29 27 Flowervision East Anglia Ltd 05708411 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is wholesale florists. Digita Accounts Production Advanced 6.30.9574.0 true 05708411 2024-01-01 2024-12-31 05708411 2024-12-31 05708411 bus:OrdinaryShareClass1 2024-12-31 05708411 bus:OrdinaryShareClass2 2024-12-31 05708411 bus:OrdinaryShareClass3 2024-12-31 05708411 bus:OrdinaryShareClass4 2024-12-31 05708411 core:CurrentFinancialInstruments 2024-12-31 05708411 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 05708411 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 05708411 core:Goodwill 2024-12-31 05708411 core:OtherResidualIntangibleAssets 2024-12-31 05708411 core:FurnitureFittings 2024-12-31 05708411 core:LandBuildings core:LongLeaseholdAssets 2024-12-31 05708411 core:MotorVehicles 2024-12-31 05708411 core:PlantMachinery 2024-12-31 05708411 bus:SmallEntities 2024-01-01 2024-12-31 05708411 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 05708411 bus:FilletedAccounts 2024-01-01 2024-12-31 05708411 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05708411 bus:RegisteredOffice 2024-01-01 2024-12-31 05708411 bus:CompanySecretaryDirector1 2024-01-01 2024-12-31 05708411 bus:Director1 2024-01-01 2024-12-31 05708411 bus:Director2 2024-01-01 2024-12-31 05708411 bus:Director5 2024-01-01 2024-12-31 05708411 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 05708411 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 05708411 bus:OrdinaryShareClass3 2024-01-01 2024-12-31 05708411 bus:OrdinaryShareClass4 2024-01-01 2024-12-31 05708411 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05708411 bus:Agent1 2024-01-01 2024-12-31 05708411 core:ComputerSoftware 2024-01-01 2024-12-31 05708411 core:Goodwill 2024-01-01 2024-12-31 05708411 core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 05708411 core:FurnitureFittings 2024-01-01 2024-12-31 05708411 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 05708411 core:LandBuildings 2024-01-01 2024-12-31 05708411 core:LandBuildings core:LongLeaseholdAssets 2024-01-01 2024-12-31 05708411 core:MotorCars 2024-01-01 2024-12-31 05708411 core:MotorVehicles 2024-01-01 2024-12-31 05708411 core:PlantMachinery 2024-01-01 2024-12-31 05708411 core:OtherRelatedParties 2024-01-01 2024-12-31 05708411 countries:England 2024-01-01 2024-12-31 05708411 2023-12-31 05708411 core:Goodwill 2023-12-31 05708411 core:OtherResidualIntangibleAssets 2023-12-31 05708411 core:FurnitureFittings 2023-12-31 05708411 core:LandBuildings core:LongLeaseholdAssets 2023-12-31 05708411 core:MotorVehicles 2023-12-31 05708411 core:PlantMachinery 2023-12-31 05708411 2023-01-01 2023-12-31 05708411 2023-12-31 05708411 bus:OrdinaryShareClass1 2023-12-31 05708411 bus:OrdinaryShareClass2 2023-12-31 05708411 bus:OrdinaryShareClass3 2023-12-31 05708411 bus:OrdinaryShareClass4 2023-12-31 05708411 core:CurrentFinancialInstruments 2023-12-31 05708411 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 05708411 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 05708411 core:Goodwill 2023-12-31 05708411 core:OtherResidualIntangibleAssets 2023-12-31 05708411 core:FurnitureFittings 2023-12-31 05708411 core:LandBuildings core:LongLeaseholdAssets 2023-12-31 05708411 core:MotorVehicles 2023-12-31 05708411 core:PlantMachinery 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 05708411

Flowervision East Anglia Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Flowervision East Anglia Ltd

Contents

Company Information

1

Statement of financial position

2 to 3

Notes to the Unaudited Financial Statements

4 to 12

 

Flowervision East Anglia Ltd

Company Information

Directors

Mr D Minns

G P D Mooij

T D Mooij

Mr N Waddell

Company secretary

T D Mooij

Registered office

29/32 Francis Way
Bowthorpe
Norwich
Norfolk
NR5 9JA

Accountants

Hayhow & Co
Chartered Certified Accountants & Business Advisers19 King Street
King's Lynn
Norfolk
PE30 1HB

 

Flowervision East Anglia Ltd

(Registration number: 05708411)
Statement of financial position as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

10,683

11,703

Tangible assets

5

155,541

150,236

 

166,224

161,939

Current assets

 

Stocks

6

195,069

204,733

Debtors

7

1,525,949

968,539

Cash at bank and in hand

 

871,021

1,305,260

 

2,592,039

2,478,532

Creditors: Amounts falling due within one year

8

(876,794)

(1,005,157)

Net current assets

 

1,715,245

1,473,375

Total assets less current liabilities

 

1,881,469

1,635,314

Creditors: Amounts falling due after more than one year

8

(192,213)

(142,925)

Provisions for liabilities

(23,878)

(21,198)

Net assets

 

1,665,378

1,471,191

Capital and reserves

 

Called up share capital

9

5

5

Retained earnings

1,665,373

1,471,186

Shareholders' funds

 

1,665,378

1,471,191

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of comprehensive income.

