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REGISTERED NUMBER: 06497403 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

FLORA MOTOR HIRE LIMITED

FLORA MOTOR HIRE LIMITED (REGISTERED NUMBER: 06497403)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


FLORA MOTOR HIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







Director: G S Flora





Registered office: 337 Lichfield Road
Aston
Birmingham
B6 7ST





Registered number: 06497403 (England and Wales)





Accountants: Athos Business Solutions Limited
1623 Warwick Road
Knowle
Solihull
West Midlands
B93 9LF

FLORA MOTOR HIRE LIMITED (REGISTERED NUMBER: 06497403)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 318,793 380,951
Investment property 6 1,100,000 1,053,188
1,418,793 1,434,139

CURRENT ASSETS
Debtors 7 64,608 195,137
Cash at bank and in hand 150,454 24,100
215,062 219,237
CREDITORS
Amounts falling due within one year 8 492,327 815,854
NET CURRENT LIABILITIES (277,265 ) (596,617 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,141,528

837,522

CREDITORS
Amounts falling due after more than one
year

9

(313,656

)

(23,984

)

PROVISIONS FOR LIABILITIES (60,570 ) (72,383 )
NET ASSETS 767,302 741,155

FLORA MOTOR HIRE LIMITED (REGISTERED NUMBER: 06497403)

BALANCE SHEET - continued
30 APRIL 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 10 46,812 -
Retained earnings 720,489 741,154
767,302 741,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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:





G S Flora - Director


FLORA MOTOR HIRE LIMITED (REGISTERED NUMBER: 06497403)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Flora Motor Hire 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures & Fittings - 15% on reducing balance
Motor vehicles - 15% on cost
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


FLORA MOTOR HIRE LIMITED (REGISTERED NUMBER: 06497403)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 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 year 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.

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 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 May 2023
and 30 April 2024 9,500
Amortisation
At 1 May 2023
and 30 April 2024 9,500
Net book value
At 30 April 2024 -
At 30 April 2023 -

FLORA MOTOR HIRE LIMITED (REGISTERED NUMBER: 06497403)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. TANGIBLE FIXED ASSETS
Plant and Fixtures Motor Computer
machinery & Fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 May 2023 - 41,334 790,799 3,154 835,287
Additions 2,950 - 96,550 - 99,500
Disposals - - (114,375 ) - (114,375 )
At 30 April 2024 2,950 41,334 772,974 3,154 820,412
Depreciation
At 1 May 2023 - 12,018 440,003 2,315 454,336
Charge for year 443 4,397 100,356 667 105,863
Eliminated on disposal - - (58,580 ) - (58,580 )
At 30 April 2024 443 16,415 481,779 2,982 501,619
Net book value
At 30 April 2024 2,507 24,919 291,195 172 318,793
At 30 April 2023 - 29,316 350,796 839 380,951

6. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 May 2023 1,053,188
Revaluations 46,812
At 30 April 2024 1,100,000
Net book value
At 30 April 2024 1,100,000
At 30 April 2023 1,053,188

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 46,812
Cost 1,053,188
1,100,000

FLORA MOTOR HIRE LIMITED (REGISTERED NUMBER: 06497403)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 32,509 34,384
Other debtors 32,099 160,753
64,608 195,137

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 36,946 8,333
Trade creditors 4,626 12,088
Taxation and social security 26,246 48,965
Other creditors 424,509 746,468
492,327 815,854

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 313,656 23,984

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 185,157 -

10. RESERVES
Fair
value
reserve
£   
Fair value reserve 46,812

At 30 April 2024 46,812