Flowertime Florist Limited
|
For the year ended 30 September 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04532006
Flowertime Florist Limited
For the year ended 30 September 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Flowertime Florist Limited
Chartered Accountants' Report
For the year ended 30 September 2015
Chartered Accountants' Report to the Board of Directors
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the
|
accounts of Flowertime Florist Limited for the year ended
30
September
2015
which comprise the Profit and Loss
|
Account
,
Statement of Recognised Gains and Losses
,
the Balance Sheet and the related notes from the company
'
s
|
accounting records and from information and explanations you have given us
.
|
As a practising firm of the Institute of Chartered Accountants in England and Wales
(
ICAEW
)
,
we are subject to its
|
ethical and other professional requirements which are detailed at icaew
.
com
/
membershandbook
.
|
This report is made solely to the Board of Directors of Flowertime Florist Limited
,
as a body
,
in accordance with the
|
terms of our engagement letter dated
28
September
2013
.
Our work has been undertaken solely to prepare for
|
your approval the accounts of Flowertime Florist Limited and state those matters that we have agreed to state to
|
the Board of Directors of Flowertime Florist Limited
,
as a body
,
in this report in accordance with AAF
2
/
10
as
|
detailed at icaew
.
com
/
compilation
.
To the fullest extent permitted by law
,
we do not accept or assume responsibility
|
to anyone other than Flowertime Florist Limited and its Board of Directors as a body for our work or for this report
.
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It is your duty to ensure that Flowertime Florist Limited has kept adequate accounting records to prepare statutory
|
accounts that give a true and fair view of the assets
,
liabilities
,
financial position and profit of Flowertime Florist
|
Limited
.
You consider that Flowertime Florist Limited is exempt from the statutory audit requirement for the year
.
|
We have not been instructed to carry out an audit or a review of the accounts of Flowertime Florist Limited
.
For this
|
reason
,
we have not verified the accuracy or completeness of the accounting records or information and
|
explanations you have given to us and we do not
,
therefore
,
express any opinion on the statutory accounts
.
|
Bickerstaff & Co
Unit 2 Brewery Court
Sea Lane
Hayle
Cornwall
TR27 4DP
1 of 4
Abbreviated Balance Sheet
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Flowertime Florist Limited
2015
2014
2
5,624
7,500
5,624
7,500
31,466
33,373
3,377
3,279
43,189
37,377
79,841
72,220
Creditors
:
amounts falling due within one year
|
(59,392)
(84,622)
12,828
(4,781)
Net current liabilities
Total assets less current liabilities
|
843
20,328
(596)
(596)
Provisions for liabilities
|
247
Net assets
19,732
200
3
200
47
19,532
247
19,732
Shareholders funds
For the year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
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Date approved by the board: 28 June 2016
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Signed on behalf of the board of directors
|
2 of 4
Notes to the Abbreviated Financial Statements
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Flowertime Florist Limited
For the year ended 30 September 2015
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
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Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
|
by the shareholders prior to the balance sheet date
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and Machinery
Computer Equipment
Motor Vehicles
Fixtures and Fittings
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
3 of 4
Notes to the Abbreviated Financial Statements
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Flowertime Florist Limited
For the year ended 30 September 2015
27,774
27,774
20,274
1,876
Charge for year
22,150
5,624
7,500
Allotted called up and fully paid
|
2015
2014
100
Ordinary shares of £
1
.
00
each
|
100
100
100
Ordinary A shares of £
1
.
00
each
|
100
100
200
200
4 of 4