Company registration number SC727598 (Scotland)
Bloom Lifestyle Salon London Ltd
Unaudited financial statements
for the year ended 31 March 2024
Pages for filing with registrar
Bloom Lifestyle Salon London Ltd
Chartered Accountants' report to the director on the preparation of the
unaudited statutory financial statements of Bloom Lifestyle Salon London Ltd
1

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bloom Lifestyle Salon London Ltd for the year ended 31 March 2024 which comprise, the 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 ICAS we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-j une-20 20.

This report is made solely to the b oard of d irectors of Bloom Lifestyle Salon London Ltd, as a body, in accordance with the terms of our engagement letter dated 28 September 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Bloom Lifestyle Salon London Ltd and state those matters that we have agreed to state to the b oard of d irectors of Bloom Lifestyle Salon London Ltd, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bloom Lifestyle Salon London Ltd and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Bloom Lifestyle Salon London Ltd 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 Bloom Lifestyle Salon London Ltd. You consider that Bloom Lifestyle Salon London Ltd 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 Bloom Lifestyle Salon London Ltd. 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 f inancial statements.

James Milne
Chartered Accountants
5 Bon Accord Square
Aberdeen
AB11 6XZ
26 May 2025
Bloom Lifestyle Salon London Ltd
Balance sheet
as at 31 March 2024
2
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,900
1,700
Current assets
Stocks
14,500
11,500
Cash at bank and in hand
63,221
6,799
77,721
18,299
Creditors: amounts falling due within one year
(473,929)
(152,238)
Net current liabilities
(396,208)
(133,939)
Net liabilities
(394,308)
(132,239)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(394,408)
(132,339)
Total equity
(394,308)
(132,239)

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

Bloom Lifestyle Salon London Ltd
Balance sheet (continued)
as at 31 March 2024
3
The financial statements were approved and signed by the director and authorised for issue on 26 May 2025
Mrs Sheona Will
Director
Company registration number SC727598 (Scotland)
Bloom Lifestyle Salon London Ltd
Notes to the financial statements
for the year ended 31 March 2024
4
1
Accounting policies
Company information

Bloom Lifestyle Salon London Ltd is a private company limited by shares incorporated in Scotland. The registered office is 32 Forest Avenue, Aberdeen, AB15 4TH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The statement of financial position shows that the liabilities exceed assets by £368,495 including a liability of £188,238 due to the director and connected company. The director has confirmed that she will maintain her financial support for the foreseeable future to enable the company to continue normal trading operations. The financial statements are therefore drawn up on a going concern basis.true

1.3
Turnover

Turnover represents revenue recognised in the accounts. Revenue is recognised when the company fulfils its contractual obligation to customers by supplying goods and services and excludes value added tax.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% Straight line

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.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price.

Bloom Lifestyle Salon London Ltd
Notes to the financial statements (continued)
for the year ended 31 March 2024
1
Accounting policies (continued)
5
1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

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

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

1.7
Retirement benefits

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

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
14
12
Bloom Lifestyle Salon London Ltd
Notes to the financial statements (continued)
for the year ended 31 March 2024
6
3
Tangible fixed assets
Total
£
Cost
At 1 April 2023
1,945
Additions
510
At 31 March 2024
2,455
Depreciation and impairment
At 1 April 2023
245
Depreciation charged in the year
310
At 31 March 2024
555
Carrying amount
At 31 March 2024
1,900
At 31 March 2023
1,700
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