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FLOWERS OF MAYFAIR LIMITED - Company Information

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Flowers of Mayfair Limited

Registered Number:07201078

For the year ended 30 April 2018

England and Wales

Unaudited Financial Statements

For the year ended 30 April 2018

Flowers of Mayfair Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 30 April 2018

Flowers of Mayfair Limited

Statement of Financial Position

Registered Number :

07201078

2017

2018

Notes

Fixed assets

Property, plant and equipment

18,441

Current assets

Inventories

235

Trade and other receivables

3,042

500

Cash and cash equivalents

3,777

Trade and other payables: amounts falling due within one

year

(50,315)

(33,705)

(46,538)

(33,704)

Net current liabilities

Total assets less current liabilities

(33,704)

(28,097)

(33,704)

Net liabilities

(28,097)

Capital and reserves

Called up share capital

Retained earnings

(33,705)

(28,098)

(33,704)

(28,097)

Shareholders' funds

For the year ended 30 April 2018 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 2018 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his 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 applicable to companies subject to the small companies regime.

Mrs Harvinder Atkar Director

These financial statements were approved and authorised for issue by the Board on 16 January 2019 and were signed by:

The notes form part of these financial statements

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For the year ended 30 April 2018

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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For the year ended 30 April 2018

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 2017

25,500

10,500

15,000

(10,500)

(15,000)

Disposals

(25,500)

At 30 April 2018

Provision for depreciation and impairment

At 01 May 2017

7,059

(7,059)

On disposal

At 30 April 2018

Net book value

At 30 April 2017

15,000

3,441

18,441

3. Inventories

2017

2018

Stocks

235

4. Trade and other receivables

2017

2018

Other debtors

3,042

5. Trade and other payables: amounts falling due within one year

2017

2018

Bank loans and overdraft

1,477

Trade creditors

6,599

Taxation and social security

197

Other creditors

33,705

42,042

33,705

50,315

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