KATHERINES FLORISTS LIMITED

KATHERINES FLORISTS LIMITED

KATHERINES FLORISTS LIMITED - Company Information

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KATHERINES FLORISTS LIMITED

Company Registration Number:
00409938 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2019

Period of accounts

Start date: 01 June 2018

End date: 31 May 2019

KATHERINES FLORISTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2019

Balance sheet
Notes

KATHERINES FLORISTS LIMITED

Balance sheet

As at 31 May 2019


Notes
2019
2018


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets: 2 306,123 312,299
Total fixed assets: 306,123 312,299
Current assets
Stocks: 1,493 1,588
Debtors:   27,334 41,237
Cash at bank and in hand: 4,714 4,848
Total current assets: 33,541 47,673
Creditors: amounts falling due within one year:   (193,825) (202,147)
Net current assets (liabilities): (160,284) (154,474)
Total assets less current liabilities: 145,839 157,825
Creditors: amounts falling due after more than one year:   (45,997) (45,203)
Total net assets (liabilities): 99,842 112,622
Capital and reserves
Called up share capital: 29,700 29,700
Revaluation reserve:370,00070,000
Profit and loss account: 142 12,922
Shareholders funds: 99,842 112,622

The notes form part of these financial statements

KATHERINES FLORISTS LIMITED

Balance sheet statements

For the year ending 31 May 2019 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 February 2020
and signed on behalf of the board by:

Name: H Nikzad
Status: Director

The notes form part of these financial statements

KATHERINES FLORISTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost of valuation of an asset, less its residual value, over the useful economic lift of that asset as follows:Plant and Machinery - 25% reducing balanceFixtures fittings and equipment - 15% straight lineMotor Vehicles - 25% reducing balance

KATHERINES FLORISTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2019

2. Tangible Assets

Total
Cost £
At 01 June 2018 492,982
Additions 475
At 31 May 2019 493,457
Depreciation
At 01 June 2018 180,683
Charge for year 6,651
At 31 May 2019 187,334
Net book value
At 31 May 2019 306,123
At 31 May 2018 312,299

KATHERINES FLORISTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2019

3. Revaluation reserve

2019
£
Balance at 01 June 2018 70,000
Surplus or deficit after revaluation 0
Balance at 31 May 2019 70,000