FLOWER DESIGN LIMITED


Directors	ATKINSON, Gail
	ATKINSON, George


Registered Address	Flower Design Studio
	Thornley Gardens
	Rowlands Gill
	NE39 1AJ


Registered Number	06957398 (England and Wales)

Balance Sheet as at
31 July 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	4		18,435		18,836
			18,435		18,836
Current assets
Stocks	5	2,087		3,023
Debtors	6	334		797
Cash at bank and on hand		291		755
		2,712		4,575
Creditors amounts falling due within one year	7	(85,614)		(81,199)
Net current assets (liabilities)			(82,902)		(76,624)
Total assets less current liabilities			(64,467)		(57,788)
Creditors amounts falling due after one year	8		(6,707)		(8,373)
Net assets			(71,174)		(66,161)
Capital and reserves
Called up share capital			3		3
Profit and loss account			(71,177)		(66,164)
Shareholders' funds			(71,174)		(66,161)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 19 March 2025, and are signed on its behalf by:

ATKINSON, Gail
Director

ATKINSON, George
Director

Registered Company No. 06957398

FLOWER DESIGN LIMITED

Notes to the Financial Statements
for the year ended 31 July 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Land and buildings	50

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	4		4

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 August 23	33,000	33,000
At 31 July 24	33,000	33,000
Amortisation and impairment
At 01 August 23	33,000	33,000
At 31 July 24	33,000	33,000
Net book value
At 31 July 24	-	-
At 31 July 23	-	-

4.	Tangible fixed assets

	Land & buildings	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 August 23	20,038	10,910	2,983	33,931
At 31 July 24	20,038	10,910	2,983	33,931
Depreciation and impairment
At 01 August 23	1,202	10,910	2,983	15,095
Charge for year	401	-	-	401
At 31 July 24	1,603	10,910	2,983	15,496
Net book value
At 31 July 24	18,435	-	-	18,435
At 31 July 23	18,836	-	-	18,836

5.	Stocks

	2024	2023
	£	£
Finished goods	2,087	3,023
Total	2,087	3,023

6.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	-	797
Other debtors	334	-
Total	334	797

7.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	3,181	4,403
Bank borrowings and overdrafts	3,960	4,722
Amounts owed to related parties	76,087	69,748
Taxation and social security	1,936	1,876
Accrued liabilities and deferred income	450	450
Total	85,614	81,199

8.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	6,707	8,373
Total	6,707	8,373