Floss and Gloss Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08443417

Floss and Gloss Limited

Unaudited financial statements

31 March 2025

Floss and Gloss Limited

Statement of financial position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	5	374,008	395,606
Tangible assets	6	93,338	115,561
		---------	---------
		467,346	511,167

Current assets

Stocks		5,676	14,000
Debtors	7	10,748	6,975
Cash at bank and in hand		30,226	19,797
		-------	-------
		46,650	40,772

Creditors: Amounts falling due within one year	8	( 148,627)		( 164,927)
		---------		---------
Net current liabilities			( 101,977)		( 124,155)
			---------		---------
Total assets less current liabilities			365,369		387,012

Creditors: Amounts falling due after more than one year	9		( 347,959)		( 352,294)

Provisions

Taxation including deferred tax	( 23,335)	( 28,890)
	---------	---------
Net (liabilities)/assets	( 5,925)	5,828
	---------	---------

Capital and reserves

Called up share capital	100	1
Profit and loss account	( 6,025)	5,827
	------	------
Shareholders (deficit)/funds	( 5,925)	5,828
	------	------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Floss and Gloss Limited

Statement of financial position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 16 December 2025 , and are signed on behalf of the board by:

Mrs D Chauhan
Director

Company registration number: 08443417

Floss and Gloss Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sixty Six, North Quay, Great Yarmouth, Norfolk, NR30 1HE. The company's place of business is 7 Surrey Gardens, Birchington-on-Sea, Kent, CT7 9SA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.

Income tax

Provision is made under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	4% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% straight line
Motor vehicles	-	20% 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.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of employees during the year was 12 (2024: 13 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	539,954
	---------
Amortisation
At 1 April 2024	144,348
Charge for the year	21,598
	---------
At 31 March 2025	165,946
	---------
Carrying amount
At 31 March 2025	374,008
	---------
At 31 March 2024	395,606
	---------

6. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2024	154,859	34,000	188,859
Additions	4,649	–	4,649
	---------	-------	---------
At 31 March 2025	159,508	34,000	193,508
	---------	-------	---------
Depreciation
At 1 April 2024	61,058	12,240	73,298
Charge for the year	22,955	3,917	26,872
	---------	-------	---------
At 31 March 2025	84,013	16,157	100,170
	---------	-------	---------
Carrying amount
At 31 March 2025	75,495	17,843	93,338
	---------	-------	---------
At 31 March 2024	93,801	21,760	115,561
	---------	-------	---------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Plant and machinery	Motor vehicles	Total
	£	£	£
At 31 March 2025	38,502	17,843	56,345
	-------	-------	-------
At 31 March 2024	49,842	21,760	71,602
	-------	-------	-------

7. Debtors

	2025	2024
	£	£
Trade debtors	9,248	5,475
Other debtors	1,500	1,500
	-------	------
	10,748	6,975
	-------	------

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans	30,300	43,834
Trade creditors	27,872	6,456
Social security and other taxes	32,862	28,876
Other creditors	57,593	85,761
	---------	---------
	148,627	164,927
	---------	---------

Bank loans are secured on the assets of the company.

9. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans	318,893	308,979
Other creditors	29,066	43,315
	---------	---------
	347,959	352,294
	---------	---------

Bank loans are secured on the assets of the company.