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Registration number: 14262714

Memory Box Flowers Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 July 2024

 

Memory Box Flowers Ltd

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 8

 

Memory Box Flowers Ltd

(Registration number: 14262714)
Abridged Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

289

-

Current assets

 

Debtors

4

428

65

Cash at bank and in hand

 

174

-

 

602

65

Creditors: Amounts falling due within one year

(15,322)

(5,443)

Net current liabilities

 

(14,720)

(5,378)

Total assets less current liabilities

 

(14,431)

(5,378)

Accruals and deferred income

 

(333)

(333)

Net liabilities

 

(14,764)

(5,711)

Capital and reserves

 

Called up share capital

5

1

1

Retained earnings

(14,765)

(5,712)

Shareholders' deficit

 

(14,764)

(5,711)

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

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 April 2025
 

 

Memory Box Flowers Ltd

(Registration number: 14262714)
Abridged Balance Sheet as at 31 July 2024

.........................................
Mr Nicholas Lee Sykes
Director

 

Memory Box Flowers Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

1

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 abridged 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 abridged 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.

Tangible assets

Tangible assets are stated in the balance sheet 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

Plant and machinery

20% Reducing balance method

Office equipment

33% Straight line basis

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.

 

Memory Box Flowers Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 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.

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.

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.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Memory Box Flowers Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

3

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

Additions

208

187

395

At 31 July 2024

208

187

395

Depreciation

Charge for the year

69

37

106

At 31 July 2024

69

37

106

Carrying amount

At 31 July 2024

139

150

289

4

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       

6

Related party transactions

 

Memory Box Flowers Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

Transactions with the director

2024

At 1 August 2023
£

Advances to director
£

Other payments made to company by director
£

At 31 July 2024
£

Mr Nicholas Lee Sykes

Directors loan account

(5,409)

2,713

(8,057)

(10,753)

2023

At 28 July 2022
£

Advances to director
£

Other payments made to company by director
£

At 31 July 2023
£

Mr Nicholas Lee Sykes

Directors loan account

-

1

(5,410)

(5,409)

 

Memory Box Flowers Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

7

Transition to FRS 102

Balance Sheet at 28 July 2022
 

As originally reported
£

Reclassification
£

Remeasurement
£

As restated
£

Capital and reserves

Total equity

-

-

-

-

 

Memory Box Flowers Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

Balance Sheet at 31 July 2023
 

As originally reported
£

Reclassification
£

Remeasurement
£

As restated
£

Capital and reserves

Total equity

-

-

-

-