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COMPANY REGISTRATION NUMBER: 11439084
Blossom Gardening Commercial Ltd
Filleted Unaudited Financial Statements
30 June 2023
Blossom Gardening Commercial Ltd
Balance Sheet
30 June 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
6,044
7,554
Current assets
Stocks
5,800
3,500
Debtors
6
154,821
184,088
Cash at bank and in hand
353,559
129,426
----------
----------
514,180
317,014
Creditors: amounts falling due within one year
7
( 170,982)
( 72,173)
----------
----------
Net current assets
343,198
244,841
----------
----------
Total assets less current liabilities
349,242
252,395
Creditors: amounts falling due after more than one year
8
( 38,454)
( 46,841)
----------
----------
Net assets
310,788
205,554
----------
----------
Capital and reserves
Called up share capital
2
2
Profit and loss account
310,786
205,552
----------
----------
Shareholders funds
310,788
205,554
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Blossom Gardening Commercial Ltd
Balance Sheet (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 11 April 2024 , and are signed on behalf of the board by:
Mr M Lipschitz
Director
Company registration number: 11439084
Blossom Gardening Commercial Ltd
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is New Burlington House, 1075 Finchley Road, London, NW11 0PU.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings
-
10% reducing balance
Motor Vehicles
-
25% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowances.
Hire purchase contracts
Assets held under hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 11 (2022: 8 ).
5. Tangible assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Fair value
At 1 July 2022 and 30 June 2023
5,419
15,900
21,319
-------
---------
---------
Depreciation
At 1 July 2022
2,896
10,869
13,765
Charge for the year
252
1,258
1,510
-------
---------
---------
At 30 June 2023
3,148
12,127
15,275
-------
---------
---------
Carrying amount
At 30 June 2023
2,271
3,773
6,044
-------
---------
---------
At 30 June 2022
2,523
5,031
7,554
-------
---------
---------
6. Debtors
2023
2022
£
£
Trade debtors
75,374
158,407
Directors loan account
12,385
Other debtors
79,447
13,296
----------
----------
154,821
184,088
----------
----------
Included in other debtors are amounts outstanding from companies with a common director with this company.
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,888
1,888
Accruals and deferred income
3,116
7,834
Corporation tax
47,874
34,571
Social security and other taxes
13,470
25,581
Director loan accounts
469
Other creditors
104,165
2,299
----------
---------
170,982
72,173
----------
---------
Other creditors include amounts totalling £4,165 outstanding to companies with a common director with this company.
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
35,544
40,683
Other creditors
2,910
6,158
---------
---------
38,454
46,841
---------
---------
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
Balance brought forward and outstanding
2023
2022
£
£
Mr M Lipschitz
12,385
----
---------