Acorah Software Products - Accounts Production 16.3.350 false true false 1 November 2023 31 October 2024 31 October 2024 04772095 Miss Alison Penno Ms Patricia Penno Miss Alison Penno iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04772095 2023-10-31 04772095 2024-10-31 04772095 2023-11-01 2024-10-31 04772095 frs-core:CurrentFinancialInstruments 2024-10-31 04772095 frs-core:Non-currentFinancialInstruments 2024-10-31 04772095 frs-core:FurnitureFittings 2023-11-01 2024-10-31 04772095 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 04772095 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 04772095 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04772095 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 04772095 frs-core:MotorVehicles 2023-11-01 2024-10-31 04772095 frs-core:PlantMachinery 2024-10-31 04772095 frs-core:PlantMachinery 2023-11-01 2024-10-31 04772095 frs-core:PlantMachinery 2023-10-31 04772095 frs-core:ShareCapital 2024-10-31 04772095 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 04772095 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04772095 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 04772095 frs-bus:SmallEntities 2023-11-01 2024-10-31 04772095 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 04772095 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 04772095 frs-bus:Director1 2023-11-01 2024-10-31 04772095 frs-bus:Director2 2023-11-01 2024-10-31 04772095 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 04772095 frs-countries:EnglandWales 2023-11-01 2024-10-31
Registered number: 04772095
Flower Scene (Launceston) Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Countryside Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04772095
2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 56,120
56,120
CURRENT ASSETS
Stocks 5 1,000
Debtors 6 2,486
Cash at bank and in hand 168
3,654
Creditors: Amounts Falling Due Within One Year 7 (28,913 )
NET CURRENT ASSETS (LIABILITIES) (25,259 )
TOTAL ASSETS LESS CURRENT LIABILITIES 30,861
Creditors: Amounts Falling Due After More Than One Year 8 (4,212 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (47 )
NET ASSETS 26,602
CAPITAL AND RESERVES
Called up share capital 9 100
Profit and Loss Account 26,502
SHAREHOLDERS' FUNDS 26,602
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For the year ending 31 October 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Alison Penno
Director
05/06/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Flower Scene (Launceston) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04772095 . The registered office is Penquite House, 2 Roydon Road, Launceston, Cornwall, PL15 8DW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Land and Property Freehold - At Historical Cost (Showroom - See Note 10)
Plant & Machinery Depreciation Policy - 25% Reducing Balance (Includes Motor Vehicles and Furniture and Equipment) and Computer Equipment - 25% on Cost. Plant & Machinery shown at Written Down Value.
Freehold 55312
Leasehold 0
Plant & Machinery 808
Motor Vehicles 0
Fixtures & Fittings 0
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4
4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 November 2023 55,312 14,393 69,705
As at 31 October 2024 55,312 14,393 69,705
Depreciation
As at 1 November 2023 - 13,316 13,316
Provided during the period - 269 269
As at 31 October 2024 - 13,585 13,585
Net Book Value
As at 31 October 2024 55,312 808 56,120
As at 1 November 2023 55,312 1,077 56,389
5. Stocks
2024
£
Stock 1,000
6. Debtors
2024
£
Due within one year
Other debtors 650
Due after more than one year
Other debtors 1,836
2,486
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7. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 967
Bank loans and overdrafts 7,179
Other creditors 17,688
Taxation and social security 3,079
28,913
8. Creditors: Amounts Falling Due After More Than One Year
2024
£
Bank loans 4,212
9. Share Capital
2024
£
Allotted, Called up and fully paid 100
10. Land & Property Freehold
A Showroom (encompassing a Meeting Place) has been built on the land owned by the Directors and Shareholders (one and the same persons) solely for use by the Company in its trading operations. The proprietors of the land, upon which this building is located, are not desirous of charging rent. This Showroom is shown at cost on the Balance Sheet under the heading Land & Property Freehold.
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