Flamingo Paperie Limited - Accounts to registrar (filleted) - small 22.3

Flamingo Paperie Limited - Accounts to registrar (filleted) - small 22.3


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REGISTERED NUMBER: 10923211 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

FLAMINGO PAPERIE LIMITED

FLAMINGO PAPERIE LIMITED (REGISTERED NUMBER: 10923211)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLAMINGO PAPERIE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: S Shaw
R Bradley
S M Millar





REGISTERED OFFICE: 73 Park Lane
Croydon
Surrey
CR0 1JG





REGISTERED NUMBER: 10923211 (England and Wales)





ACCOUNTANTS: Owadally & King
Chartered Certified Accountants
73 Park Lane
Croydon
Surrey
CR0 1JG

FLAMINGO PAPERIE LIMITED (REGISTERED NUMBER: 10923211)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,112 27,160

CURRENT ASSETS
Stocks 253,591 190,983
Debtors 5 43,473 54,266
Cash at bank and in hand 233,337 238,892
530,401 484,141
CREDITORS
Amounts falling due within one year 6 296,461 297,929
NET CURRENT ASSETS 233,940 186,212
TOTAL ASSETS LESS CURRENT
LIABILITIES

250,052

213,372

CREDITORS
Amounts falling due after more than one
year

7

(35,650

)

(45,000

)

PROVISIONS FOR LIABILITIES (3,061 ) (5,160 )
NET ASSETS 211,341 163,212

CAPITAL AND RESERVES
Called up share capital 8 110 110
Retained earnings 9 211,231 163,102
SHAREHOLDERS' FUNDS 211,341 163,212

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

FLAMINGO PAPERIE LIMITED (REGISTERED NUMBER: 10923211)

BALANCE SHEET - continued
31 DECEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2022 and were signed on its behalf by:





S Shaw - Director


FLAMINGO PAPERIE LIMITED (REGISTERED NUMBER: 10923211)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

Flamingo Paperie Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

FLAMINGO PAPERIE LIMITED (REGISTERED NUMBER: 10923211)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 67,415
Additions 6,633
At 31 December 2021 74,048
DEPRECIATION
At 1 January 2021 40,255
Charge for year 17,681
At 31 December 2021 57,936
NET BOOK VALUE
At 31 December 2021 16,112
At 31 December 2020 27,160

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 43,473 54,266

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 9,626 5,000
Trade creditors 48,316 56,783
Taxation and social security 196,155 192,739
Other creditors 42,364 43,407
296,461 297,929

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 35,650 45,000

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
110 Ordinary 1 110 110

FLAMINGO PAPERIE LIMITED (REGISTERED NUMBER: 10923211)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


9. RESERVES
Retained
earnings
£   

At 1 January 2021 163,102
Profit for the year 287,379
Dividends (239,250 )
At 31 December 2021 211,231

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the Directors by virtue of their shareholdings.