REGISTERED NUMBER: 04721761 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

FLAIR OFFICE SUPPLIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Steven J. Conduit

Sally J. Ball

SECRETARY:

Sally J. Ball

REGISTERED OFFICE:

78 Warfield Road

Kelleythorpe Industrial Est

Kelleythorpe

Driffield

East Yorkshire

YO25 9FQ

REGISTERED NUMBER:

04721761 (England and Wales)

ACCOUNTANTS:

Jackson Robson Licence Limited

33-35 Exchange Street

Driffield

East Yorkshire

YO25 6LL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

32,869

38,587

32,869

38,587

CURRENT ASSETS

Stocks

59,715

69,556

Debtors

6

144,421

156,488

Cash at bank

97,271

111,394

301,407

337,438

CREDITORS

Amounts falling due within one year

7

132,472

205,575

NET CURRENT ASSETS

168,935

131,863

TOTAL ASSETS LESS CURRENT LIABILITIES

201,804

170,450

PROVISIONS FOR LIABILITIES

4,506

5,690

NET ASSETS

197,298

164,760

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

197,198

164,660

SHAREHOLDERS' FUNDS

197,298

164,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2025 and were signed on its behalf by:

Steven J. Conduit - Director

Sally J. Ball - Director

1.	STATUTORY INFORMATION

Flair Office Supplies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twelve years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

5% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

43,224

AMORTISATION

At 1 May 2024

and 30 April 2025

43,224

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 May 2024

and 30 April 2025

22,687

26,510

37,480

DEPRECIATION

At 1 May 2024

10,488

16,357

33,124

Charge for year

610

1,373

653

At 30 April 2025

11,098

17,730

33,777

NET BOOK VALUE

At 30 April 2025

11,589

8,780

3,703

At 30 April 2024

12,199

10,153

4,356

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2024

and 30 April 2025

55,517

7,294

149,488

DEPRECIATION

At 1 May 2024

45,042

5,890

110,901

Charge for year

2,619

463

5,718

At 30 April 2025

47,661

6,353

116,619

NET BOOK VALUE

At 30 April 2025

7,856

941

32,869

At 30 April 2024

10,475

1,404

38,587

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

144,421

156,488

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

18,977

20,554

Trade creditors

48,352

106,213

Taxation and social security

32,661

42,643

Other creditors

32,482

36,165

132,472

205,575

8.

RESERVES

Retained

earnings

£

At 1 May 2024

164,660

Profit for the year

73,738

Dividends

(41,200

)

At 30 April 2025

197,198

9.	ULTIMATE CONTROLLING PARTY