Philip Bloom Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07738510 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2014

for

Philip Bloom Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Prof P A Bloom

Mrs F O Bloom

REGISTERED OFFICE:

7 Lindum Terrace

Lincoln

Lincolnshire

LN2 5RP

REGISTERED NUMBER:

07738510 (England and Wales)

ACCOUNTANTS:

Stanbridge Associates Limited

7 Lindum Terrace

Lincoln

Lincolnshire

LN2 5RP

CURRENT ASSETS

Debtors

442,264

184,365

Cash at bank

6,735

2,332

448,999

186,697

CREDITORS

Amounts falling due within one year

132,422

65,497

NET CURRENT ASSETS

316,577

121,200

TOTAL ASSETS LESS CURRENT LIABILITIES

316,577

121,200

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

316,477

121,100

SHAREHOLDERS' FUNDS

316,577

121,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28 May 2015 and were signed on its behalf by:

Prof P A Bloom - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

and 31 August 2014

235,000

AMORTISATION

At 1 September 2013

and 31 August 2014

235,000

NET BOOK VALUE

At 31 August 2014

-

At 31 August 2013

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31 August 2014 and 31 August 2013:

2014

2013

£

£

Prof P A Bloom and Mrs F O Bloom

Balance outstanding at start of year

149,096

(91,764

)

Amounts advanced

280,912

324,584

Amounts repaid

(130,989

)

(83,724

)

Balance outstanding at end of year

299,019

149,096