Blomster Designs Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 09096821 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016

FOR

BLOMSTER DESIGNS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

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

Surrey

KT24 6JT

FIXED ASSETS

Intangible assets

2

108,000

144,000

Tangible assets

3

19,317

3,964

127,317

147,964

CURRENT ASSETS

Stocks

40,178

35,012

Debtors

52,355

69,338

Cash at bank

28,146

14,375

120,679

118,725

CREDITORS

Amounts falling due within one
year

222,259

235,353

NET CURRENT LIABILITIES

(101,580

)

(116,628

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

25,737

31,336

CREDITORS

Amounts falling due after more
than one year

24,421

23,587

NET ASSETS

1,316

7,749

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

1,216

7,649

SHAREHOLDERS' FUNDS

1,316

7,749

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on
8 November 2016 and were signed on its behalf by:

Ms C New - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost

convention and in accordance with the Financial Reporting Standard for

Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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.

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after

making due allowance for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have

originated but not reversed at the balance sheet date.

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 the profit and loss

account over the relevant period. The capital element of the future

payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss

account on a straight line basis over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

180,000

AMORTISATION

At 1 July 2015

36,000

Amortisation for year

36,000

At 30 June 2016

72,000

NET BOOK VALUE

At 30 June 2016

108,000

At 30 June 2015

144,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

4,404

Additions

24,392

Disposals

(3,333

)

At 30 June 2016

25,463

DEPRECIATION

At 1 July 2015

440

Charge for year

5,706

At 30 June 2016

6,146

NET BOOK VALUE

At 30 June 2016

19,317

At 30 June 2015

3,964

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

100

Ordinary Shares

£1

100