Maytal Flowers Limited - Limited company - abbreviated - 11.6
Maytal Flowers Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 July 2014 |
| for |
| Maytal Flowers Limited |
| Maytal Flowers Limited (Registered number: 01758568) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 July 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Chartered Accountants' Report | 5 |
| Maytal Flowers Limited |
| Company Information |
| for the Year Ended 31 July 2014 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Maytal Flowers Limited (Registered number: 01758568) |
| Abbreviated Balance Sheet |
| 31 July 2014 |
| 31.7.14 | 31.7.13 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges his 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 were approved by the director on |
| Maytal Flowers Limited (Registered number: 01758568) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 July 2014 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These accounts have been prepared on the going-concern basis, as the directors are of the opinion that, the company |
| shall be compensated for excess freight paid in the 9 year period to 31 December 2006, when certain airlines, with |
| whom the company had contracts at the time, are alleged to have formed a cartel and overcharged its customers. |
| Should the company, together with other other parties, win the case against the airlines concerned, the company |
| should benefit from the settlement, by approximately £400,000. This amount has not been provided in the accounts |
| due to the uncertainty of the timing of the payment. |
| The directors are also taking other steps to improve the cash flow and profitability of the company, and but due to |
| the unavailability of adequate working capital, have reluctantly suspended operations. |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures & fittings | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance |
| sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of |
| transaction. Exchange differences are taken into account in arriving at the operating result. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 August 2013 |
| and 31 July 2014 |
| DEPRECIATION |
| At 1 August 2013 |
| and 31 July 2014 |
| NET BOOK VALUE |
| At 31 July 2014 |
| At 31 July 2013 |
| Maytal Flowers Limited (Registered number: 01758568) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 July 2014 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.7.14 | 31.7.13 |
| value: | £ | £ |
| Ordinary | £1 |
| Chartered Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| Maytal Flowers Limited |
| The following reproduces the text of the report prepared for the director in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) have |
| been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
| statements of Maytal Flowers Limited for the year ended 31 July 2014 which comprise the Profit and Loss Account, the |
| Balance Sheet and the related notes from the company's accounting records and from information and explanations you have |
| given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the director of Maytal Flowers Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Maytal Flowers Limited and state those matters that we have agreed to state to the director of Maytal Flowers Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
| It is your duty to ensure that Maytal Flowers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Maytal Flowers Limited. You consider that Maytal Flowers Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Maytal Flowers Limited. For this |
| reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you |
| have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| 29 April 2015 |