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REGISTERED NUMBER: 11759297 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Nova Blooms Limited

Nova Blooms Limited (Registered number: 11759297)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Nova Blooms Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: I Lucaci





REGISTERED OFFICE: Vine Nurseries
Spout Lane
Staines-upon-Thames
Middlesex
TW19 6BN





REGISTERED NUMBER: 11759297 (England and Wales)





ACCOUNTANTS: Dilena Limited
Nicholson House
41 Thames Street
Weybridge
Surrey
KT13 8JG

Nova Blooms Limited (Registered number: 11759297)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 46,907 56,948
Tangible assets 5 26,019 1,723
72,926 58,671

CURRENT ASSETS
Stocks - 5,000
Debtors 6 297 1,195
Cash at bank 263 27,910
560 34,105
CREDITORS
Amounts falling due within one year 7 178,469 129,720
NET CURRENT LIABILITIES (177,909 ) (95,615 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(104,983

)

(36,944

)

CREDITORS
Amounts falling due after more than one
year

8

16,577

24,947
NET LIABILITIES (121,560 ) (61,891 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (121,561 ) (61,892 )
SHAREHOLDERS' FUNDS (121,560 ) (61,891 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Nova Blooms Limited (Registered number: 11759297)

Balance Sheet - continued
31 January 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 October 2024 and were signed by:





I Lucaci - Director


Nova Blooms Limited (Registered number: 11759297)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Nova Blooms Limited is a private company, limited by shares , registered in England and Wales. 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.

Revenue
Revenue is generated through the production and sale of flowers and related products. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Nova Blooms Limited (Registered number: 11759297)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Going concern
At 31 January 2024 the statement of financial position reports net current liabilities of £177,909 (2023: £95,615). The Company is reliant upon the continued support of the director who has confirmed his ongoing support for the Company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023 175,474
Additions 44,253
At 31 January 2024 219,727
AMORTISATION
At 1 February 2023 118,526
Charge for year 54,294
At 31 January 2024 172,820
NET BOOK VALUE
At 31 January 2024 46,907
At 31 January 2023 56,948

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 3,945
Additions 39,750
At 31 January 2024 43,695
DEPRECIATION
At 1 February 2023 2,222
Charge for year 15,454
At 31 January 2024 17,676
NET BOOK VALUE
At 31 January 2024 26,019
At 31 January 2023 1,723

Nova Blooms Limited (Registered number: 11759297)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors - 1,158
Other debtors 297 37
297 1,195

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,144 9,891
Trade creditors 28,724 3,282
Taxation and social security 329 1,392
Other creditors 139,272 115,155
178,469 129,720

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 16,577 24,947

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Nova Blooms Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nova Blooms Limited for the year ended 31 January 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Nova Blooms Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Nova Blooms Limited and state those matters that we have agreed to state to the director of Nova Blooms Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nova Blooms Limited and its director for our work or for this report.

It is your duty to ensure that Nova Blooms Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Nova Blooms Limited. You consider that Nova Blooms Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Nova Blooms Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Dilena Limited
Nicholson House
41 Thames Street
Weybridge
Surrey
KT13 8JG


16 October 2024