Philip Bloom Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07738510 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2018

for

Philip Bloom Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Prof P A Bloom

Mrs F O Bloom

REGISTERED OFFICE:

7 Lindum Terrace

Lincoln

Lincolnshire

REGISTERED NUMBER:

07738510 (England and Wales)

ACCOUNTANTS:

Stanbridge Associates Limited

7 Lindum Terrace

Lincoln

Lincolnshire

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

24,490

23,837

Investments

6

1,082

1,082

25,572

24,919

CURRENT ASSETS

Debtors

7

409,524

438,932

Cash at bank

1,939

3,162

411,463

442,094

CREDITORS

Amounts falling due within one year

8

59,754

56,416

NET CURRENT ASSETS

351,709

385,678

TOTAL ASSETS LESS CURRENT LIABILITIES

377,281

410,597

CREDITORS

Amounts falling due after more than one year

9

1

1

NET ASSETS

377,280

410,596

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

377,180

410,496

SHAREHOLDERS' FUNDS

377,280

410,596

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 31 May 2019 and were signed on its behalf by:

Prof P A Bloom - Director

1.	STATUTORY INFORMATION

Philip Bloom Ltd is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents trading income accrued during the period shown by these financial

statements.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of two years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% Straight Line and 25% Reducing Balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2017

and 31 August 2018

235,000

AMORTISATION

At 1 September 2017

and 31 August 2018

235,000

NET BOOK VALUE

At 31 August 2018

-

At 31 August 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2017

48,115

Additions

10,777

At 31 August 2018

58,892

DEPRECIATION

At 1 September 2017

24,278

Charge for year

10,124

At 31 August 2018

34,402

NET BOOK VALUE

At 31 August 2018

24,490

At 31 August 2017

23,837

6.	FIXED ASSET INVESTMENTS

Loans to

associates

£

At 1 September 2017

and 31 August 2018

1,082

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

26,339

35,433

Other debtors

383,185

403,499

409,524

438,932

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

6,330

-

Taxation and social security

48,441

51,498

Other creditors

4,983

4,918

59,754

56,416

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Finance leases

1

1

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended

31 August 2018 and 31 August 2017:

2018

2017

£

£

Prof P A Bloom and Mrs F O Bloom

Balance outstanding at start of year

297,073

297,106

Amounts advanced

-

255,071

Amounts repaid

(369

)

(255,104

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

296,704

297,073