Blomster Designs Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09096821 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020

FOR

BLOMSTER DESIGNS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J New

Ms C New

REGISTERED OFFICE:

Centora Ltd

Jury farm

Riply Lane

West Horsley

KT24 6JT

REGISTERED NUMBER:

09096821 (England and Wales)

ACCOUNTANTS:

Centora Ltd

Jury Farm

Ripley Lane

West Horsley

KT24 6JT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

6,759

8,865

6,759

8,865

CURRENT ASSETS

Stocks

52,900

50,460

Debtors

6

34,737

98,618

Cash at bank

2,315

2,433

89,952

151,511

CREDITORS

Amounts falling due within one year

7

90,106

155,431

NET CURRENT LIABILITIES

(154

)

(3,920

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,605

4,945

CREDITORS

Amounts falling due after more than one year

8

-

(2,523

)

PROVISIONS FOR LIABILITIES

(1,284

)

(2,016

)

NET ASSETS

5,321

406

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5,221

306

SHAREHOLDERS' FUNDS

5,321

406

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 3 December 2020 and were signed on its behalf by:

Ms C New - Director

1.	STATUTORY INFORMATION

Blomster Designs 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 2014, is being amortised evenly over its estimated useful life of five 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

10% on cost

Plant and machinery etc

-

25% 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 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is

the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

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 12 (2019 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2019

and 30 June 2020

180,000

AMORTISATION

At 1 July 2019

and 30 June 2020

180,000

NET BOOK VALUE

At 30 June 2020

-

At 30 June 2019

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2019

and 30 June 2020

4,404

21,059

25,463

DEPRECIATION

At 1 July 2019

2,202

14,396

16,598

Charge for year

440

1,666

2,106

At 30 June 2020

2,642

16,062

18,704

NET BOOK VALUE

At 30 June 2020

1,762

4,997

6,759

At 30 June 2019

2,202

6,663

8,865

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 July 2019

and 30 June 2020

21,059

DEPRECIATION

At 1 July 2019

and 30 June 2020

10,447

NET BOOK VALUE

At 30 June 2020

10,612

At 30 June 2019

10,612

6.

DEBTORS

30.6.20

30.6.19

£

£

Amounts falling due within one year:

Trade debtors

4,350

62,521

Other debtors

29,946

968

34,296

63,489

Amounts falling due after more than one year:

Other debtors

441

35,129

Aggregate amounts

34,737

98,618

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Hire purchase contracts

1,322

1,033

Trade creditors

10,223

64,358

Taxation and social security

59,083

63,721

Other creditors

19,478

26,319

90,106

155,431

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.20

30.6.19

£

£

Hire purchase contracts

-

2,523