IRIS Accounts Production v24.3.0.553 13430537 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh134305372023-03-31134305372024-03-31134305372023-04-012024-03-31134305372022-03-31134305372022-04-012023-03-31134305372023-03-3113430537ns15:EnglandWales2023-04-012024-03-3113430537ns14:PoundSterling2023-04-012024-03-3113430537ns10:Director12023-04-012024-03-3113430537ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3113430537ns10:SmallEntities2023-04-012024-03-3113430537ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3113430537ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3113430537ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3113430537ns10:FullAccounts2023-04-012024-03-3113430537ns10:OrdinaryShareClass12023-04-012024-03-3113430537ns5:CurrentFinancialInstruments2024-03-3113430537ns5:CurrentFinancialInstruments2023-03-3113430537ns5:ShareCapital2024-03-3113430537ns5:ShareCapital2023-03-3113430537ns5:RetainedEarningsAccumulatedLosses2024-03-3113430537ns5:RetainedEarningsAccumulatedLosses2023-03-3113430537ns10:RegisteredOffice2023-04-012024-03-3113430537ns5:LeaseholdImprovements2023-04-012024-03-3113430537ns5:MotorVehicles2023-04-012024-03-3113430537ns5:ComputerEquipment2023-04-012024-03-3113430537ns5:LeaseholdImprovements2023-03-3113430537ns5:MotorVehicles2023-03-3113430537ns5:ComputerEquipment2023-03-3113430537ns5:LeaseholdImprovements2024-03-3113430537ns5:MotorVehicles2024-03-3113430537ns5:ComputerEquipment2024-03-3113430537ns5:LeaseholdImprovements2023-03-3113430537ns5:MotorVehicles2023-03-3113430537ns5:ComputerEquipment2023-03-3113430537ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3113430537ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3113430537ns5:WithinOneYear2024-03-3113430537ns5:WithinOneYear2023-03-3113430537ns5:BetweenOneFiveYears2024-03-3113430537ns5:BetweenOneFiveYears2023-03-3113430537ns5:AllPeriods2024-03-3113430537ns5:AllPeriods2023-03-3113430537ns5:AcceleratedTaxDepreciationDeferredTax2024-03-3113430537ns5:AcceleratedTaxDepreciationDeferredTax2023-03-3113430537ns5:DeferredTaxation2023-03-3113430537ns5:DeferredTaxation2023-04-012024-03-3113430537ns5:DeferredTaxation2024-03-3113430537ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 13430537 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024

FOR

BLOOM EAST LTD

BLOOM EAST LTD (REGISTERED NUMBER: 13430537)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


BLOOM EAST LTD (REGISTERED NUMBER: 13430537)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,253 9,678

CURRENT ASSETS
Stocks 5 3,500 2,000
Debtors 6 4,801 2,460
Cash at bank 21,953 9,801
30,254 14,261
CREDITORS
Amounts falling due within one year 7 36,494 23,038
NET CURRENT LIABILITIES (6,240 ) (8,777 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,013

901

PROVISIONS FOR LIABILITIES 9 782 717
NET ASSETS 231 184

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 131 84
SHAREHOLDERS' FUNDS 231 184

BLOOM EAST LTD (REGISTERED NUMBER: 13430537)

BALANCE SHEET - continued
31 MARCH 2024


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

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

The director acknowledges her 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:





Mrs A V Cluer - Director


BLOOM EAST LTD (REGISTERED NUMBER: 13430537)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Bloom East Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13430537

Registered office: Unit 1
A4 Building
10 Monro Way
London
SE10 0EJ

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

All fixed assets are initially recorded at cost.

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

BLOOM EAST LTD (REGISTERED NUMBER: 13430537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

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.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.


BLOOM EAST LTD (REGISTERED NUMBER: 13430537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

3. EMPLOYEES AND DIRECTORS

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

BLOOM EAST LTD (REGISTERED NUMBER: 13430537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Improvements
to Motor Office
property vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 6,810 6,150 1,154 14,114
Additions - - 2,202 2,202
Disposals (2,686 ) - - (2,686 )
At 31 March 2024 4,124 6,150 3,356 13,630
DEPRECIATION
At 1 April 2023 1,248 2,498 690 4,436
Charge for year 413 913 1,107 2,433
Eliminated on disposal (492 ) - - (492 )
At 31 March 2024 1,169 3,411 1,797 6,377
NET BOOK VALUE
At 31 March 2024 2,955 2,739 1,559 7,253
At 31 March 2023 5,562 3,652 464 9,678

5. STOCKS
2024 2023
£    £   
Stocks 3,500 2,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,442 2,460
Prepayments 359 -
4,801 2,460

BLOOM EAST LTD (REGISTERED NUMBER: 13430537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,248 1,155
Corporation tax 7,542 4,769
VAT 2,645 815
Other creditors 1,511 853
Director's current account 2,971 2,748
Accruals and deferred income 19,577 12,698
36,494 23,038

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 10,800 10,800
Between one and five years 27,000 37,800
37,800 48,600

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 782 717

Deferred
tax
£   
Balance at 1 April 2023 717
Provided during year 65
Balance at 31 March 2024 782

BLOOM EAST LTD (REGISTERED NUMBER: 13430537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100