BARTLEY'S FLOWERS LIMITED - Limited company accounts 17.3
BARTLEY'S FLOWERS LIMITED - Limited company accounts 17.3
| REGISTERED NUMBER: |
| REPORT OF THE DIRECTOR AND |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2017 |
| FOR |
| BARTLEY'S FLOWERS LIMITED |
| BARTLEY'S FLOWERS LIMITED (Registered number: 04042528) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 JULY 2017 |
| Page |
| Company Information | 1 |
| Report of the Director | 2 |
| Statement of Income and Retained Earnings | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 6 |
| BARTLEY'S FLOWERS LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 JULY 2017 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Unit C |
| Broomsleigh Business Park |
| Worsley Bridge Road |
| London |
| SE26 5BN |
| BANKERS: |
| BARTLEY'S FLOWERS LIMITED (Registered number: 04042528) |
| REPORT OF THE DIRECTOR |
| for the Year Ended 31 JULY 2017 |
| The director presents his report with the financial statements of the company for the year ended 31 July 2017. |
| PRINCIPAL ACTIVITY |
| The principal activity of the company in the year under review was that of Retail Florists. |
| DIVIDENDS |
| An interim dividend of £ paid. |
| The total distribution of dividends for the year ended 31 July 2017 will be £ |
| DIRECTOR |
| ON BEHALF OF THE BOARD: |
| BARTLEY'S FLOWERS LIMITED (Registered number: 04042528) |
| STATEMENT OF INCOME AND RETAINED EARNINGS |
| for the Year Ended 31 JULY 2017 |
| 31.7.17 | 31.7.16 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| OPERATING PROFIT | 4 |
| Interest payable and similar expenses |
| PROFIT BEFORE TAXATION |
| Tax on profit | 5 |
| PROFIT FOR THE FINANCIAL YEAR |
| Retained earnings at beginning of year |
| Dividends | 6 | ( |
) | ( |
) |
| RETAINED EARNINGS AT END OF YEAR |
| BARTLEY'S FLOWERS LIMITED (Registered number: 04042528) |
| STATEMENT OF FINANCIAL POSITION |
| 31 JULY 2017 |
| 31.7.17 | 31.7.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 7 |
| Tangible assets | 8 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 9 |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 10 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
11 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 12 |
| Retained earnings | 13 |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| BARTLEY'S FLOWERS LIMITED (Registered number: 04042528) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 31 JULY 2017 |
| The financial statements were approved by the director on |
| BARTLEY'S FLOWERS LIMITED (Registered number: 04042528) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 JULY 2017 |
| 1. | STATUTORY INFORMATION |
| BARTLEY'S FLOWERS LIMITED is a |
| 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 |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Goodwill |
| The Director considers that the reputation and quality of service provided by the company means that there is no |
| diminution in the value of the Goodwill purchased. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
| less any accumulated amortisation and any accumulated impairment losses. |
| 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 - 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 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. |
| BARTLEY'S FLOWERS LIMITED (Registered number: 04042528) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 JULY 2017 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average monthly number of employees during the year was |
| 31.7.17 | 31.7.16 |
| £ | £ |
| Director's remuneration |
| 4. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 31.7.17 | 31.7.16 |
| £ | £ |
| Depreciation - owned assets |
| 5. | TAXATION |
| Analysis of the tax charge |
| The tax charge on the profit for the year was as follows: |
| 31.7.17 | 31.7.16 |
| £ | £ |
| Current tax: |
| UK corporation tax |
| Tax on profit |
| 6. | DIVIDENDS |
| 31.7.17 | 31.7.16 |
| £ | £ |
| Ordinary shares of £1 each |
| Interim |
| 7. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 August 2016 |
| and 31 July 2017 |
| NET BOOK VALUE |
| At 31 July 2017 |
| At 31 July 2016 |
| BARTLEY'S FLOWERS LIMITED (Registered number: 04042528) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 JULY 2017 |
| 8. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 August 2016 |
| and 31 July 2017 |
| DEPRECIATION |
| At 1 August 2016 |
| Charge for year |
| At 31 July 2017 |
| NET BOOK VALUE |
| At 31 July 2017 |
| At 31 July 2016 |
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.17 | 31.7.16 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.17 | 31.7.16 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 11. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.7.17 | 31.7.16 |
| £ | £ |
| Other creditors |
| 12. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.7.17 | 31.7.16 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| BARTLEY'S FLOWERS LIMITED (Registered number: 04042528) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 JULY 2017 |
| 13. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 August 2016 |
| Profit for the year |
| Dividends | ( |
) |
| At 31 July 2017 |