Company Registration No. 11065528 (England and Wales)
CANDY FLOSSS LIMITED
Unaudited accounts
for the year ended 30 November 2022
CANDY FLOSSS LIMITED
Unaudited accounts
Contents
CANDY FLOSSS LIMITED
Company Information
for the year ended 30 November 2022
Company Number
11065528 (England and Wales)
Registered Office
36 FIRST AVENUE
LONDON
E12 6AN
UNITED KINGDOM
Accountants
Connect Accountants Ltd
1 Deer Close
Grange Park
Northampton
Northamptonshire
NN4 5DN
CANDY FLOSSS LIMITED
Statement of financial position
as at 30 November 2022
Tangible assets
5,202
8,410
Cash at bank and in hand
1,346
61,545
Creditors: amounts falling due within one year
(195,810)
(191,862)
Net current liabilities
(6,678)
(3,338)
Total assets less current liabilities
(1,476)
5,072
Creditors: amounts falling due after more than one year
(38,878)
(50,000)
Net liabilities
(40,354)
(44,928)
Called up share capital
2
2
Profit and loss account
(40,356)
(44,930)
Shareholders' funds
(40,354)
(44,928)
For the year ending 30 November 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 August 2023 and were signed on its behalf by
Md Abu Saifuddin
Director
Company Registration No. 11065528
CANDY FLOSSS LIMITED
Notes to the Accounts
for the year ended 30 November 2022
CANDY FLOSSS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11065528. The registered office is 36 FIRST AVENUE, LONDON, E12 6AN, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20 years straight line basis
Plant & machinery
5 years straight line basis
Fixtures & fittings
5 years straight line basis
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
CANDY FLOSSS LIMITED
Notes to the Accounts
for the year ended 30 November 2022
4
Tangible fixed assets
Plant & machinery
At 30 November 2022
22,543
At 30 November 2022
17,341
Amounts falling due within one year
Amounts due from group undertakings etc.
178,500
126,979
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
36,513
665
Loans from directors
153,349
190,149
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 16 (2021: 14).
