Registered number
09815000
Iris Florist Ltd
Filleted Accounts
31 October 2024
Iris Florist Ltd
Registered number: 09815000
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,701 6,953
Current assets
Stocks 3,330 1,910
Debtors 4 5,924 9,453
Cash at bank and in hand 4,603 5,119
13,857 16,482
Creditors: amounts falling due within one year 5 (13,196) (8,965)
Net current assets 661 7,517
Total assets less current liabilities 6,362 14,470
Creditors: amounts falling due after more than one year 6 (1,715) (5,507)
Net assets 4,647 8,963
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,547 8,863
Shareholder's funds 4,647 8,963
The director is 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 director acknowledges her 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.
Mrs Perihan Mehmet
Director
Approved by the board on 9 July 2025
Iris Florist Ltd
Notes to the Accounts
for the year ended 31 October 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).
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, Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit. Corporation tax liability is not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 11,000
At 31 October 2024 11,000
Depreciation
At 1 November 2023 4,047
Charge for the year 1,252
At 31 October 2024 5,299
Net book value
At 31 October 2024 5,701
At 31 October 2023 6,953
4 Debtors 2024 2023
£ £
Prepayments & other debtors 5,924 9,453
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bounce back loan ( current liability) 4,152 4,362
Corporation tax 161 1,742
Other taxes and social security costs 2,685 1,533
Accrued expenses 6,198 1,328
13,196 8,965
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bounce back loan ( non-current liability) 1,715 5,507
7 Other information
Iris Florist Ltd is a private company limited by shares and incorporated in England. Its registered office is:
323 Brockley Road
London
SE4 2QZ
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