BARTLEY'S FLOWERS LIMITED - Limited company accounts 16.3

REGISTERED NUMBER: 04042528 (England and Wales)

REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2016

FOR

BARTLEY'S FLOWERS LIMITED

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

S Harmer

SECRETARY:

Ms J Cable

REGISTERED OFFICE:

Unit C

Broomsleigh Business Park

Worsley Bridge Road

London

SE26 5BN

REGISTERED NUMBER:

04042528 (England and Wales)

ACCOUNTANTS:

Bennett & Co

Unit C

Broomsleigh Business Park

Worsley Bridge Road

London

SE26 5BN

The director presents his report with the financial statements of the company for the year ended 31 July 2016.

DIRECTOR

S Harmer held office during the whole of the period from 1 August 2015 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

S Harmer - Director

28 April 2017

TURNOVER

437,731

442,695

Cost of sales

335,352

325,828

GROSS PROFIT

102,379

116,867

Administrative expenses

94,091

91,049

OPERATING PROFIT

2

8,288

25,818

Interest payable and similar charges

1,143

1,057

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

7,145

24,761

Tax on profit on ordinary activities

3

1,711

3,815

PROFIT FOR THE FINANCIAL YEAR

5,434

20,946

FIXED ASSETS

Intangible assets

5

100,000

100,000

Tangible assets

6

6,500

8,100

106,500

108,100

CURRENT ASSETS

Stocks

3,800

3,950

Debtors

7

4,187

5,844

Cash in hand

153

248

8,140

10,042

CREDITORS

Amounts falling due within one year

8

65,929

69,169

NET CURRENT LIABILITIES

(57,789

)

(59,127

)

TOTAL ASSETS LESS CURRENT LIABILITIES

48,711

48,973

CREDITORS

Amounts falling due after more than one year

9

36,878

28,574

NET ASSETS

11,833

20,399

CAPITAL AND RESERVES

Called up share capital

10

100

100

Profit and loss account

11

11,733

20,299

SHAREHOLDERS' FUNDS

11,833

20,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the director on 28 April 2017 and were signed by:

S Harmer - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

The Director considers that the reputation and quality of service provided by the company means that there is no

diminution in the value of the Goodwill purchased.

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 - 20% on reducing balance

Stocks

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

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed 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.	OPERATING PROFIT

The operating profit is stated after charging:

31.7.16

31.7.15

£

£

Depreciation - owned assets

1,600

2,000

Director's remuneration and other benefits etc

12,000

12,000

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

31.7.16

31.7.15

£

£

Current tax:

UK corporation tax

1,711

3,815

Tax on profit on ordinary activities

1,711

3,815

4.

DIVIDENDS

31.7.16

31.7.15

£

£

Ordinary shares of £1 each

Interim

14,000

26,000

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2015

and 31 July 2016

100,000

NET BOOK VALUE

At 31 July 2016

100,000

At 31 July 2015

100,000

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2015

39,605

Disposals

(18,927

)

At 31 July 2016

20,678

DEPRECIATION

At 1 August 2015

31,505

Charge for year

1,600

Eliminated on disposal

(18,927

)

At 31 July 2016

14,178

NET BOOK VALUE

At 31 July 2016

6,500

At 31 July 2015

8,100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.16

31.7.15

£

£

Other debtors

4,187

5,844

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.16

31.7.15

£

£

Bank loans and overdrafts

32,982

29,428

Trade creditors

8,290

9,081

Taxation and social security

10,108

18,633

Other creditors

14,549

12,027

65,929

69,169

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.16

31.7.15

£

£

Other creditors

36,878

28,574

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Profit

and loss

account

£

At 1 August 2015

20,299

Profit for the year

5,434

Dividends

(14,000

)

At 31 July 2016

11,733