Flowers of Mayfair Limited,Ltd - AccountsLtd - Accounts

Flowers of Mayfair Limited,Ltd - AccountsLtd - Accounts

FLOWERS OF MAYFAIR LIMITED - Company Information

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2016-05-01 07201078 2017-04-30 07201078 2016-05-01 2017-04-30 07201078 2016-04-30 07201078 2015-05-01 2016-04-30 07201078 uk-core:WithinOneYear 2016-04-30 07201078 uk-core:WithinOneYear 2017-04-30 07201078 uk-core:ShareCapital 2017-04-30 07201078 uk-core:ShareCapital 2016-04-30 07201078 uk-core:RetainedEarningsAccumulatedLosses 2017-04-30 07201078 uk-core:RetainedEarningsAccumulatedLosses 2016-04-30 07201078 uk-bus:Director1 2016-05-01 2017-04-30 07201078 uk-core:PlantMachinery 2016-05-01 2017-04-30 07201078 uk-core:MotorCars 2016-05-01 2017-04-30 07201078 uk-core:MotorCars 2016-04-30 07201078 uk-core:Buildings 2016-04-30 07201078 uk-core:Buildings 2017-04-30 07201078 uk-core:MotorCars 2017-04-30 07201078 uk-core:Buildings 2016-05-01 2017-04-30 07201078 uk-core:WithinOneYear 2017-04-30 07201078 uk-core:WithinOneYear 2016-04-30 iso4217:GBP 07201078 uk-bus:AuditExemptWithAccountantsReport 2016-05-01 2017-04-30 07201078 uk-bus:FRS102 2016-05-01 2017-04-30 07201078 uk-bus:FullAccounts 2016-05-01 2017-04-30 07201078 uk-bus:PrivateLimitedCompanyLtd 2016-05-01 2017-04-30
Flowers of Mayfair Limited
Registered Number:07201078
For the year ended 30 April 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2017
Flowers of Mayfair Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 30 April 2017
Flowers of Mayfair Limited
Statement of Financial Position
Registered Number :
07201078
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
18,441
19,301
2
18,441
19,301
Current assets
Inventories
235
235
3
Trade and other receivables
2,455
3,042
4
1,274
Cash and cash equivalents
500
3,777
3,964
Trade and other payables: amounts falling due within one
year
(51,294)
(50,315)
5
(47,330)
(46,538)
Net current liabilities
Total assets less current liabilities
(28,097)
(28,029)
(28,097)
Net liabilities
(28,029)
Capital and reserves
Called up share capital
1
1
Retained earnings
(28,098)
(28,030)
(28,097)
(28,029)
Shareholders' funds
For the year ended 30 April 2017 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 of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Section 394 and 395 and
which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Mrs Harvinder Atkar Director
These financial statements were approved and authorised for issue by the Board on 26 January 2018 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 April 2017
Flowers of Mayfair Limited
Notes to the Financial Statements
Statutory Information
Flowers of Mayfair Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07201078.
Registered address:
482 Stafford Road
Oxley
Wolverhampton
WV10 6AN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
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
20% Reducing balance
25% Reducing balance
Motor vehicles
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected useful lives
are sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The
directors undertake an annual impairment review of these properties.
Inventories
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.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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5
For the year ended 30 April 2017
Flowers of Mayfair Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor vehicles
Land and
buildings
£
£
£
Cost or
valuation
At 01 May 2016
25,500
10,500
15,000
At 30 April 2017
15,000
10,500
25,500
Provision for depreciation and impairment
At 01 May 2016
6,199
6,199
-
Charge for year
860
860
-
At 30 April 2017
7,059
7,059
-
At 30 April 2017
Net book value
15,000
3,441
18,441
At 30 April 2016
15,000
4,301
19,301
3. Inventories
2016
2017
£
£
Stocks
235
235
4. Trade and other receivables
2016
2017
£
£
Other debtors
3,042
2,455
5. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Bank loans and overdraft
1,477
-
Trade creditors
6,599
9,252
Taxation and social security
197
-
Other creditors
42,042
42,042
50,315
51,294
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