Blooms Birds Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06607787 (England and Wales)

Blooms Birds Limited

Unaudited Financial Statements

For The Year Ended 30 June 2023

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

R A Bloom

Mrs J L Bloom

SECRETARY:

REGISTERED OFFICE:

Unit 81 Centaur Court

Claydon Business Park

Gt. Blakenham

Ipswich

Suffolk

IP6 0NL

REGISTERED NUMBER:

06607787 (England and Wales)

ACCOUNTANTS:

John Phillips & Co Limited

Accountants

Unit 81 Centaur Court

Claydon Business Park

Gt. Blakenham

Ipswich

Suffolk

IP6 0NL

FIXED ASSETS

Tangible assets

4

1,143,505

1,214,978

CURRENT ASSETS

Debtors

5

1,456,660

1,223,510

Cash at bank

250,702

59,298

1,707,362

1,282,808

CREDITORS

Amounts falling due within one year

6

188,847

214,667

NET CURRENT ASSETS

1,518,515

1,068,141

TOTAL ASSETS LESS CURRENT LIABILITIES

2,662,020

2,283,119

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

2,661,920

2,283,019

SHAREHOLDERS' FUNDS

2,662,020

2,283,119

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 28 March 2024 and were signed on its behalf by:

R A Bloom - Director

1.	STATUTORY INFORMATION

Blooms Birds Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Improvements to property

-

Straight line over 15 years

Plant and machinery

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

Motor

property

property

machinery

vehicles

Totals

£

£

£

£

£

COST

At 1 July 2022

and 30 June 2023

1,093,862

776,432

231,560

12,896

2,114,750

DEPRECIATION

At 1 July 2022

-

691,386

195,898

12,488

899,772

Charge for year

-

62,455

8,916

102

71,473

At 30 June 2023

-

753,841

204,814

12,590

971,245

NET BOOK VALUE

At 30 June 2023

1,093,862

22,591

26,746

306

1,143,505

At 30 June 2022

1,093,862

85,046

35,662

408

1,214,978

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Amounts owed by participating interests

1,424,737

1,204,001

Directors' loan accounts

12,414

-

Prepayments

19,509

19,509

1,456,660

1,223,510

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Bank loans and overdrafts

19,337

126,652

Tax

130,122

68,491

VAT

27,077

6,719

Directors' loan accounts

-

810

Accrued expenses

12,311

11,995

188,847

214,667

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.23

30.6.22

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 July 2022

2,283,019

Profit for the year

428,901

Dividends

(50,000

)

At 30 June 2023

2,661,920