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Company Registration No. 06857786 (England and Wales)
Funky Floral Design LTD Unaudited accounts for the year ended 31 March 2024
Funky Floral Design LTD Unaudited accounts Contents
Page
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Funky Floral Design LTD Company Information for the year ended 31 March 2024
Director
Alexandra Ross
Company Number
06857786 (England and Wales)
Registered Office
2 Roefield Rochdale OL12 7BG
Accountants
Joy Noakes 3 Crummock Close Little Lever Bolton Lancs BL3 1UG
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Funky Floral Design LTD for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Funky Floral Design LTD for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
This report is made solely to the Board of Directors of Funky Floral Design LTD, as a body, in accordance with the terms of our engagement letter dated 1 June 2017. Our work has been undertaken solely to prepare for your approval the accounts of Funky Floral Design LTD and state those matters that we have agreed to state to the Board of Directors of Funky Floral Design LTD, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Funky Floral Design LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Funky Floral Design LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Funky Floral Design LTD. You consider that Funky Floral Design LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Funky Floral Design LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Joy Noakes Member in Practice 3 Crummock Close Little Lever Bolton Lancs BL3 1UG 15 November 2024
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Funky Floral Design LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
412 
515 
Current assets
Inventories
3,005 
1,505 
Debtors
7,128 
1,290 
Cash at bank and in hand
8,932 
7,888 
19,065 
10,683 
Creditors: amounts falling due within one year
567 
14,139 
Net current assets
19,632 
24,822 
Total assets less current liabilities
20,044 
25,337 
Creditors: amounts falling due after more than one year
(28,931)
(29,968)
Net liabilities
(8,887)
(4,631)
Capital and reserves
Share premium
1 
1 
Profit and loss account
(8,888)
(4,632)
Shareholders' funds
(8,887)
(4,631)
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 December 2024 and were signed on its behalf by
Alexandra Ross Director Company Registration No. 06857786
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Funky Floral Design LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Funky Floral Design LTD is a private company, limited by shares, registered in England and Wales, registration number 06857786. The registered office is 2 Roefield, Rochdale, OL12 7BG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
2,857 
At 31 March 2024
2,857 
Depreciation
At 1 April 2023
2,342 
Charge for the year
103 
At 31 March 2024
2,445 
Net book value
At 31 March 2024
412 
At 31 March 2023
515 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
7,128 
1,290 
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Funky Floral Design LTD Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,000 
4,000 
Trade creditors
4,477 
3,487 
Taxes and social security
482 
- 
Other creditors
- 
576 
Loans from directors
(9,526)
(22,202)
(567)
(14,139)
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
14,899 
14,894 
Other creditors
8,289 
2,000 
Taxes and social security
5,743 
13,074 
28,931 
29,968 
Bounce Back Loan
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Alexandra Ross
Directors Loan
22,202 
- 
12,676 
9,526 
22,202 
- 
12,676 
9,526 
The Loan was repaid in full by the 1st December 2024
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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