Approved and authorised by the Board on 11 March 2025 and signed on its behalf by:
 

 

Flowervision East Anglia Ltd

(Registration number: 05708411)
Statement of financial position as at 31 December 2024

.........................................
Mr D Minns
Director

 

Flowervision East Anglia Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
29/32 Francis Way
Bowthorpe
Norwich
Norfolk
NR5 9JA

These financial statements were authorised for issue by the Board on 11 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Flowervision East Anglia Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Long Leasehold Improvements

4% straight line

Plant & Machinery

20% reducing balance

Fixtures, fittings and equipment

30% reducing balance

Motor Vehicles

50% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Fully amortised

Webshop

10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Flowervision East Anglia Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the statement of comprehensive income and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

Flowervision East Anglia Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 29 (2023 - 27).

 

Flowervision East Anglia Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Intangible assets

Goodwill
 £

Webshop
 £

Total
£

Cost or valuation

At 1 January 2024

45,000

23,914

68,914

At 31 December 2024

45,000

23,914

68,914

Amortisation

At 1 January 2024

45,000

12,211

57,211

Amortisation charge

-

1,020

1,020

At 31 December 2024

45,000

13,231

58,231

Carrying amount

At 31 December 2024

-

10,683

10,683

At 31 December 2023

-

11,703

11,703

5

Tangible assets

Long leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Cost or valuation

At 1 January 2024

60,031

127,594

77,171

401,004

Additions

-

-

-

110,287

Disposals

-

-

-

(24,502)

At 31 December 2024

60,031

127,594

77,171

486,789

Depreciation

At 1 January 2024

13,518

113,719

64,941

323,386

Charge for the year

2,253

5,565

2,446

93,187

Eliminated on disposal

-

-

-

(22,971)

At 31 December 2024

15,771

119,284

67,387

393,602

Carrying amount

At 31 December 2024

44,260

8,310

9,784

93,187

At 31 December 2023

46,513

13,875

12,230

77,618

 

Flowervision East Anglia Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Total
£

Cost or valuation

At 1 January 2024

665,800

Additions

110,287

Disposals

(24,502)

At 31 December 2024

751,585

Depreciation

At 1 January 2024

515,564

Charge for the year

103,451

Eliminated on disposal

(22,971)

At 31 December 2024

596,044

Carrying amount

At 31 December 2024

155,541

At 31 December 2023

150,236


Obligations under hire purchase

Included within the carrying value of tangible assets are the following amounts relating to assets held under hire purchase agreements;

Motor Vehicles £37,608 (2023: £Nil)

6

Stocks

2024
£

2023
£

Finished goods and goods for resale

195,069

204,733

7

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

325,547

405,812

Amounts owed by related parties

10

1,020,967

366,967

Prepayments

 

89,824

89,560

Other debtors

 

89,611

106,200

   

1,525,949

968,539

 

Flowervision East Anglia Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

22,804

-

Trade creditors

 

86,418

188,103

Amounts due to related parties

10

336,887

385,887

Social security and other taxes

 

136,544

106,859

Accruals

 

1,850

1,760

Tax liability

233,291

263,548

Dividends payable

59,000

59,000

 

876,794

1,005,157

Due after one year

 

Loans and borrowings

49,288

-

Other non-current financial liabilities

 

142,925

142,925

 

192,213

142,925

Creditors include net obligations under hire purchase contracts which are secured of £22,804 (2023 - £Nil).

Creditors falling due after more than one year include net obligations under hire purchase contracts which are secured of £49,288 (2023 - £Nil).

 

Flowervision East Anglia Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A Shares of £1 each

2

2

2

2

Ordinary B Shares of £1 each

1

1

1

1

Ordinary C Shares of £1 each

1

1

1

1

Ordinary D Shares of £1 each

1

1

1

1

5

5

5

5

Each share is entitled to one vote in any circumstances and each share is also entitled pari passu to dividend payments or any other distribution, including a distribution arising from a winding up of the company.

 

Flowervision East Anglia Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

10

Related party transactions

Summary of transactions with other related parties

Van Duyvenvoorde were paid £4,918,179 (2023: 5,041,343) for purchases, £568,861 (2023: £556,086) for freight, and £48,678 (2023: £44,118) for computer expenses in the year. De Mooij Flower Export BV were paid £49,200 in the year for management charges (2023: £49,200). Van Duyvenvoorde were owed £171,098 (2023 : £171,098) at the end of the year, shown in creditors due within one year, and De Mooij Flower Export BV were owed £142,925 (2023: £142,925) which is shown within loans due after one year. T De Mooij and G De Mooij are also directors of De Mooij Flower Export BV, a company registered in Holland.

The company were owed £1,020,967 (2023: £366,967) from Property Vision (Norwich) Ltd at the year end, shown in debtors due within one year. Property Vision (Norwich) Ltd have the same shareholders and directors as Flowervision East Anglia Ltd.