Bliss (Scotland) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC201346 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Bliss (Scotland) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Miss C Cunningham

SECRETARY:

Mrs M Cunningham

REGISTERED OFFICE:

29 Whytescauseway

Kirkcaldy

Fife

KY1 1XF

REGISTERED NUMBER:

SC201346 (Scotland)

ACCOUNTANTS:

Eden Fyfe Accounts Limited

H5, Newark Business Park

Newark Road South

Glenrothes

Fife

KY7 4NS

FIXED ASSETS

Tangible assets

2

1,040

1,449

CURRENT ASSETS

Stocks

19,765

19,595

Debtors

939

-

Cash at bank and in hand

85,596

65,193

106,300

84,788

CREDITORS

Amounts falling due within one year

33,363

27,543

NET CURRENT ASSETS

72,937

57,245

TOTAL ASSETS LESS CURRENT LIABILITIES

73,977

58,694

PROVISIONS FOR LIABILITIES

100

158

NET ASSETS

73,877

58,536

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

73,875

58,534

SHAREHOLDERS' FUNDS

73,877

58,536

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 30 September 2015 and were signed by:

Miss C Cunningham - 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 the net invoice for provision of goods and services, excluding value added tax.

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

-

15% on reducing balance

Fixtures and fittings

-

20% on cost

Computer equipment

-

33.3% on cost

Fixed assets are stated at cost, being purchase price, less accumulated depreciation.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Cost comprises all direct expenditure incurred in bringing stock to its current condition and location.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in

which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance

sheet date.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

10,067

DEPRECIATION

At 1 January 2014

8,618

Charge for year

409

At 31 December 2014

9,027

NET BOOK VALUE

At 31 December 2014

1,040

At 31 December 2013

1,449

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2014 and

31 December 2013:

31.12.14

31.12.13

£

£

Miss C Cunningham

Balance outstanding at start of year

(1,724

)

(1,778

)

Amounts advanced

1,989

751

Amounts repaid

(1,689

)

(697

)

Balance outstanding at end of year

(1,424

)

(1,724

)

During the year dividends of £30,114 (2013: £30,684) were paid to the Director.