2024-04-01 2025-03-31 2025-03-31 false 11254819 FLORENCE ORGANICS LTD 2025-10-07 false iso4217:GBP xbrli:pure 11254819 2024-03-31 11254819 2025-03-31 11254819 2024-04-01 2025-03-31 11254819 2023-03-31 11254819 2024-03-31 11254819 2023-04-01 2024-03-31 11254819 bus:SmallEntities 2024-04-01 2025-03-31 11254819 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11254819 bus:FullAccounts 2024-04-01 2025-03-31 11254819 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11254819 core:WithinOneYear 2025-03-31 11254819 core:AfterOneYear 2025-03-31 11254819 core:WithinOneYear 2024-03-31 11254819 core:AfterOneYear 2024-03-31 11254819 core:ShareCapital 2025-03-31 11254819 core:SharePremium 2025-03-31 11254819 core:RevaluationReserve 2025-03-31 11254819 core:OtherReservesSubtotal 2025-03-31 11254819 core:RetainedEarningsAccumulatedLosses 2025-03-31 11254819 core:ShareCapital 2024-03-31 11254819 core:SharePremium 2024-03-31 11254819 core:RevaluationReserve 2024-03-31 11254819 core:OtherReservesSubtotal 2024-03-31 11254819 core:RetainedEarningsAccumulatedLosses 2024-03-31 11254819 core:LandBuildings 2025-03-31 11254819 core:PlantMachinery 2025-03-31 11254819 core:Vehicles 2025-03-31 11254819 core:FurnitureFittings 2025-03-31 11254819 core:OfficeEquipment 2025-03-31 11254819 core:NetGoodwill 2025-03-31 11254819 core:IntangibleAssetsOtherThanGoodwill 2025-03-31 11254819 core:ListedExchangeTraded 2025-03-31 11254819 core:UnlistedNon-exchangeTraded 2025-03-31 11254819 core:LandBuildings 2024-03-31 11254819 core:PlantMachinery 2024-03-31 11254819 core:Vehicles 2024-03-31 11254819 core:FurnitureFittings 2024-03-31 11254819 core:OfficeEquipment 2024-03-31 11254819 core:NetGoodwill 2024-03-31 11254819 core:IntangibleAssetsOtherThanGoodwill 2024-03-31 11254819 core:ListedExchangeTraded 2024-03-31 11254819 core:UnlistedNon-exchangeTraded 2024-03-31 11254819 core:LandBuildings 2024-04-01 2025-03-31 11254819 core:PlantMachinery 2024-04-01 2025-03-31 11254819 core:Vehicles 2024-04-01 2025-03-31 11254819 core:FurnitureFittings 2024-04-01 2025-03-31 11254819 core:OfficeEquipment 2024-04-01 2025-03-31 11254819 core:NetGoodwill 2024-04-01 2025-03-31 11254819 core:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 11254819 core:ListedExchangeTraded 2024-04-01 2025-03-31 11254819 core:UnlistedNon-exchangeTraded 2024-04-01 2025-03-31 11254819 core:MoreThanFiveYears 2024-04-01 2025-03-31 11254819 core:Non-currentFinancialInstruments 2025-03-31 11254819 core:Non-currentFinancialInstruments 2024-03-31 11254819 dpl:CostSales 2024-04-01 2025-03-31 11254819 dpl:DistributionCosts 2024-04-01 2025-03-31 11254819 core:LandBuildings 2024-04-01 2025-03-31 11254819 core:PlantMachinery 2024-04-01 2025-03-31 11254819 core:Vehicles 2024-04-01 2025-03-31 11254819 core:FurnitureFittings 2024-04-01 2025-03-31 11254819 core:OfficeEquipment 2024-04-01 2025-03-31 11254819 dpl:AdministrativeExpenses 2024-04-01 2025-03-31 11254819 core:NetGoodwill 2024-04-01 2025-03-31 11254819 core:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 11254819 dpl:GroupUndertakings 2024-04-01 2025-03-31 11254819 dpl:ParticipatingInterests 2024-04-01 2025-03-31 11254819 dpl:GroupUndertakings core:ListedExchangeTraded 2024-04-01 2025-03-31 11254819 core:ListedExchangeTraded 2024-04-01 2025-03-31 11254819 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2024-04-01 2025-03-31 11254819 core:UnlistedNon-exchangeTraded 2024-04-01 2025-03-31 11254819 dpl:CostSales 2023-04-01 2024-03-31 11254819 dpl:DistributionCosts 2023-04-01 2024-03-31 11254819 core:LandBuildings 2023-04-01 2024-03-31 11254819 core:PlantMachinery 2023-04-01 2024-03-31 11254819 core:Vehicles 2023-04-01 2024-03-31 11254819 core:FurnitureFittings 2023-04-01 2024-03-31 11254819 core:OfficeEquipment 2023-04-01 2024-03-31 11254819 dpl:AdministrativeExpenses 2023-04-01 2024-03-31 11254819 core:NetGoodwill 2023-04-01 2024-03-31 11254819 core:IntangibleAssetsOtherThanGoodwill 2023-04-01 2024-03-31 11254819 dpl:GroupUndertakings 2023-04-01 2024-03-31 11254819 dpl:ParticipatingInterests 2023-04-01 2024-03-31 11254819 dpl:GroupUndertakings core:ListedExchangeTraded 2023-04-01 2024-03-31 11254819 core:ListedExchangeTraded 2023-04-01 2024-03-31 11254819 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2023-04-01 2024-03-31 11254819 core:UnlistedNon-exchangeTraded 2023-04-01 2024-03-31 11254819 core:NetGoodwill 2025-03-31 11254819 core:IntangibleAssetsOtherThanGoodwill 2025-03-31 11254819 core:LandBuildings 2025-03-31 11254819 