Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312824643true2023-09-01falseWholesale of flowers and plants44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06677253 2023-09-01 2024-08-31 06677253 2022-09-01 2023-08-31 06677253 2024-08-31 06677253 2023-08-31 06677253 2022-09-01 06677253 c:Director2 2023-09-01 2024-08-31 06677253 d:Buildings d:LongLeaseholdAssets 2023-09-01 2024-08-31 06677253 d:Buildings d:LongLeaseholdAssets 2024-08-31 06677253 d:Buildings d:LongLeaseholdAssets 2023-08-31 06677253 d:PlantMachinery 2023-09-01 2024-08-31 06677253 d:PlantMachinery 2024-08-31 06677253 d:PlantMachinery 2023-08-31 06677253 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 06677253 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 06677253 d:MotorVehicles 2023-09-01 2024-08-31 06677253 d:MotorVehicles 2024-08-31 06677253 d:MotorVehicles 2023-08-31 06677253 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 06677253 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 06677253 d:FurnitureFittings 2023-09-01 2024-08-31 06677253 d:FurnitureFittings 2024-08-31 06677253 d:FurnitureFittings 2023-08-31 06677253 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 06677253 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 06677253 d:OfficeEquipment 2023-09-01 2024-08-31 06677253 d:OfficeEquipment 2024-08-31 06677253 d:OfficeEquipment 2023-08-31 06677253 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 06677253 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 06677253 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 06677253 d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 06677253 d:CurrentFinancialInstruments 2024-08-31 06677253 d:CurrentFinancialInstruments 2023-08-31 06677253 d:Non-currentFinancialInstruments 2024-08-31 06677253 d:Non-currentFinancialInstruments 2023-08-31 06677253 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 06677253 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 06677253 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 06677253 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 06677253 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 06677253 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 06677253 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 06677253 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 06677253 d:ShareCapital 2024-08-31 06677253 d:ShareCapital 2023-08-31 06677253 d:RetainedEarningsAccumulatedLosses 2024-08-31 06677253 d:RetainedEarningsAccumulatedLosses 2023-08-31 06677253 d:AcceleratedTaxDepreciationDeferredTax 2024-08-31 06677253 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 06677253 c:OrdinaryShareClass1 2023-09-01 2024-08-31 06677253 c:OrdinaryShareClass1 2024-08-31 06677253 c:OrdinaryShareClass1 2023-08-31 06677253 c:FRS102 2023-09-01 2024-08-31 06677253 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 06677253 c:FullAccounts 2023-09-01 2024-08-31 06677253 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06677253 d:HirePurchaseContracts d:WithinOneYear 2024-08-31 06677253 d:HirePurchaseContracts d:WithinOneYear 2023-08-31 06677253 6 2023-09-01 2024-08-31 06677253 2 2024-08-31 06677253 2 2023-08-31 06677253 f:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 06677253









TOM BROWN WHOLESALE FLORISTS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
TOM BROWN WHOLESALE FLORISTS LTD
REGISTERED NUMBER: 06677253

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,048,398
1,056,908

Investments
 5 
484,850
484,850

  
1,533,248
1,541,758

Current assets
  

Stocks
 6 
381,416
401,320

Debtors: amounts falling due within one year
 7 
1,330,858
1,097,477

Cash at bank and in hand
 8 
305,965
461,501

  
2,018,239
1,960,298

Creditors: amounts falling due within one year
 9 
(1,551,026)
(1,396,538)

Net current assets
  
 
 
467,213
 
 
563,760

Total assets less current liabilities
  
2,000,461
2,105,518

Creditors: amounts falling due after more than one year
 10 
(13,888)
(69,444)

Provisions for liabilities
  

Deferred tax
 13 
(262,099)
(264,227)

Net assets
  
1,724,474
1,771,847


Capital and reserves
  

Called up share capital 
 14 
4
4

Profit and loss account
  
1,724,470
1,771,843

  
1,724,474
1,771,847


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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.
Page 1

 
TOM BROWN WHOLESALE FLORISTS LTD
REGISTERED NUMBER: 06677253
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024


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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 April 2025.




T Brown
Director

The notes on pages 3 to 13 form part of these financial statements.

