Bloomin Beautiful Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08411786 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2019

for

Bloomin Beautiful Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

Mrs C Gisbourne

SECRETARY:

S M Gisbourne

REGISTERED OFFICE:

29 Devizes Road

Swindon

Wiltshire

SN1 4BG

REGISTERED NUMBER:

08411786 (England and Wales)

ACCOUNTANTS:

PPS Chartered Accountants

29 Devizes Road

Swindon

Wiltshire

SN1 4BG

FIXED ASSETS

Intangible assets

4

24,500

30,500

Tangible assets

5

768

405

25,268

30,905

CURRENT ASSETS

Stocks

14,500

14,588

Cash at bank and in hand

9,848

9,062

24,348

23,650

CREDITORS

Amounts falling due within one year

6

34,640

43,443

NET CURRENT LIABILITIES

(10,292

)

(19,793

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,976

11,112

CREDITORS

Amounts falling due after more than one year

7

(20,340

)

(7,829

)

PROVISIONS FOR LIABILITIES

(146

)

(77

)

NET (LIABILITIES)/ASSETS

(5,510

)

3,206

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

(5,610

)

3,106

SHAREHOLDERS' FUNDS

(5,510

)

3,206

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 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 applicable to companies subject to the small companies regime.

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 25 November 2019 and were signed by:

Mrs C Gisbourne - Director

1.	STATUTORY INFORMATION

Bloomin Beautiful 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

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 etc

-

25% on cost

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 balance sheet date.

Deferred tax

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

balance sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2018 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2018

and 28 February 2019

60,000

AMORTISATION

At 1 March 2018

29,500

Charge for year

6,000

At 28 February 2019

35,500

NET BOOK VALUE

At 28 February 2019

24,500

At 28 February 2018

30,500

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2018

16,009

Additions

1,024

At 28 February 2019

17,033

DEPRECIATION

At 1 March 2018

15,604

Charge for year

661

At 28 February 2019

16,265

NET BOOK VALUE

At 28 February 2019

768

At 28 February 2018

405

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Bank loans and overdrafts

2,878

-

Trade creditors

6,279

7,885

Taxation and social security

5,795

7,827

Other creditors

19,688

27,731

34,640

43,443

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.19

28.2.18

£

£

Bank loans

20,340

-

Other creditors

-

7,829

20,340

7,829

Amounts falling due in more than five years:

Repayable by instalments

Bank loans greater than 5 years

5,994

-

8.

RESERVES

Retained

earnings

£

At 1 March 2018

3,106

Deficit for the year

(8,716

)

At 28 February 2019

(5,610

)

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs C Gisbourne.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements

and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Bloomin Beautiful Limited for the year ended 28 February 2019 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Bloomin Beautiful Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bloomin Beautiful Limited and state those matters that we have agreed to state to the director of Bloomin Beautiful Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bloomin Beautiful Limited and its director for our work or for this report.

It is your duty to ensure that Bloomin Beautiful Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Bloomin Beautiful Limited. You consider that Bloomin Beautiful Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bloomin Beautiful Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

PPS Chartered Accountants

29 Devizes Road

Swindon

Wiltshire

SN1 4BG

25 November 2019