Company Registration No. 01363243 (England and Wales)
Flourishbest Limited
Unaudited accounts
for the year ended 29 October 2024
Flourishbest Limited
Unaudited accounts
Contents
Flourishbest Limited
Company Information
for the year ended 29 October 2024
Director
Robert Clive Patmore
Company Number
01363243 (England and Wales)
Registered Office
2nd Floor 43-45 High Road
Bushey Heath
England
WD23 1EE
Accountants
Charterwells
Suite 8, 2nd Floor
43-45 High Road
Bushey Heath
WD23 1EE
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Flourishbest Limited for the year ended 29 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Flourishbest Limited for the year ended
29 October 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Charterwells
Chartered Accountants
Suite 8, 2nd Floor
43-45 High Road
Bushey Heath
WD23 1EE
23 July 2025
Flourishbest Limited
Statement of financial position
as at 29 October 2024
Tangible assets
22,792
30,389
Investment property
2,847,428
2,847,428
Debtors
1,002,575
1,003,953
Investments
143,000
143,000
Cash at bank and in hand
568,283
507,310
Creditors: amounts falling due within one year
(365,321)
(398,541)
Net current assets
1,348,537
1,255,722
Net assets
4,218,757
4,133,539
Called up share capital
100
100
Revaluation reserve
1,189,752
1,189,752
Profit and loss account
3,028,905
2,943,687
Shareholders' funds
4,218,757
4,133,539
For the year ending 29 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 July 2025 and were signed on its behalf by
Robert Clive Patmore
Director
Company Registration No. 01363243
Flourishbest Limited
Notes to the Accounts
for the year ended 29 October 2024
Flourishbest Limited is a private company, limited by shares, registered in England and Wales, registration number 01363243. The registered office is 2nd Floor 43-45 High Road, Bushey Heath, England, WD23 1EE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% NBV
Computer equipment
25% NBV
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Flourishbest Limited
Notes to the Accounts
for the year ended 29 October 2024
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 30 October 2023
55,045
184,970
17,921
750
258,686
At 29 October 2024
55,045
184,970
17,921
750
258,686
At 30 October 2023
55,033
155,193
17,332
739
228,297
Charge for the year
3
7,444
147
3
7,597
At 29 October 2024
55,036
162,637
17,479
742
235,894
At 29 October 2024
9
22,333
442
8
22,792
At 29 October 2023
12
29,777
589
11
30,389
Fair value at 30 October 2023
2,847,428
At 29 October 2024
2,847,428
Amounts falling due within one year
Amounts due from group undertakings etc.
602,575
602,575
Accrued income and prepayments
-
1,378
Amounts falling due after more than one year
Other debtors
400,000
400,000
7
Investments held as current assets
2024
2023
Unlisted investments
143,000
143,000
Flourishbest Limited
Notes to the Accounts
for the year ended 29 October 2024
8
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
9,905
9,905
Taxes and social security
6,712
5,309
Loans from directors
346,904
381,527
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).