Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 07869753 S E Turner D J Turner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07869753 2024-03-31 07869753 2025-03-31 07869753 2024-04-01 2025-03-31 07869753 frs-core:CurrentFinancialInstruments 2025-03-31 07869753 frs-core:FurnitureFittings 2025-03-31 07869753 frs-core:FurnitureFittings 2024-04-01 2025-03-31 07869753 frs-core:FurnitureFittings 2024-03-31 07869753 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 07869753 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 07869753 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 07869753 frs-core:ShareCapital 2025-03-31 07869753 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07869753 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07869753 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07869753 frs-bus:SmallEntities 2024-04-01 2025-03-31 07869753 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07869753 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07869753 frs-bus:Director1 2024-04-01 2025-03-31 07869753 frs-bus:Director2 2024-04-01 2025-03-31 07869753 frs-countries:EnglandWales 2024-04-01 2025-03-31 07869753 2023-03-31 07869753 2024-03-31 07869753 2023-04-01 2024-03-31 07869753 frs-core:CurrentFinancialInstruments 2024-03-31 07869753 frs-core:ShareCapital 2024-03-31 07869753 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07869753
Bloom People Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Naylor Accountancy Services Limited
25 Hursley Road
Chandler's Ford
Eastleigh
Hampshire
SO53 2FS
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07869753
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 24,107 24,745
24,107 24,745
CURRENT ASSETS
Debtors 5 45,649 18,915
Cash at bank and in hand 38,923 22,418
84,572 41,333
Creditors: Amounts Falling Due Within One Year 6 (52,438 ) (27,319 )
NET CURRENT ASSETS (LIABILITIES) 32,134 14,014
TOTAL ASSETS LESS CURRENT LIABILITIES 56,241 38,759
NET ASSETS 56,241 38,759
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 56,240 38,758
SHAREHOLDERS' FUNDS 56,241 38,759
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
S E Turner
Director
30th June 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Bloom People Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07869753 . The registered office is 84 The Causeway, Petersfield, Hampshire, GU31 4JS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 5% straight line
Fixtures & Fittings 20% straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 2)
1 2
Page 2
Page 3
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 25,383 5,457 30,840
Additions - 1,173 1,173
As at 31 March 2025 25,383 6,630 32,013
Depreciation
As at 1 April 2024 2,108 3,987 6,095
Provided during the period 1,269 542 1,811
As at 31 March 2025 3,377 4,529 7,906
Net Book Value
As at 31 March 2025 22,006 2,101 24,107
As at 1 April 2024 23,275 1,470 24,745
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 27,663 4,132
Other debtors 17,986 14,783
45,649 18,915
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 23,265 195
Bank loans and overdrafts 2,070 3,035
Other creditors 980 3,551
Taxation and social security 26,123 20,538
52,438 27,319
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 3