Bliss (Scotland) Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: SC201346 (Scotland)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Bliss (Scotland) Limited

Page

Company Information

1

Report of the Director

2

Abridged Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mrs C Cunningham Smith

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

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

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of providing beauty treatments and selling

beauty products.

DIRECTOR

Mrs C Cunningham Smith held office during the whole of the period from 1 January 2016 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:

Mrs C Cunningham Smith - Director

28 September 2017

FIXED ASSETS

Tangible assets

4

2,551

2,880

CURRENT ASSETS

Stocks

27,374

23,989

Debtors

1,769

1,822

Cash at bank and in hand

83,312

87,483

112,455

113,294

CREDITORS

Amounts falling due within one year

24,759

26,566

NET CURRENT ASSETS

87,696

86,728

TOTAL ASSETS LESS CURRENT LIABILITIES

90,247

89,608

PROVISIONS FOR LIABILITIES

510

576

NET ASSETS

89,737

89,032

CAPITAL AND RESERVES

Called up share capital

5

2

2

Retained earnings

89,735

89,030

SHAREHOLDERS' FUNDS

89,737

89,032

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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

Mrs C Cunningham Smith - Director

1.	STATUTORY INFORMATION

Bliss (Scotland) Limited is a private company, limited by shares , registered in Scotland. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 etc

-

33.3% on cost, 20% on cost and 15% on reducing balance

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2016

12,636

Additions

462

At 31 December 2016

13,098

DEPRECIATION

At 1 January 2016

9,756

Charge for year

791

At 31 December 2016

10,547

NET BOOK VALUE

At 31 December 2016

2,551

At 31 December 2015

2,880

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.16

31.12.15

value:

£

£

2

Ordinary

£1

2

2

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2016 and

31 December 2015:

31.12.16

31.12.15

£

£

Mrs C Cunningham Smith

Balance outstanding at start of year

(1,515

)

(1,424

)

Amounts advanced

73

529

Amounts repaid

(402

)

(620

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,844

)

(1,515

)