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REGISTERED NUMBER: 04700590 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

THE FLORAL COMPANY UK LIMITED

THE FLORAL COMPANY UK LIMITED (REGISTERED NUMBER: 04700590)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE FLORAL COMPANY UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: K P Ashbourne
Mrs M R Ashbourne
Mrs J H Bates





REGISTERED OFFICE: Ruckley Estate Office
Ruckley Estate
Shifnal
Shropshire
TF11 8PQ





REGISTERED NUMBER: 04700590 (England and Wales)





ACCOUNTANTS: Martin and Company
Two Brewers House
50 North Street
Thame
Oxfordshire
OX9 3BH

THE FLORAL COMPANY UK LIMITED (REGISTERED NUMBER: 04700590)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 28,871 34,447
28,871 34,447

CURRENT ASSETS
Stocks 688,000 700,000
Debtors 6 156,031 110,791
Cash at bank and in hand 3,747 18,118
847,778 828,909
CREDITORS
Amounts falling due within one year 7 2,247,503 385,778
NET CURRENT (LIABILITIES)/ASSETS (1,399,725 ) 443,131
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,370,854

)

477,578

CREDITORS
Amounts falling due after more than one
year

8

2,824,080

4,477,218
NET LIABILITIES (4,194,934 ) (3,999,640 )

CAPITAL AND RESERVES
Called up share capital 10 10
Share premium 14,991 14,991
Other reserves 1,399,326 1,399,326
Retained earnings (5,609,261 ) (5,413,967 )
(4,194,934 ) (3,999,640 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

THE FLORAL COMPANY UK LIMITED (REGISTERED NUMBER: 04700590)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by:





K P Ashbourne - Director


THE FLORAL COMPANY UK LIMITED (REGISTERED NUMBER: 04700590)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

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

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill arose on the purchase of the Flower & Giftware business of K P Ashbourne and is being amortised over 20 years. In the opinion of the directors, this represents a prudent estimate of the period over which the company will derive direct economic benefit from the products acquired as part of that business.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

THE FLORAL COMPANY UK LIMITED (REGISTERED NUMBER: 04700590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 600,000
AMORTISATION
At 1 October 2023
and 30 September 2024 600,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 927,407
Additions 2,021
Disposals (73,027 )
At 30 September 2024 856,401
DEPRECIATION
At 1 October 2023 892,960
Charge for year 5,290
Eliminated on disposal (70,720 )
At 30 September 2024 827,530
NET BOOK VALUE
At 30 September 2024 28,871
At 30 September 2023 34,447

THE FLORAL COMPANY UK LIMITED (REGISTERED NUMBER: 04700590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 114,965 110,791
Other debtors 41,066 -
156,031 110,791

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 1,960,311 10,056
Trade creditors 228,803 238,524
Taxation and social security 31,210 18,129
Other creditors 27,179 119,069
2,247,503 385,778

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Other creditors 2,824,080 4,477,218