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REGISTERED NUMBER:
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J.Floris Limited |
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Financial Statements for the Period 1 February 2017 to 31 March 2018 |
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REGISTERED NUMBER:
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J.Floris Limited |
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Financial Statements for the Period 1 February 2017 to 31 March 2018 |
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J.Floris Limited (Registered number: 00451581) |
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Contents of the Financial Statements |
for the Period 1 February 2017 to 31 March 2018 |
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Page |
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Company Information | 1 |
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Abridged Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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J.Floris Limited |
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Company Information |
for the Period 1 February 2017 to 31 March 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Chartered Accountants |
and Statutory Auditor |
4 King Square |
Bridgwater |
Somerset |
TA6 3YF |
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BANKERS: |
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62 George White Street |
Cabot Circus |
Bristol |
BS1 3BA |
J.Floris Limited (Registered number: 00451581) |
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Abridged Statement of Financial Position |
31 March 2018 |
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31.3.18 | 31.1.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Capital redemption reserve |
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Other reserves |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
J.Floris Limited (Registered number: 00451581) |
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Abridged Statement of Financial Position - continued |
31 March 2018 |
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The financial statements were approved by the Board of Directors on
by: |
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J.Floris Limited (Registered number: 00451581) |
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Notes to the Financial Statements |
for the Period 1 February 2017 to 31 March 2018 |
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1. | STATUTORY INFORMATION |
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J.Floris Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
transactions with wholly owned subsidiaries within the group. |
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Turnover |
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Turnover is |
recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on |
dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits |
associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the |
transaction can be measured reliably. |
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Tangible fixed assets |
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and |
any impairment losses. |
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Depreciation is recognised so as to write off the cost of the assets less their residual values over their useful lives |
on the following bases: |
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Land and building leasehold 5-10% per annum straight line dependent on length of lease |
Plant and Machinery 15% per annum reducing balance |
Fixtures and fittings 15% and 25% per annum reducing balance |
Computer equipment 25% per annum reducing balance |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and |
the carrying value of the asset, and is credited or charged to the statement of comprehensive income. |
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Stocks |
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. |
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At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over |
its estimated selling price less costs to complete and sell is recognised as an impairment loss in the statement of |
comprehensive income. Reversals of impairment losses are also recognised in the statement of comprehensive |
income. |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
J.Floris Limited (Registered number: 00451581) |
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Notes to the Financial Statements - continued |
for the Period 1 February 2017 to 31 March 2018 |
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3. | ACCOUNTING POLICIES - continued |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
statement of financial position date. |
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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 period end and that are expected to apply to the reversal of the |
timing difference. |
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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. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of |
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the |
operating result. |
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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. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 February 2017 |
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Additions |
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At 31 March 2018 |
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DEPRECIATION |
At 1 February 2017 |
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Charge for period |
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At 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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At 31 January 2017 |
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J.Floris Limited (Registered number: 00451581) |
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Notes to the Financial Statements - continued |
for the Period 1 February 2017 to 31 March 2018 |
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6. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
31.3.18 | 31.1.17 |
£ | £ |
Within one year |
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Between one and five years |
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In more than five years |
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7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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8. | OTHER FINANCIAL COMMITMENTS |
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The company has provided a cross guarantee for the long-term loan in Floris Estates Limited, a fellow |
subsidiary. |
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9. | ULTIMATE PARENT UNDERTAKING |
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At the balance sheet date the ultimate parent company was Floris of London Holdings Limited, a company |
registered in England and Wales, registered number 08738280, registered office 89 Jermyn Street, London, |
SW1Y 6JH, by virtue of its 100% shareholding. |