core:PlantMachinery 2025-03-31 11254819 core:Vehicles 2025-03-31 11254819 core:FurnitureFittings 2025-03-31 11254819 core:OfficeEquipment 2025-03-31 11254819 core:AfterOneYear 2025-03-31 11254819 core:WithinOneYear 2025-03-31 11254819 core:ListedExchangeTraded 2025-03-31 11254819 core:UnlistedNon-exchangeTraded 2025-03-31 11254819 core:ShareCapital 2025-03-31 11254819 core:SharePremium 2025-03-31 11254819 core:RevaluationReserve 2025-03-31 11254819 core:OtherReservesSubtotal 2025-03-31 11254819 core:RetainedEarningsAccumulatedLosses 2025-03-31 11254819 core:NetGoodwill 2024-03-31 11254819 core:IntangibleAssetsOtherThanGoodwill 2024-03-31 11254819 core:LandBuildings 2024-03-31 11254819 core:PlantMachinery 2024-03-31 11254819 core:Vehicles 2024-03-31 11254819 core:FurnitureFittings 2024-03-31 11254819 core:OfficeEquipment 2024-03-31 11254819 core:AfterOneYear 2024-03-31 11254819 core:WithinOneYear 2024-03-31 11254819 core:ListedExchangeTraded 2024-03-31 11254819 core:UnlistedNon-exchangeTraded 2024-03-31 11254819 core:ShareCapital 2024-03-31 11254819 core:SharePremium 2024-03-31 11254819 core:RevaluationReserve 2024-03-31 11254819 core:OtherReservesSubtotal 2024-03-31 11254819 core:RetainedEarningsAccumulatedLosses 2024-03-31 11254819 core:NetGoodwill 2023-03-31 11254819 core:IntangibleAssetsOtherThanGoodwill 2023-03-31 11254819 core:LandBuildings 2023-03-31 11254819 core:PlantMachinery 2023-03-31 11254819 core:Vehicles 2023-03-31 11254819 core:FurnitureFittings 2023-03-31 11254819 core:OfficeEquipment 2023-03-31 11254819 core:AfterOneYear 2023-03-31 11254819 core:WithinOneYear 2023-03-31 11254819 core:ListedExchangeTraded 2023-03-31 11254819 core:UnlistedNon-exchangeTraded 2023-03-31 11254819 core:ShareCapital 2023-03-31 11254819 core:SharePremium 2023-03-31 11254819 core:RevaluationReserve 2023-03-31 11254819 core:OtherReservesSubtotal 2023-03-31 11254819 core:RetainedEarningsAccumulatedLosses 2023-03-31 11254819 core:AfterOneYear 2024-04-01 2025-03-31 11254819 core:WithinOneYear 2024-04-01 2025-03-31 11254819 core:Non-currentFinancialInstruments core:CostValuation 2024-04-01 2025-03-31 11254819 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2024-04-01 2025-03-31 11254819 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-04-01 2025-03-31 11254819 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2024-04-01 2025-03-31 11254819 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2024-04-01 2025-03-31 11254819 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2024-04-01 2025-03-31 11254819 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2024-04-01 2025-03-31 11254819 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2024-04-01 2025-03-31 11254819 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2024-04-01 2025-03-31 11254819 core:Non-currentFinancialInstruments core:CostValuation 2025-03-31 11254819 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2025-03-31 11254819 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2025-03-31 11254819 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2025-03-31 11254819 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2025-03-31 11254819 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2025-03-31 11254819 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2025-03-31 11254819 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2025-03-31 11254819 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2025-03-31 11254819 core:Non-currentFinancialInstruments core:CostValuation 2024-03-31 11254819 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2024-03-31 11254819 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-03-31 11254819 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2024-03-31 11254819 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2024-03-31 11254819 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2024-03-31 11254819 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2024-03-31 11254819 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2024-03-31 11254819 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2024-03-31 11254819 bus:Director1 2024-04-01 2025-03-31 11254819 bus:Director2 2024-04-01 2025-03-31 11254819 1 bus:Director1 2024-03-31 11254819 1 bus:Director1 2024-04-01 2025-03-31 11254819 1 bus:Director1 2025-03-31 11254819 2 bus:Director2 2024-03-31 11254819 2 bus:Director2 2024-04-01 2025-03-31 11254819 2 bus:Director2 2025-03-31 11254819 2024-03-31 11254819 2024-04-01 2025-03-31 11254819 2025-03-31

