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 2021

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

403,199

604,132

CURRENT ASSETS

Debtors

380,198

-

Prepayments and accrued income

957

957

Cash at bank

42,883

28,305

424,038

29,262

CREDITORS

Amounts falling due within one year

82,522

1,848

NET CURRENT ASSETS

341,516

27,414

TOTAL ASSETS LESS CURRENT LIABILITIES

744,715

631,546

CREDITORS

Amounts falling due after more than one year

5

120,000

-

NET ASSETS

624,715

631,546

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

6

82,174

149,922

Retained earnings

542,441

481,524

624,715

631,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2021 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 2021 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 28th January 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 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st May 2020

611,216

Disposals

(202,333

)

At 30th April 2021

408,883

DEPRECIATION

At 1st May 2020

7,084

Charge for year

933

Eliminated on disposal

(2,333

)

At 30th April 2021

5,684

NET BOOK VALUE

At 30th April 2021

403,199

At 30th April 2020

604,132

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

30.4.21

30.4.20

£

£

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

120,000

-

6.

RESERVES

Revaluation

reserve

£

At 1st May 2020

149,922

No description

(67,748

)

At 30th April 2021

82,174

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2021 and 30th April 2020:

30.4.21

30.4.20

£

£

C J Barr

Balance outstanding at start of year

-

-

Amounts advanced

298,239

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

298,239

-

The directors repaid £50,000 of the loan to the company on 25 January 2022.