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PEMIZETT FLOWERS LIMITED |
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Financial Statements |
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for the Year Ended 31 March 2021 |
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PEMIZETT FLOWERS LIMITED |
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Financial Statements |
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for the Year Ended 31 March 2021 |
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PEMIZETT FLOWERS LIMITED (REGISTERED NUMBER: 04704462) |
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Contents of the Financial Statements |
for the year ended 31 March 2021 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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PEMIZETT FLOWERS LIMITED |
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Company Information |
for the year ended 31 March 2021 |
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Director: |
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Registered office: |
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Registered number: |
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Accountants: |
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Chartered Accountants |
New Derwent House |
69-73 Theobalds Road |
London |
WC1X 8TA |
PEMIZETT FLOWERS LIMITED (REGISTERED NUMBER: 04704462) |
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Balance Sheet |
31 March 2021 |
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2021 | 2020 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
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Current assets |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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Creditors |
Amounts falling due within one year | 6 |
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Net current assets/(liabilities) |
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( |
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Total assets less current liabilities |
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( |
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Creditors |
Amounts falling due after more than one
year |
7 |
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Net assets/(liabilities) |
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( |
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Capital and reserves |
Called up share capital | 8 |
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Retained earnings |
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( |
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Shareholders' funds |
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( |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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PEMIZETT FLOWERS LIMITED (REGISTERED NUMBER: 04704462) |
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Notes to the Financial Statements |
for the year ended 31 March 2021 |
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1. | Statutory information |
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Pemizett Flowers Limited is a
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Turnover represents amounts receivable for goods provided in the year and is stated net of VAT. |
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Tangible fixed assets |
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Improvements to property | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Government grants |
During the period the company benefited from £30,756 of government grant in the form of Coronavirus Job |
Retention Scheme. In accordance with our accounting policy this credit is included in other income within the Income Statement over the same period as the staff costs for which it compensates. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 balance sheet date. |
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Going concern |
.Following the emergence and spread of the coronavirus (COVID-19) as well as its financial effects on business's worldwide the directors have considered its effects on the business of the company and believe there are sufficient funds available for the business to continue as a going concern |
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3. | Employees and directors |
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The average number of employees during the year was
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PEMIZETT FLOWERS LIMITED (REGISTERED NUMBER: 04704462) |
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Notes to the Financial Statements - continued |
for the year ended 31 March 2021 |
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4. | Tangible fixed assets |
Plant and |
machinery |
etc |
£ |
Cost |
At 1 April 2020 |
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Additions |
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At 31 March 2021 |
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Depreciation |
At 1 April 2020 |
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Charge for year |
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At 31 March 2021 |
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Net book value |
At 31 March 2021 |
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At 31 March 2020 |
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5. | Debtors: amounts falling due within one year |
2021 | 2020 |
£ | £ |
Other debtors |
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6. | Creditors: amounts falling due within one year |
2021 | 2020 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | Creditors: amounts falling due after more than one year |
2021 | 2020 |
£ | £ |
Bank loans |
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8. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
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Ordinary | £1 | 1 | 1 |
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9. | Related party disclosures |
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As at the year end, the director Pembe Izzet owed the company £3,809 (2019 : £15,309). This amount has been included in the other debtors and has been repaid shortly after the year end. |