Silverfin false false 31/12/2023 01/01/2023 31/12/2023 S J Barton 17/05/2019 A J Barton 17/05/2019 F A Barton 17/05/2019 T R Barton 17/05/2019 26 September 2024 The principal activity of the company is that of a florist. 12001827 2023-12-31 12001827 bus:Director1 2023-12-31 12001827 bus:Director2 2023-12-31 12001827 bus:Director3 2023-12-31 12001827 bus:Director4 2023-12-31 12001827 2022-12-31 12001827 core:CurrentFinancialInstruments 2023-12-31 12001827 core:CurrentFinancialInstruments 2022-12-31 12001827 core:ShareCapital 2023-12-31 12001827 core:ShareCapital 2022-12-31 12001827 core:RetainedEarningsAccumulatedLosses 2023-12-31 12001827 core:RetainedEarningsAccumulatedLosses 2022-12-31 12001827 core:Goodwill 2022-12-31 12001827 core:Goodwill 2023-12-31 12001827 core:OtherPropertyPlantEquipment 2022-12-31 12001827 core:OtherPropertyPlantEquipment 2023-12-31 12001827 bus:OrdinaryShareClass1 2023-12-31 12001827 2023-01-01 2023-12-31 12001827 bus:FilletedAccounts 2023-01-01 2023-12-31 12001827 bus:SmallEntities 2023-01-01 2023-12-31 12001827 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 12001827 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12001827 bus:Director1 2023-01-01 2023-12-31 12001827 bus:Director2 2023-01-01 2023-12-31 12001827 bus:Director3 2023-01-01 2023-12-31 12001827 bus:Director4 2023-01-01 2023-12-31 12001827 core:Goodwill core:TopRangeValue 2023-01-01 2023-12-31 12001827 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 12001827 2022-01-01 2022-12-31 12001827 core:Goodwill 2023-01-01 2023-12-31 12001827 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 12001827 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12001827 (England and Wales)

BEAUTY IN BLOOMS LTD

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

BEAUTY IN BLOOMS LTD

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

BEAUTY IN BLOOMS LTD

BALANCE SHEET

As at 31 December 2023
BEAUTY IN BLOOMS LTD

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 1,073 2,913
Tangible assets 4 8,645 11,578
9,718 14,491
Current assets
Stocks 5 12,048 11,353
Debtors 6 1,934 1,466
Cash at bank and in hand 13,024 14,438
27,006 27,257
Creditors: amounts falling due within one year 7 ( 95,606) ( 87,313)
Net current liabilities (68,600) (60,056)
Total assets less current liabilities (58,882) (45,565)
Net liabilities ( 58,882) ( 45,565)
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account ( 58,982 ) ( 45,665 )
Total shareholders' deficit ( 58,882) ( 45,565)

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Beauty in Blooms Ltd (registered number: 12001827) were approved and authorised for issue by the Board of Directors on 26 September 2024. They were signed on its behalf by:

A J Barton
Director
F A Barton
Director
BEAUTY IN BLOOMS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
BEAUTY IN BLOOMS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Beauty in Blooms Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 7 London Road, Twyford, Reading, Berkshire, , England, RG10 9EH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Retirement benefits

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

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 10 10

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 January 2023 9,200 9,200
At 31 December 2023 9,200 9,200
Accumulated amortisation
At 01 January 2023 6,287 6,287
Charge for the financial year 1,840 1,840
At 31 December 2023 8,127 8,127
Net book value
At 31 December 2023 1,073 1,073
At 31 December 2022 2,913 2,913

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2023 26,631 26,631
At 31 December 2023 26,631 26,631
Accumulated depreciation
At 01 January 2023 15,053 15,053
Charge for the financial year 2,933 2,933
At 31 December 2023 17,986 17,986
Net book value
At 31 December 2023 8,645 8,645
At 31 December 2022 11,578 11,578

5. Stocks

2023 2022
£ £
Stocks 12,048 11,353

6. Debtors

2023 2022
£ £
Trade debtors 1,934 1,466

7. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 26,274 20,118
Other taxation and social security 4,771 5,056
Other creditors 64,561 62,139
95,606 87,313

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100