loan is unsecured and repayable on demand. No interest has been charged as the loans are below the HMRC reporting level. |