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Registered number: 12440383
FLOWERS BY BETHANY LIMITED
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12440383
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 45,200 52,900
Tangible Assets 5 14,603 18,657
59,803 71,557
CURRENT ASSETS
Stocks 6 2,450 2,250
Debtors 7 4,547 3,615
Cash at bank and in hand 731 2,910
7,728 8,775
Creditors: Amounts Falling Due Within One Year 8 (102,416 ) (94,504 )
NET CURRENT ASSETS (LIABILITIES) (94,688 ) (85,729 )
TOTAL ASSETS LESS CURRENT LIABILITIES (34,885 ) (14,172 )
Creditors: Amounts Falling Due After More Than One Year 9 (8,276 ) (11,495 )
NET LIABILITIES (43,161 ) (25,667 )
CAPITAL AND RESERVES
Called up share capital 11 1 1
Profit and Loss Account (43,162 ) (25,668 )
SHAREHOLDERS' FUNDS (43,161) (25,667)
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Bethany Byrne
Director
26th November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
FLOWERS BY BETHANY LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 12440383 . The registered office is 65 Manchester Road, Swinton, Manchester, England, M27 5FX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. At the balance sheet date liabilities exceeded assets by £14,172 (2022: £4,362). With the continued support of the Director they believe the company will continue in business for the foreseeable future.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are amortised to the profit and loss account over its estimated economic life of 5 years.
2.6. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% Straight line
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 5)
4 5
4. Intangible Assets
Goodwill Intellectual Property Total
£ £ £
Cost
As at 1 March 2023 74,999 1,001 76,000
As at 29 February 2024 74,999 1,001 76,000
...CONTINUED
Page 3
Page 4
Amortisation
As at 1 March 2023 22,500 600 23,100
Provided during the period 7,500 200 7,700
As at 29 February 2024 30,000 800 30,800
Net Book Value
As at 29 February 2024 44,999 201 45,200
As at 1 March 2023 52,499 401 52,900
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 181 19,950 3,345 2,747 26,223
Additions - - 438 - 438
As at 29 February 2024 181 19,950 3,783 2,747 26,661
Depreciation
As at 1 March 2023 45 3,990 1,516 2,015 7,566
Provided during the period 34 3,192 567 699 4,492
As at 29 February 2024 79 7,182 2,083 2,714 12,058
Net Book Value
As at 29 February 2024 102 12,768 1,700 33 14,603
As at 1 March 2023 136 15,960 1,829 732 18,657
6. Stocks
2024 2023
£ £
Materials 2,450 2,250
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,059 829
Other debtors 2,488 2,488
Other taxes and social security - 298
4,547 3,615
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,350 5,350
Bank loans and overdrafts 6,498 -
Other taxes and social security 420 -
VAT 3,314 1,702
Net wages 1,412 1,550
Pensions payable 33 47
Accruals and deferred income - 67
Director's loan account 85,389 85,788
102,416 94,504
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,276 11,495
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,350 5,350
Later than one year and not later than five years 8,276 11,495
13,626 16,845
13,626 16,845
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5