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FLIPPINIMAGE LIMITED - Company Information

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2021-04-01 06704795 2022-03-31 06704795 2021-04-01 2022-03-31 06704795 2021-03-31 06704795 2020-04-01 2021-03-31 06704795 uk-core:WithinOneYear 2021-03-31 06704795 uk-core:WithinOneYear 2022-03-31 06704795 uk-core:AfterOneYear 2021-03-31 06704795 uk-core:AfterOneYear 2022-03-31 06704795 uk-core:ShareCapital 2022-03-31 06704795 uk-core:ShareCapital 2021-03-31 06704795 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 06704795 uk-core:RetainedEarningsAccumulatedLosses 2021-03-31 06704795 uk-bus:Director1 2021-04-01 2022-03-31 06704795 uk-core:ComputerEquipment 2021-04-01 2022-03-31 06704795 uk-core:WithinOneYear 2022-03-31 06704795 uk-core:WithinOneYear 2021-03-31 06704795 uk-core:AfterOneYear uk-core:Secured 2022-03-31 06704795 uk-core:AfterOneYear uk-core:Secured 2021-03-31 iso4217:GBP xbrli:pure 06704795 uk-bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 06704795 uk-bus:FRS102 2021-04-01 2022-03-31 06704795 uk-bus:FullAccounts 2021-04-01 2022-03-31 06704795 uk-bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31
flippinimage limited
Registered Number:06704795
For the year ended 31 March 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2022
flippinimage limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
06704795
As at 31 March 2022
flippinimage limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
2,069
2,839
2
2,069
2,839
Current assets
Inventories
1,658
513
3
Trade and other receivables
23,556
20,375
4
341
Cash and cash equivalents
593
21,481
25,555
Trade and other payables: amounts falling due within one
year
(10,604)
(14,435)
5
14,951
7,046
Net current assets
Total assets less current liabilities
9,115
17,790
Trade and other payables: amounts falling due after more
than one year
(15,000)
(10,156)
6
(1,041)
Net assets/liabilities
2,790
Capital and reserves
Called up share capital
1
1
Retained earnings
(1,042)
2,789
(1,041)
2,790
Shareholders' funds
For the year ended 31 March 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
P E Hawthorne Director
These financial statements were approved and authorised for issue by the Board on 15 March 2023 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 March 2022
flippinimage limited
Notes to the Financial Statements
Statutory Information
flippinimage limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 06704795.
Principal place of business:
Sample Oak Lane
Chilworth
Guildford
Surrey
GU4 8QW
Registered address:
Forest Lodge
Forest Road
Pyrford
Surrey
GU22 8NA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Straight line
Computer Equipment
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
2 of 4
5
For the year ended 31 March 2022
flippinimage limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Computer
Equipment
£
Cost or
valuation
At 01 April 2021
21,900
At 31 March 2022
21,900
Provision for depreciation and impairment
At 01 April 2021
19,061
Charge for year
770
At 31 March 2022
19,831
At 31 March 2022
Net book value
2,069
At 31 March 2021
2,839
3. Inventories
2021
2022
£
£
Stocks
513
1,658
4. Trade and other receivables
2021
2022
£
£
Trade debtors
20,222
22,910
Other debtors
153
646
23,556
20,375
5. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Bank loans and overdraft
3,000
-
Trade creditors
5,820
4,713
Taxation and social security
1,069
1,230
Other creditors
4,546
4,661
14,435
10,604
3 of 4
6
For the year ended 31 March 2022
flippinimage limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft
10,156
15,000
7. Average number of persons employed
During the year the average number of employees was 0
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