Company Registration No. 10340131 (England and Wales)
Floral Frog Limited
Unaudited accounts
for the year ended 31 August 2020
Floral Frog Limited
Unaudited accounts
Contents
Floral Frog Limited
Company Information
for the year ended 31 August 2020
Directors
Kim Elizabeth Sheppard
Wayne Richard Goulden
Company Number
10340131 (England and Wales)
Registered Office
18 BARTON ROAD
SIDCUP
KENT
DA14 5LU
ENGLAND
Accountants
SimplTax Limited
103 High Street
Waltham Cross
Herts
EN87AN
Floral Frog Limited
Accountants' report
Accountants' report to the board of directors of Floral Frog Limited on the preparation of the unaudited statutory accounts for the year ended 31 August 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Floral Frog Limited for the year ended
31 August 2020 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Floral Frog Limited, as a body, in accordance with the terms of our engagement letter dated 28 May 2020. Our work has been undertaken solely to prepare for your approval the accounts of Floral Frog Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Floral Frog Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Floral Frog Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Floral Frog Limited. You consider that Floral Frog 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 Floral Frog 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.
SimplTax Limited
103 High Street
Waltham Cross
Herts
EN87AN
24 May 2021
Floral Frog Limited
Statement of financial position
as at
31 August 2020
Cash at bank and in hand
5,999
3,193
Creditors: amounts falling due within one year
(63,903)
(73,645)
Net current liabilities
(37,404)
(55,552)
Net liabilities
(37,404)
(55,244)
Called up share capital
100
100
Profit and loss account
(37,504)
(55,344)
Shareholders' funds
(37,404)
(55,244)
For the year ending 31 August 2020 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 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.
The financial statements were approved by the Board of Directors and authorised for issue on 24 May 2021 and were signed on its behalf by
Kim Elizabeth Sheppard
Director
Company Registration No. 10340131
Floral Frog Limited
Notes to the Accounts
for the year ended 31 August 2020
Floral Frog Limited is a private company, limited by shares, registered in England and Wales, registration number 10340131. The registered office is 18 BARTON ROAD, SIDCUP, KENT, DA14 5LU, ENGLAND.
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.
These financial statements for the year ended 31 August 2020 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2018.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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.
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:
Computer equipment
25% Straightline
Floral Frog Limited
Notes to the Accounts
for the year ended 31 August 2020
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
At 1 September 2019
1,235
5
Debtors: amounts falling due within one year
2020
2019
Other debtors
20,500
14,900
6
Creditors: amounts falling due within one year
2020
2019
Loans from directors
62,541
73,645
7
Transactions with related parties
The company was under the control of Miss Kim Shepherd and Mr Wayne Goulden. Miss Kim Shepherd and Mr Wayne Goulden each own 50% of the issued share capital of the cxompany.
8
Average number of employees
During the year the average number of employees was 1 (2019: 1).