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Registration number: 15331717

Flock & Fig Limited
Unaudited Filleted Financial Statements
for the Period from 6 December 2023 to 31 December 2024

Flock & Fig Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Flock & Fig Limited

Company Information

Directors | A I Jackson V J Jackson

Registered office | Kingfisher Court Plaxton Bridge Road Woodmansey Beverley East Yorkshire HU17 0RT

Flock & Fig Limited

(Registration number: 15331717)
Balance Sheet as at 31 December 2024

| Note | 2024 £
Fixed assets |  |
Intangible assets | 4 | 5,000
Current assets |  |
Debtors | 5 | 7,485
Cash at bank and in hand |  | 119
|  | 7,604
Creditors: Amounts falling due within one year | 6 | (14,896)
Net current liabilities |  | (7,292)
Net liabilities |  | (2,292)
Capital and reserves |  |
Called up share capital |  | 2
Retained earnings |  | (2,294)
Shareholders' deficit |  | (2,292)

For the financial period ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the Company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 September 2025 and signed on its behalf by:

......................................... A I Jackson Director | ......................................... V J Jackson Director |

Flock & Fig Limited

Notes to the Unaudited Financial Statements for the Period from 6 December 2023 to 31 December 2024

1 | General information

The Company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Kingfisher Court
Plaxton Bridge Road
Woodmansey
Beverley
East Yorkshire
HU17 0RT

These financial statements were authorised for issue by the Board on 1 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Disclosure of long or short period

The period covered by the financial statements is 13 months, which covers the period from the incorporation date to the end of the financial year.

Going concern

The Directors recognise that there is significant concern over the ability of the Company to continue as a going concern due to the net current liabilities total of £7,292 and the insolvent balance sheet of £2,292 at the year end. The liability position is largely due to the Directors’ Loan Account balances totalling £13,696 at the period end. The Directors have agreed not to seek repayment of the balance until there are sufficient Company funds to repay the balance.
This is the Company's first period of trade. The Directors have confirmed that they will continue to support the Company in repaying debts as they fall due. As a result the financial statements have been prepared on a going concern basis.

Flock & Fig Limited

Notes to the Unaudited Financial Statements for the Period from 6 December 2023 to 31 December 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Website costs | 20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Flock & Fig Limited

Notes to the Unaudited Financial Statements for the Period from 6 December 2023 to 31 December 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the Company (including Directors) during the period, was 2.

Flock & Fig Limited

Notes to the Unaudited Financial Statements for the Period from 6 December 2023 to 31 December 2024

4 | Intangible assets

| Other intangible assets £ | Total £
Cost or valuation
Additions | 5,000 | 5,000
At 31 December 2024 | 5,000 | 5,000
Amortisation
Carrying amount
At 31 December 2024 | 5,000 | 5,000

5 | Debtors

| 2024 £
Other debtors | 2,006
Prepayments | 5,000
Deferred tax assets | 479
| 7,485

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £
Due within one year |  |
Loans and borrowings | 7 | 13,696
Accruals and deferred income |  | 1,200
|  | 14,896

7 | Loans and borrowings

Current loans and borrowings

| 2024 £
Other borrowings | 13,696

Other borrowings relate to unsecured directors' loan accounts.

Flock & Fig Limited

Notes to the Unaudited Financial Statements for the Period from 6 December 2023 to 31 December 2024

8 | Related party transactions

Other transactions with Directors

At the year end, the amount due to the Directors by the Company was £13,696. This amount is unsecured, interest-free and repayable on demand.