Flourishing People Limited - Accounts to registrar (filleted) - small 18.2

Flourishing People Limited - Accounts to registrar (filleted) - small 18.2

FLOURISHING PEOPLE LIMITED - Company Information

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REGISTERED NUMBER: 05196124 (England and Wales)















Unaudited Financial Statements

for the Period 1 January 2020 to 30 June 2020

for

Flourishing People Limited
Flourishing People Limited (Registered number: 05196124)






Contents of the Financial Statements
for the Period 1 January 2020 to 30 June 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Flourishing People Limited

Company Information
for the Period 1 January 2020 to 30 June 2020







DIRECTOR: Ms J Burke





REGISTERED OFFICE: 21 East View
Freckenham
Bury St Edmunds
Suffolk
IP28 8HU





REGISTERED NUMBER: 05196124 (England and Wales)





ACCOUNTANTS: Tyrrell & Company
Unit D
South Cambs Business Park
Sawston
Cambridge
Cambridgeshire
CB22 3JH
Page 1
Flourishing People Limited (Registered number: 05196124)

Balance Sheet
30 June 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 236 315
236 315

CURRENT ASSETS
Stocks - 9,502
Cash at bank 1,126 5,489
1,126 14,991
CREDITORS
Amounts falling due within one year 6 799 890
NET CURRENT ASSETS 327 14,101
TOTAL ASSETS LESS CURRENT
LIABILITIES
563
14,416

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 553 14,406
SHAREHOLDERS' FUNDS 563 14,416

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 4 August 2020 and were signed by:





Ms J Burke - Director


The notes form part of these financial statements

Page 2
Flourishing People Limited (Registered number: 05196124)

Notes to the Financial Statements
for the Period 1 January 2020 to 30 June 2020

1. STATUTORY INFORMATION

Flourishing People 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

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 reducing balance

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2019 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2020
and 30 June 2020 15,000
AMORTISATION
At 1 January 2020
and 30 June 2020 15,000
NET BOOK VALUE
At 30 June 2020 -
At 31 December 2019 -

Page 3 continued...
Flourishing People Limited (Registered number: 05196124)

Notes to the Financial Statements - continued
for the Period 1 January 2020 to 30 June 2020

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2020
and 30 June 2020 2,494
DEPRECIATION
At 1 January 2020 2,179
Charge for period 79
At 30 June 2020 2,258
NET BOOK VALUE
At 30 June 2020 236
At 31 December 2019 315

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Taxation and social security - (3 )
Other creditors 799 893
799 890

Page 4