Redford Flowers Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06977989 (England and Wales)

Redford Flowers Limited

Unaudited Financial Statements for the Year Ended 31 October 2020

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTOR:

S Redden

REGISTERED OFFICE:

32 The Crescent

Spalding

Lincolnshire

PE11 1AF

REGISTERED NUMBER:

06977989 (England and Wales)

FIXED ASSETS

Tangible assets

4

604,511

667,134

CURRENT ASSETS

Stocks

254,100

258,060

Debtors

5

125,747

136,726

Cash at bank and in hand

25,514

1,609

405,361

396,395

CREDITORS

Amounts falling due within one year

6

372,883

408,947

NET CURRENT ASSETS/(LIABILITIES)

32,478

(12,552

)

TOTAL ASSETS LESS CURRENT LIABILITIES

636,989

654,582

CREDITORS

Amounts falling due after more than one year

7

(412,522

)

(430,262

)

PROVISIONS FOR LIABILITIES

(55,889

)

(55,889

)

NET ASSETS

168,578

168,431

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

168,478

168,331

SHAREHOLDERS' FUNDS

168,578

168,431

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2020 in accordance with Section 476 of the Companies Act 2006.

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 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 17 July 2021 and were signed by:

S Redden - Director

1.	STATUTORY INFORMATION

Redford Flowers 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.

Equipment

-

10% on reducing balance

Motor vehicles

-

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.

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 5 (2019 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Equipment

vehicles

Totals

£

£

£

COST

At 1 November 2019

and 31 October 2020

1,294,016

13,820

1,307,836

DEPRECIATION

At 1 November 2019

627,920

12,782

640,702

Charge for year

62,362

261

62,623

At 31 October 2020

690,282

13,043

703,325

NET BOOK VALUE

At 31 October 2020

603,734

777

604,511

At 31 October 2019

666,096

1,038

667,134

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

Trade debtors

125,747

136,726

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

Bank loans and overdrafts

52,410

93,610

Trade creditors

158,747

167,829

Social security and other taxes

46,587

46,863

Other creditors

115,139

100,645

372,883

408,947

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.20

31.10.19

£

£

Other creditors

412,522

415,862

Other loans - 2-5 years

-

14,400

412,522

430,262