Registered number
09981103
FLOWERWAREHOUSE LTD
Filleted Accounts
31 March 2024
FLOWERWAREHOUSE LTD
Registered number: 09981103
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 41,979 51,194
Current assets
Stocks 17,500 15,260
Debtors 4 8,275 8,275
Investments held as current assets 5 68,722 68,722
Cash at bank and in hand 349,314 141,578
443,811 233,835
Creditors: amounts falling due within one year 6 (263,096) (142,923)
Net current assets 180,715 90,912
Total assets less current liabilities 222,694 142,106
Creditors: amounts falling due after more than one year 7 (81,503) (45,892)
Net assets 141,191 96,214
Capital and reserves
Called up share capital 100 100
Profit and loss account 141,091 96,114
Shareholders' funds 141,191 96,214
The director is 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 director acknowledges his 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.
Mr Suleyman Sumen
Director
Approved by the board on 4 September 2024
FLOWERWAREHOUSE 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, @18% per annum (reducing balance method).
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.
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Corporation tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 12
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 April 2023 73,684
At 31 March 2024 73,684
Depreciation
At 1 April 2023 22,490
Charge for the year 9,215
At 31 March 2024 31,705
Net book value
At 31 March 2024 41,979
At 31 March 2023 51,194
4 Debtors 2024 2023
£ £
Prepayments & other debtors 8,275 8,275
5 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 68,722 68,722
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans 10,648 10,648
Trade creditors 127,391 9,060
Taxation and social security costs 95,057 103,215
Other creditors 30,000 20,000
263,096 142,923
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,664 22,542
Other creditors 67,839 23,350
81,503 45,892
8 Other information
FLOWERWAREHOUSE LTD is a private company limited by shares and incorporated in England. Its registered office is:
517a Cambridge Heath Road
London
E2 9BU
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