BLOOMSMITH_LTD - Accounts

BLOOMSMITH ADMINISTRATION LIMITED - Company Information

Print Friendly Version

Company Registration No. 08572719 (England and Wales)

BLOOMSMITH LTD

(FORMERLY LOANS4VAT LIMITED)

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 15 DECEMBER 2014

BLOOMSMITH LTD

(FORMERLY LOANS4VAT LIMITED)

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

BLOOMSMITH LTD

(FORMERLY LOANS4VAT LIMITED)

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BLOOMSMITH LTD FOR THE PERIOD ENDED 15 DECEMBER 2014

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 3 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bloomsmith Ltd for the period ended 15 December 2014 set out on pages 3 to 6 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, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Bloomsmith Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Bloomsmith Ltd and state those matters that we have agreed to state to the Board of Directors of Bloomsmith Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bloomsmith Ltd and it's Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Bloomsmith Ltd 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 Bloomsmith Ltd. You consider that Bloomsmith Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Bloomsmith Ltd. 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.

Gerald Edelman

12 March 2015

Chartered Accountants

73 Cornhill

London

EC3V 3QQ

BLOOMSMITH LTD

(FORMERLY LOANS4VAT LIMITED)

ABBREVIATED BALANCE SHEET

AS AT

15 DECEMBER 2014

- 2 -

2014

Notes

Current assets

Debtors

100

Cash at bank and in hand

13,089

13,189

Creditors: amounts falling due within one year

(26,500)

Total assets less current liabilities

(13,311)

Capital and reserves

Called up share capital

100

Profit and loss account

(13,411)

Shareholders' funds

(13,311)

For the financial period ended 15 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 12 March 2015

P Bloom

Director

Company Registration No. 08572719

BLOOMSMITH LTD

(FORMERLY LOANS4VAT LIMITED)

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 15 DECEMBER 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable in relation to loan interest and arrangement fees on an accruals basis.

1.4

Comparatives

There are no comparative figures this being the company's first period of account.

Share capital

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100