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REGISTERED NUMBER: SC580828 (Scotland)















Report of the Director and

Financial Statements for the Year Ended 30 November 2021

for

Blossom Mortgage Services Ltd

Blossom Mortgage Services Ltd (Registered number: SC580828)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Blossom Mortgage Services Ltd

Company Information
for the Year Ended 30 November 2021







DIRECTOR: Pamela Currie





REGISTERED OFFICE: 42 Wellesley Drive
Blackwood
Cumbernauld
Glasgow
G68 9PG





REGISTERED NUMBER: SC580828 (Scotland)





ACCOUNTANTS: NKA Chartered Certified Accountants
4 Lynedoch Place
Glasgow
G3 6AB

Blossom Mortgage Services Ltd (Registered number: SC580828)

Report of the Director
for the Year Ended 30 November 2021

The director presents her report with the financial statements of the company for the year ended 30 November 2021.

DIRECTOR
Pamela Currie held office during the whole of the period from 1 December 2020 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Pamela Currie - Director


15 August 2022

Blossom Mortgage Services Ltd (Registered number: SC580828)

Income Statement
for the Year Ended 30 November 2021

30.11.21 30.11.20
Notes £    £    £    £   

TURNOVER 43,183 26,138

Cost of sales 1,481 -
GROSS PROFIT 41,702 26,138

Distribution costs 9,029 9,051
Administrative expenses 18,381 5,119
27,410 14,170
OPERATING PROFIT 4 14,292 11,968


Interest payable and similar expenses 34 -
PROFIT BEFORE TAXATION 14,258 11,968

Tax on profit 2,566 2,017
PROFIT FOR THE FINANCIAL YEAR 11,692 9,951

Blossom Mortgage Services Ltd (Registered number: SC580828)

Balance Sheet
30 November 2021

30.11.21 30.11.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,161 2,132

CURRENT ASSETS
Debtors 6 - 1
Cash at bank and in hand 8,124 6,730
8,124 6,731
CREDITORS
Amounts falling due within one year 7 7,353 4,648
NET CURRENT ASSETS 771 2,083
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,932

4,215

CREDITORS
Amounts falling due after more than one
year

8

2,188

3,000
NET ASSETS 2,744 1,215

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 9 2,743 1,214
2,744 1,215

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 15 August 2022 and were signed by:




Pamela Currie - Director


Blossom Mortgage Services Ltd (Registered number: SC580828)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. STATUTORY INFORMATION

Blossom Mortgage Services Ltd is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

30.11.21 30.11.20
£    £   
Depreciation - owned assets 1,632 598

Blossom Mortgage Services Ltd (Registered number: SC580828)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2020 1,162 2,107 3,269
Additions 2,877 784 3,661
At 30 November 2021 4,039 2,891 6,930
DEPRECIATION
At 1 December 2020 448 689 1,137
Charge for year 857 775 1,632
At 30 November 2021 1,305 1,464 2,769
NET BOOK VALUE
At 30 November 2021 2,734 1,427 4,161
At 30 November 2020 714 1,418 2,132

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Other debtors - 1

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Bank loans and overdrafts 576 -
Tax 2,566 2,017
Social security and other taxes 80 51
Other creditors 1,560 1,680
Directors' current accounts 1,671 -
Accrued expenses 900 900
7,353 4,648

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.21 30.11.20
£    £   
Bounce Back Loan 2,188 3,000

Blossom Mortgage Services Ltd (Registered number: SC580828)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

9. RESERVES
Retained
earnings
£   

At 1 December 2020 1,214
Profit for the year 11,692
Dividends (10,163 )
At 30 November 2021 2,743