Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activity2023-04-01false86truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08928342 2023-04-01 2024-03-31 08928342 2022-04-01 2023-03-31 08928342 2024-03-31 08928342 2023-03-31 08928342 c:Director1 2023-04-01 2024-03-31 08928342 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 08928342 d:Buildings d:ShortLeaseholdAssets 2024-03-31 08928342 d:Buildings d:ShortLeaseholdAssets 2023-03-31 08928342 d:PlantMachinery 2023-04-01 2024-03-31 08928342 d:PlantMachinery 2024-03-31 08928342 d:PlantMachinery 2023-03-31 08928342 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08928342 d:MotorVehicles 2023-04-01 2024-03-31 08928342 d:MotorVehicles 2024-03-31 08928342 d:MotorVehicles 2023-03-31 08928342 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08928342 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08928342 d:CurrentFinancialInstruments 2024-03-31 08928342 d:CurrentFinancialInstruments 2023-03-31 08928342 d:Non-currentFinancialInstruments 2024-03-31 08928342 d:Non-currentFinancialInstruments 2023-03-31 08928342 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08928342 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08928342 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08928342 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08928342 d:ShareCapital 2024-03-31 08928342 d:ShareCapital 2023-03-31 08928342 d:RetainedEarningsAccumulatedLosses 2024-03-31 08928342 d:RetainedEarningsAccumulatedLosses 2023-03-31 08928342 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 08928342 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 08928342 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 08928342 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 08928342 c:FRS102 2023-04-01 2024-03-31 08928342 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08928342 c:FullAccounts 2023-04-01 2024-03-31 08928342 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 08928342









BLOOMING HAUS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BLOOMING HAUS LIMITED
REGISTERED NUMBER: 08928342

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
254,739
64,686

  
254,739
64,686

Current assets
  

Stocks
  
187,438
7,000

Debtors: amounts falling due after more than one year
 5 
57,036
21,332

Debtors: amounts falling due within one year
 5 
263,599
212,201

Cash at bank and in hand
  
40,271
20,280

  
548,344
260,813

Creditors: amounts falling due within one year
 6 
(609,390)
(219,386)

Net current (liabilities)/assets
  
 
 
(61,046)
 
 
41,427

Total assets less current liabilities
  
193,693
106,113

Creditors: amounts falling due after more than one year
 7 
(174,993)
(40,893)

Provisions for liabilities
  

Deferred tax
 8 
(1,019)
(16,171)

  
 
 
(1,019)
 
 
(16,171)

Net assets
  
17,681
49,049


Capital and reserves
  

Called up share capital 
  
12,003
12,003

Profit and loss account
  
5,678
37,046

  
17,681
49,049


Page 1

 
BLOOMING HAUS LIMITED
REGISTERED NUMBER: 08928342
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 October 2024.

M Dariane
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
BLOOMING HAUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Blooming Haus Limited is a private company limited by shares and registered in England & Wales.
The registered office address is Hewlett House 5 Havelock Terrace, Unit 4g, London, England, SW8 4AS which is the company's principal place of business.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have reviewed the company's forecasts and projections and are of the opinion that the company will be able to continue as a going concern for the foreseeable future and accordingly these financial statements are prepared on the going concern basis.

 
2.3

Revenue

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. The following criteria must also be met before revenue is recognised:
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
BLOOMING HAUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss. 
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Company can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
BLOOMING HAUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Short-term leasehold property
-
over the term of the leases
Plant and machinery
-
25%
per annum on the reducing balance
Motor vehicles
-
25%
per annum on the reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a unit cost basis. 
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Debtors are measured at transaction price, less any impairment. 

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Creditors are measured at the transaction price. 

Page 5

 
BLOOMING HAUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the statement of financial position.

 
2.14

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 6).

Page 6

 
BLOOMING HAUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 April 2023
-
65,479
25,000
90,479


Additions
164,471
55,671
-
220,142



At 31 March 2024

164,471
121,150
25,000
310,621



Depreciation


At 1 April 2023
-
23,393
2,400
25,793


Charge for the year on owned assets
-
24,439
5,650
30,089



At 31 March 2024

-
47,832
8,050
55,882



Net book value



At 31 March 2024
164,471
73,318
16,950
254,739



At 31 March 2023
-
42,086
22,600
64,686

Page 7

 
BLOOMING HAUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
57,036
21,332

57,036
21,332


2024
2023
£
£

Due within one year

Trade debtors
250,017
207,613

Other debtors
300
-

Prepayments
13,282
4,588

263,599
212,201



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts and loans
99,901
48,362

Bank loans
38,937
-

Trade creditors
140,858
54,678

Other taxation and social security
25,050
20,613

Obligations under finance lease and hire purchase contracts
5,856
4,589

Other creditors
294,133
87,144

Accruals
4,655
4,000

609,390
219,386


Page 8

 
BLOOMING HAUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
124,252
23,884

Net obligations under finance leases and hire purchase contracts
13,241
17,009

Other creditors
37,500
-

174,993
40,893


The following liabilities were secured:

2024
2023
£
£



Bank loans
147,107
-

Other creditors
108,497
-

255,604
-

Details of security provided:

Fixed and floating charges on the company's assets.

Page 9

 
BLOOMING HAUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Deferred taxation




2024


£






At beginning of year
(16,171)


Charged to profit or loss
-


Utilised in year
15,152



At end of year
(1,019)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(22,567)
(16,171)

Tax losses carried forward
21,548
-

(1,019)
(16,171)


9.Directors' personal guarantees

During the year, the company obtained a bank loan of £160,500 in respect of which each director has given a personal guarantee.


10.


Related party transactions

At the financial year end the company owed the directors £54,760 (2023 £42,259) and £25,800 (2023 £25,800) to companies related by virtue of common directorships and shareholders.

 
Page 10