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Registered number: 08944477
Giraffe Flowers Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08944477
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 154 176
Tangible Assets 5 143,991 150,464
144,145 150,640
CURRENT ASSETS
Stocks 6 43,780 3,000
Debtors 7 142,189 177,214
Cash at bank and in hand 21,857 6,697
207,826 186,911
Creditors: Amounts Falling Due Within One Year 8 (112,496 ) (185,426 )
NET CURRENT ASSETS (LIABILITIES) 95,330 1,485
TOTAL ASSETS LESS CURRENT LIABILITIES 239,475 152,125
Creditors: Amounts Falling Due After More Than One Year 9 (203,063 ) (87,518 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (35,998 ) (37,737 )
NET ASSETS 414 26,870
CAPITAL AND RESERVES
Called up share capital 10 45 45
Profit and Loss Account 369 26,825
SHAREHOLDERS' FUNDS 414 26,870
Page 1
Page 2
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.
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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Katazyna Farys
Director
24/07/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Giraffe Flowers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08944477 . The registered office is Giraffe Flowers Unit B, 4 Jackson Street , Farnworth Bolton, Greater Manchester, BL4 9HB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are Patents and licences. It is amortised to the profit and loss account over its estimated economic life of 10 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Over the lease term
Leasehold Over the lease term
Plant & Machinery 25% Reducing Balance Method
Motor Vehicles 25% Reducing Balance Method
Fixtures & Fittings 33% Straight Line Method
Computer Equipment 20% Straight Line Method
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 30 (2024: 26)
30 26
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 April 2024 220
As at 31 March 2025 220
Amortisation
As at 1 April 2024 44
Provided during the period 22
As at 31 March 2025 66
Net Book Value
As at 31 March 2025 154
As at 1 April 2024 176
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 5,463 153,279 53,090 15,970
Additions - 28,289 - 5,950
As at 31 March 2025 5,463 181,568 53,090 21,920
Depreciation
As at 1 April 2024 5,463 53,496 18,293 6,989
Provided during the period - 27,722 8,699 3,328
As at 31 March 2025 5,463 81,218 26,992 10,317
Net Book Value
As at 31 March 2025 - 100,350 26,098 11,603
As at 1 April 2024 - 99,783 34,797 8,981
Computer Equipment Total
£ £
Cost
As at 1 April 2024 10,365 238,167
Additions 1,221 35,460
As at 31 March 2025 11,586 273,627
Depreciation
As at 1 April 2024 3,462 87,703
Provided during the period 2,184 41,933
As at 31 March 2025 5,646 129,636
Net Book Value
As at 31 March 2025 5,940 143,991
As at 1 April 2024 6,903 150,464
6. Stocks
2025 2024
£ £
Stock 43,780 3,000
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 65,999 97,723
Other debtors 76,190 79,491
142,189 177,214
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 48,652 67,214
Bank loans and overdrafts - 43,974
Other creditors 16,168 15,368
Taxation and social security 47,676 58,870
112,496 185,426
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 203,063 87,518
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 45 45
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