Flawless Business Systems Design Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01754933 (England and Wales)

Financial Statements

for the Year Ended 30th April 2022

for

Flawless Business Systems Design Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C J Barr

Mrs A Z Barr

SECRETARY:

Mrs A Z Barr

REGISTERED OFFICE:

59 Blandy Road

Henley on Thames

Oxfordshire

RG9 1QB

REGISTERED NUMBER:

01754933 (England and Wales)

ACCOUNTANTS:

Buffery & Co Ltd

2 West Street

Henley On Thames

Oxfordshire

RG9 2DU

FIXED ASSETS

Tangible assets

4

402,500

403,199

CURRENT ASSETS

Debtors

260,866

380,198

Prepayments and accrued income

-

957

Cash at bank

5,560

42,883

266,426

424,038

CREDITORS

Amounts falling due within one year

2,333

82,522

NET CURRENT ASSETS

264,093

341,516

TOTAL ASSETS LESS CURRENT LIABILITIES

666,593

744,715

CREDITORS

Amounts falling due after more than one year

5

120,000

120,000

NET ASSETS

546,593

624,715

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

6

82,174

82,174

Retained earnings

464,319

542,441

546,593

624,715

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th April 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 23rd August 2022 and were signed on its behalf by:

C J Barr - Director

1.	STATUTORY INFORMATION

Flawless Business Systems Design Ltd 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.

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 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st May 2021

and 30th April 2022

408,883

DEPRECIATION

At 1st May 2021

5,684

Charge for year

699

At 30th April 2022

6,383

NET BOOK VALUE

At 30th April 2022

402,500

At 30th April 2021

403,199

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

30.4.22

30.4.21

£

£

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

120,000

120,000

6.

RESERVES

Revaluation

reserve

£

At 1st May 2021

and 30th April 2022

82,174

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2022 and 30th April 2021:

30.4.22

30.4.21

£

£

C J Barr

Balance outstanding at start of year

298,239

-

Amounts advanced

-

298,239

Amounts repaid

(119,194

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

179,045

298,239

The directors have agreed a repayment plan with the company for the loan. The loan will be repaid by declaring dividends.