Bliss Growth Ltd Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 13504079

Bliss Growth Ltd

Filleted Unaudited Financial Statements

31 July 2022

Bliss Growth Ltd

Financial Statements

Period from 9 July 2021 to 31 July 2022

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

Bliss Growth Ltd

Statement of Financial Position

31 July 2022

	31 Jul 22
Note	£

Fixed assets

Tangible assets	5	1,921

Current assets

Debtors	6	86,022
Cash at bank and in hand		309,350
		---------
		395,372

Creditors: amounts falling due within one year	7	402,553
		---------
Net current liabilities		7,181
		-------
Total assets less current liabilities		( 5,260)
		-------

Capital and reserves

Called up share capital	1
Profit and loss account	( 5,261)
	-------
Shareholders deficit	( 5,260)
	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 31 July 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 5 April 2023 , and are signed on behalf of the board by:

Mr J Radia

Director

Company registration number: 13504079

Bliss Growth Ltd

Notes to the Financial Statements

Period from 9 July 2021 to 31 July 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 New Dover Road, Canterbury, CT1 3DN, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. For the rendering of services, revenue is recognised when the services are transferred. When the outcome of a transaction can be estimated reliably, revenue is recognised based on the stage of completion of the transaction at the end of the reporting period. If the outcome of the transaction involving the rendering of services cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered

Income tax

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 2 .

5. Tangible assets

	Equipment
	£
Cost
At 9 July 2021	–
Additions	2,882
	-------
At 31 July 2022	2,882
	-------
Depreciation
At 9 July 2021	–
Charge for the period	961
	-------
At 31 July 2022	961
	-------
Carrying amount
At 31 July 2022	1,921
	-------

6. Debtors

	31 Jul 22
	£
Trade debtors	26,550
Other debtors	59,472
	--------
	86,022
	--------

7. Creditors: amounts falling due within one year

	31 Jul 22
	£
Trade creditors	17,151
Social security and other taxes	5,577
Other creditors	379,825
	---------
	402,553
	---------

8. Related party transactions

At the balance sheet date, the company owed a directors £162,953.