Company Registration No. 08663641 (England and Wales)
R. FRENCH & SON (FLOWERS) LTD
Unaudited accounts
for the year ended 30 November 2019
R. FRENCH & SON (FLOWERS) LTD
Unaudited accounts
Contents
R. FRENCH & SON (FLOWERS) LTD
Company Information
for the year ended 30 November 2019
Company Number
08663641 (England and Wales)
Registered Office
8 Weald Close
Bromley
BR2 8PD
R. FRENCH & SON (FLOWERS) LTD
Statement of financial position
as at
30 November 2019
Intangible assets
112,000
140,000
Tangible assets
9,043
12,057
Cash at bank and in hand
41,713
45,303
Creditors: amounts falling due within one year
(355,997)
(337,276)
Net current liabilities
(143,422)
(146,744)
Net (liabilities)/assets
(22,379)
5,313
Called up share capital
100
100
Profit and loss account
(22,479)
5,213
Shareholders' funds
(22,379)
5,313
For the year ending 30 November 2019 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 15 December 2019.
Darren French
Director
Company Registration No. 08663641
R. FRENCH & SON (FLOWERS) LTD
Notes to the Accounts
for the year ended 30 November 2019
R. FRENCH & SON (FLOWERS) LTD is a private company, limited by shares, registered in England and Wales, registration number 08663641. The registered office is 8 Weald Close, Bromley, BR2 8PD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
R. FRENCH & SON (FLOWERS) LTD
Notes to the Accounts
for the year ended 30 November 2019
4
Intangible fixed assets
Goodwill
At 1 December 2018
400,000
At 30 November 2019
400,000
At 1 December 2018
260,000
Charge for the year
28,000
At 30 November 2019
288,000
At 30 November 2019
112,000
At 30 November 2018
140,000
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2018
18,809
2,624
21,433
At 30 November 2019
18,809
2,624
21,433
At 1 December 2018
8,228
1,148
9,376
Charge for the year
2,645
369
3,014
At 30 November 2019
10,873
1,517
12,390
At 30 November 2019
7,936
1,107
9,043
At 30 November 2018
10,581
1,476
12,057
Finished goods
9,250
12,000
Trade debtors
138,903
130,939
Deferred tax asset
1,788
2,290
R. FRENCH & SON (FLOWERS) LTD
Notes to the Accounts
for the year ended 30 November 2019
8
Creditors: amounts falling due within one year
2019
2018
Trade creditors
235,712
184,165
Taxes and social security
80,319
97,637
Loans from directors
39,966
55,474
9
Average number of employees
During the year the average number of employees was 6 (2018: 6).