Flowerbx Limited - Abbreviated accounts

Registered number

08949674

Flowerbx Limited

Abbreviated Accounts

31 March 2015

Flowerbx Limited
Registered number:		08949674
Abbreviated Balance Sheet
as at 31 March 2015

Notes			2015
£
Fixed assets
Intangible assets	2		4,176
Tangible assets	3		68,506
			72,682

Current assets
Debtors		20,574
Cash at bank and in hand		24,942
		45,516

Creditors: amounts falling due within one year		(38,404)

Net current assets			7,112

Total assets less current liabilities			79,794

Creditors: amounts falling due after more than one year			(28,440)


Net assets			51,354

Capital and reserves
Called up share capital	4		56,022
Share premium			51,333
Profit and loss account			(56,001)

Shareholders' funds			51,354

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



A P Wilkie
Director
Approved by the board on 17 December 2015

Flowerbx Limited
Notes to the Abbreviated Accounts
for the period ended 31 March 2015

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2008).

	Turnover
	The company has not generated any turnover during the period.

	Intangible fixed assets
	Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life. Where the directors consider that there has been a permanent impairment in value the asset is written off to its realisable value in the period of impairment.

	Trademarks			equally over 5 years
	Branding			equally over 5 years

	Tangible fixed assets
	Tangible fixed assets of the company are valued at historic cost less accumulated depreciation and are depreciated over their useful economic life as follows:

	Plant and equipment			25% straight line
	Motor vehicles			25% straight line

	Stock
	Stock is valued at the lower of cost and net realisable value.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the lease term.

	Going concern
	The financial statements have been prepared on the going concern basis. The company incurred losses during the period, however the directors are confident that the performance will be reversed when the company becomes fully operational. Additionally, the directors are also confident the company will raise additional equity funds in the future. On this basis, the directors are therefore of the opinion that they should continue to adopt the going concern basis in preparing the annual financial statements.


2	Intangible fixed assets					£

	Cost
	Additions					5,220
	At 31 March 2015					5,220

	Amortisation
	Provided during the period					1,044
	At 31 March 2015					1,044

	Net book value
	At 31 March 2015					4,176


3	Tangible fixed assets					£

	Cost
	Additions					91,341
	At 31 March 2015					91,341

	Depreciation
	Charge for the period					22,835
	At 31 March 2015					22,835

	Net book value
	At 31 March 2015					68,506


4	Share capital	Nominal		2015		2015
value			Number		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		56,022		56,022

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		56,022		56,022

	On 20 March 2014 the company issued 100 Preference shares of £0.01 each for cash consideration. The shares had full rights in respect of voting, dividends and distribution. On 16 July 2014 the 100 Preference Shares of £0.01 each were reclassified as 1 Ordinary share of £1. The Ordinary share had full rights in respect of voting, dividends and any distribution. On 16 July 2014 the company issued 19,999 Ordinary shares of £1 each at par for cash consideration. On 28 August 2014 the company issued 36,022 Ordinary shares of aggregate nominal value of £36,022 for a total cash consideration of £90,055.