Daisy Bloom Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Daisy Bloom Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04327453 . The registered office is 2 Sollershott East, Letchworth Garden City, Herts, SG6 3PL.

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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. 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:

Freehold	0%
Motor Vehicles	15% RBM
Fixtures & Fittings	15% RBM
Computer Equipment	33.33% RBM

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. 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.

...CONTINUED

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Daisy Bloom Limited

Notes to the Financial Statements (continued)

For The Year Ended 29 November 2024

2.6. Taxation - continued

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.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2023: 9)

4. Intangible Assets

	Goodwill
	£
Cost
As at 30 November 2023	29,500

As at 29 November 2024	29,500

Amortisation
As at 30 November 2023	29,500

As at 29 November 2024	29,500

Net Book Value
As at 29 November 2024	-

As at 30 November 2023	-

5. Tangible Assets

	Land & Property
	Freehold	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 30 November 2023	50,000	32,073	21,290	2,809	106,172
Additions	1,651	-	-	-	1,651

As at 29 November 2024	51,651	32,073	21,290	2,809	107,823

Depreciation
As at 30 November 2023	-	14,759	20,531	2,511	37,801
Provided during the period	-	2,597	114	99	2,810

As at 29 November 2024	-	17,356	20,645	2,610	40,611

Net Book Value
As at 29 November 2024	51,651	14,717	645	199	67,212

As at 30 November 2023	50,000	17,314	759	298	68,371

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Daisy Bloom Limited

Notes to the Financial Statements (continued)

For The Year Ended 29 November 2024

6. Stocks

	2024	2023
	£	£
Stock	13,161	10,468

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	17,291	11,124
Prepayments and accrued income	1,457	-
Trade Creditors with debit balance	-	2
VAT	529	-
Net wages	-	659

	19,277	11,785

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	33,557	16,370
Corporation tax	8,968	12,720
Other taxes and social security	1,161	224
VAT	-	114
Net wages	4,507	-
Other creditors	1,355	244
Pension Creditors	267	128
Hire Purchase < 1yrs	3,741	3,453
Accruals and deferred income	2,500	200
Director's loan account	18,803	8,053

	74,859	41,506

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Hire Purchase > 1yrs	1,439	4,892

10. Deferred Taxation

Deferred tax is recognised in respect of all timimg difference that have originated but not reversed at th balance sheet date

Timimg difference arise from the inclusion of income and rxpenses in tax assessmens in periods different from those in which they are recognised in finanacial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that rae expected to apply to the reversal of the timimg difference.

Unrelieved tax losses and other deferred tax assets are recongnised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other further taxable profits.

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Daisy Bloom Limited

Notes to the Financial Statements (continued)

For The Year Ended 29 November 2024

11. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

12. Directors Advances, Credits and Guarantees

	As at 30 November 2023	Amounts advanced	Amounts repaid	Amounts written off	As at 29 November 2024
	£	£	£	£	£
Ms Louise Wilkes	(8,503 )	28,763	(39,063 )	-	(18,803 )

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		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		67,212		68,371

			67,212		68,371
CURRENT ASSETS
Stocks	6	13,161		10,468
Debtors	7	19,277		11,785
Cash at bank and in hand		125,164		105,103

		157,602		127,356
Creditors: Amounts Falling Due Within One Year	8	(74,859 )		(41,506 )

NET CURRENT ASSETS (LIABILITIES)			82,743		85,850

TOTAL ASSETS LESS CURRENT LIABILITIES			149,955		154,221

Creditors: Amounts Falling Due After More Than One Year	9		(1,439 )		(4,892 )

NET ASSETS			148,516		149,329

CAPITAL AND RESERVES
Called up share capital	11		2		2
Profit and Loss Account			148,514		149,327

SHAREHOLDERS' FUNDS			148,516		149,329