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REGISTERED NUMBER: 02201182 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CLASSIFLORA IMPORTS LIMITED

CLASSIFLORA IMPORTS LIMITED (REGISTERED NUMBER: 02201182)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLASSIFLORA IMPORTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: R Castiglioni
C H Peler





SECRETARY: V B Castiglioni





REGISTERED OFFICE: Heathfield Nursery
Galley Hill
Waltham Abbey
EN9 2AG





REGISTERED NUMBER: 02201182 (England and Wales)





ACCOUNTANTS: Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

CLASSIFLORA IMPORTS LIMITED (REGISTERED NUMBER: 02201182)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 336,520 404,613

CURRENT ASSETS
Stocks 365,748 307,435
Debtors 5 561,019 758,101
Cash at bank 2,179 7,891
928,946 1,073,427
CREDITORS
Amounts falling due within one year 6 892,010 964,439
NET CURRENT ASSETS 36,936 108,988
TOTAL ASSETS LESS CURRENT
LIABILITIES

373,456

513,601

CREDITORS
Amounts falling due after more than
one year

7

(50,639

)

(96,287

)

PROVISIONS FOR LIABILITIES (19,723 ) (26,714 )
NET ASSETS 303,094 390,600

CAPITAL AND RESERVES
Called up share capital 244,000 244,000
Share premium 125,000 125,000
Retained earnings (65,906 ) 21,600
SHAREHOLDERS' FUNDS 303,094 390,600

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

CLASSIFLORA IMPORTS LIMITED (REGISTERED NUMBER: 02201182)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:





R Castiglioni - Director


CLASSIFLORA IMPORTS LIMITED (REGISTERED NUMBER: 02201182)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Classiflora Imports 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - Straight line over 15 years
Improvements to property - 5% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance and 15% on reducing balance
Motor vehicles - 25% 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 Statement of Income and Retained Earnings, 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.

CLASSIFLORA IMPORTS LIMITED (REGISTERED NUMBER: 02201182)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Foreign currencies
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 January 2024 812,202 19,577 209,678
Additions - - 10,381
At 31 December 2024 812,202 19,577 220,059
DEPRECIATION
At 1 January 2024 629,127 15,394 129,714
Charge for year 32,488 299 13,549
At 31 December 2024 661,615 15,693 143,263
NET BOOK VALUE
At 31 December 2024 150,587 3,884 76,796
At 31 December 2023 183,075 4,183 79,964

CLASSIFLORA IMPORTS LIMITED (REGISTERED NUMBER: 02201182)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2024 134,350 513,405 1,689,212
Additions - - 10,381
At 31 December 2024 134,350 513,405 1,699,593
DEPRECIATION
At 1 January 2024 114,301 396,063 1,284,599
Charge for year 2,802 29,336 78,474
At 31 December 2024 117,103 425,399 1,363,073
NET BOOK VALUE
At 31 December 2024 17,247 88,006 336,520
At 31 December 2023 20,049 117,342 404,613

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 50,700 11,205 318,989 380,894
DEPRECIATION
At 1 January 2024
and 31 December 2024 35,355 10,947 223,346 269,648
NET BOOK VALUE
At 31 December 2024 15,345 258 95,643 111,246
At 31 December 2023 15,345 258 95,643 111,246

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,533 221,684
Other debtors 530,486 536,417
561,019 758,101

CLASSIFLORA IMPORTS LIMITED (REGISTERED NUMBER: 02201182)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 543,202 489,833
Hire purchase contracts 42,505 42,505
Trade creditors 250,273 360,772
Taxation and social security 39,260 24,261
Other creditors 16,770 47,068
892,010 964,439

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 3,507 14,203
Hire purchase contracts 47,132 82,084
50,639 96,287

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 532,554 479,662
Bank loans 14,155 24,374
546,709 504,036

The bank facilities are secured by a fixed and floating charge over all assets of the company dated 10/9/15