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Company Registration No. 05227233 (England and Wales)
Bloomfields Welch Management Ltd Unaudited accounts for the year ended 31 December 2024
Bloomfields Welch Management Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Bloomfields Welch Management Ltd Company Information for the year ended 31 December 2024
Directors
Patricia Diana Bloomfield Emma Gabrielle Bloomfield
Secretary
Patricia Diana Bloomfield
Company Number
05227233 (England and Wales)
Registered Office
37 St. Leonards Drive Nottingham NG8 2BB England
Accountants
Embrace Accountants Ltd 37 St. Leonards Drive Nottingham NG8 2BB
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Bloomfields Welch Management Ltd Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
5,378
7,568
Current assets
Debtors
5
17,902
14,699
Cash at bank and in hand
23,946
91,805
41,848
106,504
Creditors: amounts falling due within one year
6
(39,791)
(76,749)
Net current assets
2,057
29,755
Total assets less current liabilities
7,435
37,323
Creditors: amounts falling due after more than one year
7
(7,131)
(25,717)
Net assets
304
11,606
Capital and reserves
Called up share capital
2
2
Profit and loss account
302
11,604
Shareholders' funds
304
11,606
For the year ending 31 December 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by
Emma Gabrielle Bloomfield Director Company Registration No. 05227233
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Bloomfields Welch Management Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Bloomfields Welch Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 05227233. The registered office is 37 St. Leonards Drive, Nottingham, NG8 2BB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Bloomfields Welch Management Ltd Notes to the Accounts for the year ended 31 December 2024
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
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 leases asset are consumed
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2024
9,325
11,054
20,379
Additions
-
239
239
At 31 December 2024
9,325
11,293
20,618
Depreciation
At 1 January 2024
8,641
4,170
12,811
Charge for the year
298
2,131
2,429
At 31 December 2024
8,939
6,301
15,240
Net book value
At 31 December 2024
386
4,992
5,378
At 31 December 2023
684
6,884
7,568
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Bloomfields Welch Management Ltd Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024
2023
£
£
Amounts falling due within one year
VAT
4,144
-
Accrued income and prepayments
616
616
Other debtors
13,142
14,083
17,902
14,699
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
24,956
24,103
VAT
-
18,027
Taxes and social security
12,935
32,821
Other creditors
1,900
1,798
39,791
76,749
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
7,131
25,717
8
Operating lease commitments
2024
2023
£
£
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
4,306
6,460
Later than one year and not later than five years
-
4,306
4,306
10,766
9
Transactions with related parties
Included within debtors is a director's loan of £6,563 (2023: £nil) due from Emma Bloomfield, a director of the Company. The loan is unsecured, interest free and repayable on demand. The loan was fully repaid after the year end.
10
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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