Page 2

 
TOM BROWN WHOLESALE FLORISTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Tom Brown Wholesale Florists Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is Unit 30, Chiltonian Industrial Estate, Manor Lane Lee, London, SE12 0TX.
The principal activity of the company during the year has been that of Wholesale of Flowers and Plants.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
TOM BROWN WHOLESALE FLORISTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4

 
TOM BROWN WHOLESALE FLORISTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Land and Buildings
-
18 Years Straight Line
Plant and machinery
-
25% Reducing Balance
Motor vehicles
-
25% Straight Line
Fixtures and fittings
-
25% Reducing Balance
Office equipment
-
25% Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
TOM BROWN WHOLESALE FLORISTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 43 (2023 - 44).

Page 6
 


 
TOM BROWN WHOLESALE FLORISTS LTD


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


4.


Tangible fixed assets






Land and Buildings
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment

£
£
£
£
£



Cost or valuation


At 1 September 2023
508,425
393,679
795,716
139,731
42,071


Additions
-
120,677
156,725
-
5,490


Disposals
-
-
(50,999)
-
-



At 31 August 2024

508,425
514,356
901,442
139,731
47,561



Depreciation


At 1 September 2023
55,692
132,837
491,239
124,913
18,033


Charge for the year on owned assets
28,246
73,201
133,443
3,704
10,989


Charge for the year on financed assets
-
-
15,719
-
-


Disposals
-
-
(24,899)
-
-



At 31 August 2024

83,938
206,038
615,502
128,617
29,022



Net book value



At 31 August 2024
424,487
308,318
285,940
11,114
18,539
Page 7
 
TOM BROWN WHOLESALE FLORISTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

           4.Tangible fixed assets (continued)




At 31 August 2023
452,733
260,842
304,477
14,818
24,038

Total

£



Cost or valuation


At 1 September 2023
1,879,622


Additions
282,892


Disposals
(50,999)



At 31 August 2024

2,111,515



Depreciation


At 1 September 2023
822,714


Charge for the year on owned assets
249,583


Charge for the year on financed assets
15,719


Disposals
(24,899)



At 31 August 2024

1,063,117



Net book value



At 31 August 2024
1,048,398



At 31 August 2023
1,056,908

Page 8

 
TOM BROWN WHOLESALE FLORISTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Fixed asset investments





Investments in subsidiary companies
Other investments other than loans
Total

£
£
£



Cost or valuation


At 1 September 2023
484,800
139,889
624,689



At 31 August 2024

484,800
139,889
624,689



Impairment


At 1 September 2023
-
139,839
139,839



At 31 August 2024

-
139,839
139,839



Net book value



At 31 August 2024
484,800
50
484,850



At 31 August 2023
484,800
50
484,850


6.


Stocks

2024
2023
£
£

Finished goods and goods for resale
381,416
401,320

381,416
401,320


Page 9

 
TOM BROWN WHOLESALE FLORISTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Debtors

2024
2023
£
£


Trade debtors
663,429
413,366

Other debtors
588,615
611,996

Called up share capital not paid
2
2

Prepayments
78,812
72,113

1,330,858
1,097,477



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
305,965
461,501

305,965
461,501



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
55,556
55,556

Trade creditors
833,157
889,339

Corporation tax
94,171
95,236

Other taxation and social security
273,435
94,129

Obligations under finance lease and hire purchase contracts
5,041
7,056

Other creditors
247,966
250,522

Accruals
41,700
4,700

1,551,026
1,396,538


Page 10

 
TOM BROWN WHOLESALE FLORISTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
13,888
69,444

13,888
69,444



11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
55,556
55,556

Amounts falling due 1-2 years

Bank loans
13,888
55,556

Amounts falling due 2-5 years

Bank loans
-
13,888

69,444
125,000



12.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
5,041
7,056

5,041
7,056

Page 11

 
TOM BROWN WHOLESALE FLORISTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

13.


Deferred taxation




2024
2023


£

£






At beginning of year
(264,227)
(204,667)


Charged to profit or loss
2,128
(59,560)



At end of year
(262,099)
(264,227)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(262,099)
(264,227)

(262,099)
(264,227)


14.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



4 (2023 - 4) Ordinary shares of £1.00 each
4
4


Page 12

 
TOM BROWN WHOLESALE FLORISTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


15.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £33,994 (2023: £32,807). The amount payable at the year end was £7,299 (2023: £6,734).


16.


Related party transactions

Included within other debtors due within one year are amounts owed by the directors of £10,130 (2023: £9,160). This balance was repaid in full post year end. 


17.


Controlling party

The directors are the ultimate controlling party of the company by virtue of their shareholdings.

 
Page 13