Philip Bloom Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07738510 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2017

for

Philip Bloom Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Prof P A Bloom

Mrs F O Bloom

REGISTERED OFFICE:

7 Lindum Terrace

Lincoln

Lincolnshire

LN2 5RP

REGISTERED NUMBER:

07738510 (England and Wales)

ACCOUNTANTS:

Stanbridge Associates Limited

7 Lindum Terrace

Lincoln

Lincolnshire

LN2 5RP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

23,837

71,544

Investments

6

1,082

10,674

24,919

82,218

CURRENT ASSETS

Debtors

7

438,932

444,506

Cash at bank

3,162

2,735

442,094

447,241

CREDITORS

Amounts falling due within one year

8

56,416

106,636

NET CURRENT ASSETS

385,678

340,605

TOTAL ASSETS LESS CURRENT LIABILITIES

410,597

422,823

CREDITORS

Amounts falling due after more than one year

9

1

31,303

NET ASSETS

410,596

391,520

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

410,496

391,420

SHAREHOLDERS' FUNDS

410,596

391,520

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 31 May 2018 and were signed on its behalf by:

Prof P A Bloom - Director

1.	STATUTORY INFORMATION

Philip Bloom Ltd 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 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 trading income accrued during the period shown by these financial

statements.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of two years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

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% Straight Line and 25% Reducing Balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2016

and 31 August 2017

235,000

AMORTISATION

At 1 September 2016

and 31 August 2017

235,000

NET BOOK VALUE

At 31 August 2017

-

At 31 August 2016

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2016

112,356

Additions

6,189

Disposals

(70,430

)

At 31 August 2017

48,115

DEPRECIATION

At 1 September 2016

40,812

Charge for year

8,997

Eliminated on disposal

(25,531

)

At 31 August 2017

24,278

NET BOOK VALUE

At 31 August 2017

23,837

At 31 August 2016

71,544

6.	FIXED ASSET INVESTMENTS

Loans to

associates

£

At 1 September 2016

10,674

Other movement

(9,592

)

At 31 August 2017

1,082

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

35,433

62,470

Other debtors

403,499

382,036

438,932

444,506

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Finance leases

-

9,391

Trade creditors

-

4,410

Taxation and social security

51,498

88,230

Other creditors

4,918

4,605

56,416

106,636

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Finance leases

1

31,303

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended

31 August 2017 and 31 August 2016:

2017

2016

£

£

Prof P A Bloom and Mrs F O Bloom

Balance outstanding at start of year

297,106

226,782

Amounts advanced

255,071

240,299

Amounts repaid

(255,104

)

(169,975

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

297,073

297,106