Flo Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10421458 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2022

for

FLO INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J Faiers

Mr T L Locke

Mr A Ongul

REGISTERED OFFICE:

Units 20-24 Stanley Court

Shearway Business Park

Shearway Road

Folkestone

Kent

CT19 4FJ

REGISTERED NUMBER:

10421458 (England and Wales)

ACCOUNTANTS:

MMP Accounting Solutions Ltd

Chartered Certified Accountants

42 Cudworth Road

Willesborough

Ashford

Kent

TN24 0BG

FIXED ASSETS

Tangible assets

4

1,391,554

1,391,554

CURRENT ASSETS

Debtors

5

6,454

2,507

Cash at bank

17,198

29,651

23,652

32,158

CREDITORS

Amounts falling due within one year

6

451,150

1,243,940

NET CURRENT LIABILITIES

(427,498

)

(1,211,782

)

TOTAL ASSETS LESS CURRENT LIABILITIES

964,056

179,772

CREDITORS

Amounts falling due after more than one year

7

557,547

-

NET ASSETS

406,509

179,772

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

406,508

179,771

SHAREHOLDERS' FUNDS

406,509

179,772

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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.

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 20 June 2022 and were signed on its behalf by:

Mr J Faiers - Director

1.	STATUTORY INFORMATION

Flo Investments 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 March 2021

and 28 February 2022

1,391,554

NET BOOK VALUE

At 28 February 2022

1,391,554

At 28 February 2021

1,391,554

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.22

28.2.21

£

£

Trade debtors

5,050

2,507

Other debtors

1,404

-

6,454

2,507

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.22

28.2.21

£

£

Bank loans and overdrafts

65,000

669,532

Taxation and social security

68,822

57,111

Other creditors

317,328

517,297

451,150

1,243,940

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.22

28.2.21

£

£

Bank loans

557,547

-