FLORENCE ORGANICS LTD

Registered Number
11254819
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

FLORENCE ORGANICS LTD
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors | Mr Giampaolo Floris
| Mr Antonio Vidili

Registered Address | Office 5 The Round House
| Dormans Park Road
| East Grinstead
| RH19 2EN

Registered Number | 11254819 (England and Wales)

FLORENCE ORGANICS LTD
Balance Sheet as at
31 March 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Intangible assets | 4 |  |  | 12,007 |  |  |  | 22,530
|  |  |  | 12,007 |  |  |  | 22,530
Current assets |  |  |  |  |  |  |  |
Stocks | 5 | 955,509 |  |  |  | 536,407 |  |
Debtors | 6 | 445,567 |  |  |  | 445,346 |  |
Cash at bank and on hand |  | 250,841 |  |  |  | 362,890 |  |
|  | 1,651,917 |  |  |  | 1,344,643 |  |
Creditors amounts falling due within one year | 7 | (51,847) |  |  |  | (30,738) |  |
Net current assets (liabilities) |  |  |  | 1,600,070 |  |  |  | 1,313,905
Total assets less current liabilities |  |  |  | 1,612,077 |  |  |  | 1,336,435
Net assets |  |  |  | 1,612,077 |  |  |  | 1,336,435
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 2 |  |  |  | 2
Profit and loss account |  |  |  | 1,612,075 |  |  |  | 1,336,433
Shareholders' funds |  |  |  | 1,612,077 |  |  |  | 1,336,435

- The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 7 October 2025, and are signed on its behalf by:
Mr Antonio Vidili Director
Mr Giampaolo Floris Director Registered Company No. 11254819

FLORENCE ORGANICS LTD
Notes to the Financial Statements
for the year ended 31 March 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

| 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).

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Going concern
--- | ---
| After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

| Turnover policy
--- | ---
| 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.

| Revenue from sale of goods
--- | ---
| Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

| Interest income
--- | ---
| Interest income is recognised using the effective interest rate method.

| Foreign currency translation
--- | ---
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

| Deferred tax
--- | ---
| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

| Intangible assets
--- | ---
| Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

| Amortisation
--- | ---
| The following amortisation rates are used for Intangible assets: Trade Mark's less than £500 100% in first year Trade Mark's over £500 10% straight line.

| Stocks and work in progress
--- | ---
| Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

| Trade and other 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. 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.

| Cash and cash equivalents
--- | ---
| Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

| Trade and other creditors
--- | ---
| 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. 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 a

| Share capital
--- | ---
| Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

| Related parties
--- | ---
| For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 2 |  | 2

3. | Deferred tax
--- | ---
| Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.

4. | Intangible assets
--- | ---

|  | Other |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 April 24 | 22,530 |  | 22,530
| At 31 March 25 | 22,530 |  | 22,530
| Amortisation and impairment
| Charge for year | 10,523 |  | 10,523
| At 31 March 25 | 10,523 |  | 10,523
| Net book value
| At 31 March 25 | 12,007 |  | 12,007
| At 31 March 24 | 22,530 |  | 22,530

5. | Stocks
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Finished goods | 955,509 |  | 536,407
| Total | 955,509 |  | 536,407

6. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 132,541 |  | 214,514
| Other debtors | 306,395 |  | 222,884
| Prepayments and accrued income | 6,631 |  | 7,948
| Total | 445,567 |  | 445,346

7. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 683 |  | 17,624
| Taxation and social security | 51,161 |  | 13,107
| Other creditors | 3 |  | 7
| Total | 51,847 |  | 30,738

8. | Directors advances, credits and guarantees
--- | ---

|  | Brought forward |  | Amount advanced |  | Amount repaid |  | Carried forward
--- | --- | --- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
| Mr Giampaolo Floris | 67,566 |  | 7,733 |  | 75,299 |  | 0
| Mr Antonio Vidili | 51,158 |  | 0 |  | 51,158 |  | 0
|  | 118,724 |  | 7,733 |  | 126,457 |  | 0

| The loans were interest free and had no fixed repayment terms.

9. | Related party transactions
--- | ---
| The following balances with related parties subsisted at the balance sheet date: Florence Organics LLC - a company under common control: A loan from Florence Organics Ltd of £51,377.81 (2024 £34,209.10) is included in other debtors. Additionally Included in Trade Debtors was £75,213.16 (2024 Nil). Floris Creations Ltd - a company which one of the directors has a shareholding owed Florence Organics Ltd £5,508.29 (2024 £5,508.29) and this is included in other debtors.