Registered number
13296813
J & O Flowers Ltd
Filleted Accounts
31 March 2024
J & O Flowers Ltd
Registered number: 13296813
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Stocks 3,500 1,565
Debtors 3 2,800 1,093
Cash at bank and in hand 5,072 2,643
11,372 5,301
Creditors: amounts falling due within one year 4 (87,767) (41,644)
Net current liabilities (76,395) (36,343)
Total assets less current liabilities (76,395) (36,343)
Creditors: amounts falling due after more than one year 5 (4,733) (14,071)
Net liabilities (81,128) (50,414)
Capital and reserves
Called up share capital 2 2
Profit and loss account (81,130) (50,416)
Shareholders' funds (81,128) (50,414)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs L E Parr
Director
Approved by the board on 31 October 2024
J & O Flowers Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 2
3 Debtors 2024 2023
£ £
Trade debtors 1,355 30
Other debtors 1,445 1,063
2,800 1,093
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 5,058 5,620
Intercompany loan 72,499 34,941
Taxation and social security costs 7,260 -
Other creditors 2,950 1,083
87,767 41,644
5 Creditors: amounts falling due after one year 2024 2023
£ £
Directors loan 4,733 14,071
6 Contingent liabilities
The accounts have been prepared on the going concern basis which is dependent on the continuing financial support of the directors.
7 Controlling party
The company is controlled by the directors.
8 Other information
J & O Flowers Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3 Fairview Court
119-127 Fairview Road
Cheltenham
Glos
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