Company registration number 11471284 (England and Wales)
COCO & BLOOM LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JULY 2022
PAGES FOR FILING WITH REGISTRAR
COCO & BLOOM LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
COCO & BLOOM LIMITED (REGISTERED NUMBER: 11471284)
BALANCE SHEET
AS AT 30 JULY 2022
30 July 2022
- 1 -
30 July 2022
31 July 2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
16,343
11,830
Current assets
Debtors
4
30,615
33,325
Cash at bank and in hand
8,742
35,021
39,357
68,346
Creditors: amounts falling due within one year
5
(57,220)
(62,485)
Net current (liabilities)/assets
(17,863)
5,861
Total assets less current liabilities
(1,520)
17,691
Creditors: amounts falling due after more than one year
6
(29,097)
(38,885)
Net liabilities
(30,617)
(21,194)
Capital and reserves
Called up share capital
7
1,000
1,000
Profit and loss reserves
(31,617)
(22,194)
Total equity
(30,617)
(21,194)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 30 July 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

COCO & BLOOM LIMITED (REGISTERED NUMBER: 11471284)
BALANCE SHEET (CONTINUED)
AS AT 30 JULY 2022
30 July 2022
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 27 October 2023
Ms R Sarginson
Director
COCO & BLOOM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JULY 2022
- 3 -
1
Accounting policies
Company information

Coco & Bloom Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19-21 Swan Street, West Malling, Kent, ME19 6JU.

1.1
Reporting period

The reporting period used is shorter than a full year, and therefore comparative amounts are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

The balance sheet shows net liabilities, the director is the main creditor of the company and has confirmed that she will continue to support the company for the foreseeable future. Therefore, the accounts have been prepared on a going concern basis.true

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
- 10% straight line
Fixtures and fittings
- 25% on reducing balance
Website
- 25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

COCO & BLOOM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JULY 2022
1
Accounting policies
(Continued)
- 4 -
1.7
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2022
2021
Number
Number
Total
3
3
3
Tangible fixed assets
Leasehold land and buildings
Fixtures and fittings
Website
Total
£
£
£
£
Cost
At 1 August 2021
3,828
15,689
960
20,477
Additions
-
0
8,964
-
0
8,964
At 30 July 2022
3,828
24,653
960
29,441
Depreciation and impairment
At 1 August 2021
894
7,333
420
8,647
Depreciation charged in the period
383
3,933
135
4,451
At 30 July 2022
1,277
11,266
555
13,098
Carrying amount
At 30 July 2022
2,551
13,387
405
16,343
At 31 July 2021
2,934
8,356
540
11,830
COCO & BLOOM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JULY 2022
- 5 -
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
5,477
7,053
Other debtors
25,138
26,272
30,615
33,325
5
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans
9,788
9,547
Trade creditors
9,491
19,542
Taxation and social security
19,341
12,632
Other creditors
18,600
20,764
57,220
62,485
6
Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
29,097
38,885
7
Called up share capital
2022
2021
2022
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1,000
1,000
1,000
1,000
8
Financial commitments, guarantees and contingent liabilities

In the 2020 accounting period, the company borrowed £50,000 from its bankers. As part of the loan scheme, the UK government guaranteed the advance and paid any fees due for the first 12 months.

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