SHEILA'S FLORISTS LIMITED - Filleted accounts

Registered number

05442309

SHEILA'S FLORISTS LIMITED

Filleted Accounts

31 March 2025

SHEILA'S FLORISTS LIMITED
Registered number:		05442309
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		8,000			8,000
Tangible assets	4		617			722
			8,617			8,722

Current assets
Stocks		4,600			4,800
Debtors	5	3,012			3,708
Cash at bank and in hand		9,208			14,012
		16,820			22,520

Creditors: amounts falling due within one year	6	(109,629)			(114,974)

Net current liabilities			(92,809)			(92,454)

Total assets less current liabilities			(84,192)			(83,732)

Creditors: amounts falling due after more than one year	7		(4,708)			(7,904)



Net liabilities			(88,900)			(91,636)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(89,000)			(91,736)

Shareholders' funds			(88,900)			(91,636)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.



John Newman
Director
Approved by the board on 18 November 2025

SHEILA'S FLORISTS LIMITED
Notes to the Accounts
for the year ended 31 March 2025


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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	20% reducing balance
	Motor vehicle	20% reducing balance

	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. 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.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			3		3


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2024					16,000
	Additions					-
	At 31 March 2025					16,000

	Amortisation
	At 1 April 2024					8,000
	Provided during the year					-
	At 31 March 2025					8,000

	Net book value
	At 31 March 2025					8,000
	At 31 March 2024					8,000


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	7,250		10,850		18,100
	Additions	-		-		-
	At 31 March 2025	7,250		10,850		18,100

	Depreciation
	At 1 April 2024	6,996		10,382		17,378
	Charge for the year	51		54		105
	At 31 March 2025	7,047		10,436		17,483

	Net book value
	At 31 March 2025	203		414		617
	At 31 March 2024	254		468		722


5	Debtors			2025		2024
£					£
	Other debtors			3,012		3,708
				3,012		3,708

6	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			900		2,750
	Taxation and social security costs			-		-
	Other creditors			108,729		112,224
				109,629		114,974


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			4,708		7,904
				4,708		7,904
8	Other information

	SHEILA'S FLORISTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	H Plaskow & Co
	Chartered Certified Accountants
	208 Green Lanes
	Palmers Green
	London

	N13 5UE