Registered number
13381809
Flicka Tea & Gifts Ltd
Filleted Accounts
31 August 2024
Flicka Tea & Gifts Ltd
Registered number: 13381809
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 42,303 39,787
Current assets
Stocks 18,486 21,716
Cash at bank and in hand 15,761 5,104
34,247 26,820
Creditors: amounts falling due within one year 4 (76,549) (66,606)
Net current liabilities (42,302) (39,786)
Net assets 1 1
Capital and reserves
Called up share capital 1 1
Shareholder's funds 1 1
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Judy Giles
Director
Approved by the board on 20 March 2025
Flicka Tea & Gifts Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Basis of Consolidation
These financial statements are prepared for the company alone and are not consolidated. The results of the company are consolidated into the group accounts of The Flicka Foundation, which are prepared in accordance with FRS 102 and the Charities SORP.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings Not depreciated
Equipment Fixtures & Fittings 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 6
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 September 2023 31,178 4,500 5,417 41,095
Additions 7,750 - - 7,750
Disposals - - (5,417) (5,417)
At 31 August 2024 38,928 4,500 - 43,428
Depreciation
At 1 September 2023 - - 1,308 1,308
Charge for the year - 1,125 - 1,125
On disposals - - (1,308) (1,308)
At 31 August 2024 - 1,125 - 1,125
Net book value
At 31 August 2024 38,928 3,375 - 42,303
At 31 August 2023 31,178 4,500 4,109 39,787
4 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts due to parent undertaking 64,396 58,102
Trade creditors 2,936 1,643
Taxation and social security costs 9,006 6,660
Other creditors 211 201
76,549 66,606
5 Related party transactions
The company is a wholly owned subsidiary of The Flicka Foundation, a registered charity. During the year, the company donated £21,943 of its profits to the parent charity under Gift Aid (2023: £26,083). At the year-end, £64,396 was owed to the parent undertaking (2023: £58,102), relating to funds advanced and unpaid Gift Aid. No remuneration was paid to directors (who are also trustees of the parent charity).
6 Controlling party
The company is a wholly owned subsidiary of The Flicka Foundation, a charity registered in England and Wales (charity number: 1153858). The ultimate controlling party is The Flicka Foundation by virtue of its ownership of the entire issued share capital of the company.
7 Other information
Flicka Tea & Gifts Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Penty Noweth Farm
Trenoweth Lane
Mabe Burnthouse
Penryn
TR10 9JB
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