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REGISTERED NUMBER: 07951772 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

Flint Owl Limited

Flint Owl Limited (Registered number: 07951772)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Flint Owl Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: D M Bland





REGISTERED OFFICE: Unit 1
The Old Dairy
Glynde
East Sussex
BN8 6SJ





REGISTERED NUMBER: 07951772 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

Flint Owl Limited (Registered number: 07951772)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 193,582 211,767

CURRENT ASSETS
Stocks 46,830 44,690
Debtors 5 184,800 116,793
Cash at bank and in hand 273,389 304,222
505,019 465,705
CREDITORS
Amounts falling due within one year 6 224,545 179,339
NET CURRENT ASSETS 280,474 286,366
TOTAL ASSETS LESS CURRENT
LIABILITIES

474,056

498,133

CREDITORS
Amounts falling due after more than one
year

7

(12,506

)

(22,445

)

PROVISIONS FOR LIABILITIES (36,780 ) (40,236 )
NET ASSETS 424,770 435,452

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 424,670 435,352
SHAREHOLDERS' FUNDS 424,770 435,452

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.

Flint Owl Limited (Registered number: 07951772)

Balance Sheet - continued
29 February 2024


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 28 November 2024 and were signed by:





D M Bland - Director


Flint Owl Limited (Registered number: 07951772)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Flint Owl Limited 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Short leasehold - 20% on reducing balance
Website development - 20% on reducing balance
Fixtures, fittings & equipment - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 49 (2023 - 54 ) .

Flint Owl Limited (Registered number: 07951772)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures,
Short Website fittings
leasehold development & equipment
£    £    £   
COST
At 1 March 2023 180,004 21,012 211,411
Additions - - 26,288
At 29 February 2024 180,004 21,012 237,699
DEPRECIATION
At 1 March 2023 95,759 9,907 129,924
Charge for year 16,849 2,221 19,535
At 29 February 2024 112,608 12,128 149,459
NET BOOK VALUE
At 29 February 2024 67,396 8,884 88,240
At 28 February 2023 84,245 11,105 81,487

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 103,835 17,346 533,608
Additions - 1,277 27,565
At 29 February 2024 103,835 18,623 561,173
DEPRECIATION
At 1 March 2023 77,354 8,897 321,841
Charge for year 5,296 1,849 45,750
At 29 February 2024 82,650 10,746 367,591
NET BOOK VALUE
At 29 February 2024 21,185 7,877 193,582
At 28 February 2023 26,481 8,449 211,767

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 44,429 40,720
Other debtors 140,371 76,073
184,800 116,793

Flint Owl Limited (Registered number: 07951772)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,648 10,600
Trade creditors 109,429 86,646
Taxation and social security 45,681 47,195
Other creditors 58,787 34,898
224,545 179,339

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 12,506 22,445