Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activityfalse2023-06-0198falsetruefalse SC452133 2023-06-01 2024-05-31 SC452133 2022-06-01 2023-05-31 SC452133 2024-05-31 SC452133 2023-05-31 SC452133 c:Director1 2023-06-01 2024-05-31 SC452133 c:Director2 2023-06-01 2024-05-31 SC452133 c:RegisteredOffice 2023-06-01 2024-05-31 SC452133 d:Buildings 2023-06-01 2024-05-31 SC452133 d:Buildings 2024-05-31 SC452133 d:Buildings 2023-05-31 SC452133 d:Buildings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC452133 d:MotorVehicles 2023-06-01 2024-05-31 SC452133 d:MotorVehicles 2024-05-31 SC452133 d:MotorVehicles 2023-05-31 SC452133 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC452133 d:FurnitureFittings 2023-06-01 2024-05-31 SC452133 d:FurnitureFittings 2024-05-31 SC452133 d:FurnitureFittings 2023-05-31 SC452133 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC452133 d:OfficeEquipment 2023-06-01 2024-05-31 SC452133 d:OfficeEquipment 2024-05-31 SC452133 d:OfficeEquipment 2023-05-31 SC452133 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC452133 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC452133 d:CurrentFinancialInstruments 2024-05-31 SC452133 d:CurrentFinancialInstruments 2023-05-31 SC452133 d:Non-currentFinancialInstruments 2024-05-31 SC452133 d:Non-currentFinancialInstruments 2023-05-31 SC452133 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 SC452133 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 SC452133 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 SC452133 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 SC452133 d:ShareCapital 2024-05-31 SC452133 d:ShareCapital 2023-05-31 SC452133 d:RetainedEarningsAccumulatedLosses 2024-05-31 SC452133 d:RetainedEarningsAccumulatedLosses 2023-05-31 SC452133 c:OrdinaryShareClass1 2023-06-01 2024-05-31 SC452133 c:OrdinaryShareClass1 2024-05-31 SC452133 c:OrdinaryShareClass1 2023-05-31 SC452133 c:FRS102 2023-06-01 2024-05-31 SC452133 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC452133 c:FullAccounts 2023-06-01 2024-05-31 SC452133 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC452133 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC452133










GENNABLOSSOM LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

 
GENNABLOSSOM LTD
 

COMPANY INFORMATION


Directors
Mrs D G Brash 
Mr K A Brash 




Registered number
SC452133



Registered office
14 City Quay

Dundee

DD1 3JA




Trading Address
226 Brook Street

Broughty Ferry

DD5 2AH






Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
GENNABLOSSOM LTD
REGISTERED NUMBER: SC452133

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
182,233
195,823

  
182,233
195,823

Current assets
  

Stocks
  
35,000
35,000

Debtors
 5 
37,940
29,128

Cash at bank and in hand
  
28,679
49,974

  
101,619
114,102

Creditors: amounts falling due within one year
 6 
(104,815)
(118,765)

Net current liabilities
  
 
 
(3,196)
 
 
(4,663)

Total assets less current liabilities
  
179,037
191,160

Creditors: amounts falling due after more than one year
 7 
(79,295)
(98,630)

Provisions for liabilities
  

Deferred tax
  
(12,783)
(21,361)

  
 
 
(12,783)
 
 
(21,361)

Net assets
  
86,959
71,169


Capital and reserves
  

Called up share capital 
 8 
2
2

Profit and loss account
  
86,957
71,167

  
86,959
71,169


Page 1

 
GENNABLOSSOM LTD
REGISTERED NUMBER: SC452133

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 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 19 February 2025.




Mrs D G Brash
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
GENNABLOSSOM LTD
 

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

1.


General information

Gennablossom Ltd is a private company, limited by shares, domiciled in Scotland with registration number SC452133. The Company's registered office is 14 City Quay, Dundee, DD1 3JA and it's principal place of business is 226 Brook Street, Broughty Ferry, DD5 2AH. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

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:

Sale of goods

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.

 
2.3

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

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

Page 3

 
GENNABLOSSOM LTD
 

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

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

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 except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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.

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.


Page 4

 
GENNABLOSSOM LTD
 

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

2.Accounting policies (continued)

 
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.

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


Freehold property
-
2%
straight line
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
20%
reducing balance
Office equipment
-
20%
straight line

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 first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

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.

Page 5

 
GENNABLOSSOM LTD
 

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

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees




The average monthly number of employees, including directors, during the year was 9 (2023 - 8).


4.


Tangible fixed assets





Freehold property
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 June 2023
142,500
75,914
9,461
1,990
229,865


Additions
-
-
4,670
944
5,614



At 31 May 2024

142,500
75,914
14,131
2,934
235,479



Depreciation


At 1 June 2023
8,550
18,979
4,597
1,916
34,042


Charge for the year on owned assets
2,850
14,234
1,906
214
19,204



At 31 May 2024

11,400
33,213
6,503
2,130
53,246



Net book value



At 31 May 2024
131,100
42,701
7,628
804
182,233



At 31 May 2023
133,950
56,935
4,864
74
195,823

Page 6

 
GENNABLOSSOM LTD
 

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

5.


Debtors


2024
2023
£
£



Amounts owed by joint ventures and associated undertakings
36,738
28,100

Other debtors
-
378

Prepayments and accrued income
1,202
650

37,940
29,128



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
8,400
6,000

Trade creditors
20,070
28,519

Amounts owed to other debtors
13,969
7,240

Other taxation and social security
28,425
17,005

Obligations under finance lease and hire purchase contracts
8,568
7,229

Other creditors
22,980
51,176

Accruals and deferred income
2,403
1,596

104,815
118,765


Bank loans are secured over the property held within freehold property.
Obligations under finance lease and hire purchase contracts are secured against the assets to which they relate.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
27,291
38,058

Net obligations under finance leases and hire purchase contracts
52,004
60,572

79,295
98,630


Bank loans are secured over the property held within freehold property.
Obligations under finance lease and hire purchase contracts are secured against the assets to which they relate.

Page 7

 
GENNABLOSSOM LTD
 

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

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



Page 8