Serendipity Florist Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 08473945 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Serendipity Florist Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Ms A J Barker

REGISTERED OFFICE:

42 Church Road

North Ferriby

North Humberside

HU14 3BU

REGISTERED NUMBER:

08473945 (England and Wales)

ACCOUNTANTS:

360 Accountants Limited

19 Albion Street

Hull

East Yorkshire

HU1 3TG

BANKERS:

HSBC

55 Whitefriargate

Hull

HU1 2HX

FIXED ASSETS

Tangible assets

5

960

1,232

CURRENT ASSETS

Stocks

4,550

4,350

Debtors

-

1,267

4,550

5,617

CREDITORS

Amounts falling due within one year

32,411

14,572

NET CURRENT LIABILITIES

(27,861

)

(8,955

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(26,901

)

(7,723

)

CAPITAL AND RESERVES

Called up share capital

7

30

30

Retained earnings

(26,931

)

(7,753

)

SHAREHOLDERS' FUNDS

(26,901

)

(7,723

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2017 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 director on 28 April 2017 and were signed by:

Ms A J Barker - Director

1.	STATUTORY INFORMATION

Serendipity Florist 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.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 1 April 2016.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Plant and machinery etc

-

33% on cost and 20% 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 that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of

financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

2,608

DEPRECIATION

At 1 April 2016

1,376

Charge for year

272

At 31 March 2017

1,648

NET BOOK VALUE

At 31 March 2017

960

At 31 March 2016

1,232

6.

LOANS

An analysis of the maturity of loans is given below:

31/3/17

31/3/16

£

£

Amounts falling due within one year or on demand:

Other loans

2,131

2,122

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/17

31/3/16

value:

£

£

30

Ordinary

£1

30

30

8.	ULTIMATE CONTROLLING PARTY

In the opinion of the director the ultimate controlling party is Ms A Barker.