pinacle - Company Accounts (iXBRL 6.0.16)

BLOONET LTD

FILLETED FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2017

COMPANY REGISTRATION NUMBER - 4858134

	1.
BLOONET LTD
COMPANY NUMBER - 4858134
BALANCE SHEET AS AT 31 AUG 2017

			2017		2016
			----		----

	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	4		126,534		217,114
CURRENT ASSETS
Debtors	5	77,579		78,426
Cash at bank and in hand		32,651		603
		110,230		79,029
CURRENT LIABILITIES
CREDITORS - Amounts
falling due within one year	6	128,405		118,568
NET CURRENT LIABILITIES			(18,175)		(39,539)
TOTAL ASSETS LESS CURRENT LIABILITIES			108,359		177,575
CREDITORS - Amounts falling
due after more than one year	6	92,472		127,533
Provisions for liabilities
Deferred taxation	7	6,407		9,408
			(98,879)		(136,941)
NET ASSETS			9,480		40,634

	2.
BLOONET LTD
COMPANY NUMBER - 4858134
BALANCE SHEET AS AT 31 AUG 2017

			2017		2016
			----		----
	Notes		£		£

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit - Not distributable			32,042		47,042
Profit and Loss account			(22,563)		(6,409)
SHAREHOLDERS' FUNDS			9,480		40,634

These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies. In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial year ended 31 August 2017, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Approved by the board of directors on31 May 2018
and signed on their behalf by:
S DAMEN
The notes on pages 3 to 5 form an integral part of these accounts.

	3.
BLOONET LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2017
1. COMPANY INFORMATION

Bloonet Ltd is a Private Company, limited by shares, domiciled in England and Wales, registration number 4858134.

The company's registered office is 15 Clifton Gardens, London, N15 6AP, .

2. ACCOUNTING POLICIES

BASIS OF ACCOUNTING

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

This is the first year in which the financial statements have been prepared under FRS102. Details of the transition to FRS 102 are disclosed in note 9.

The financial statements are presented in pounds 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 goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.

TANGIBLE FIXED ASSETS AND DEPRECIATION

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures and fittings - 10% reducing balance

3. EMPLOYEES

The average number of persons employed by the company (including directors) during the year was 2 (2016 - 2).

	4.
BLOONET LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2017

4. FIXED ASSETS - TANGIBLE

		Plant and
	Land and	Machinery
	Buildings	etc.	Total
Fair value	£	£	£
At 01 September 2016	215,410	6,106	221,516
Disposals	(90,410)	-	(90,410)
At 31 August 2017	125,000	6,106	131,106
Depreciation
At 01 September 2016	-	4,402	4,402
Charge for year	-	170	170
At 31 August 2017	-	(4,572)	4,572
Net book values
At 31 August 2017	125,000	1,534	126,534
At 01 September 2016	215,410	1,704	217,114

The historical cost of the freehold properties

included at valuation are as follows:

£

Cost

At 01 September 2016	171,137
Net book amounts
At 01 September 2016	171,137

	2017		2016
	----		----
	£		£
5. DEBTORS
Due within one year:
Other debtors	77,579		78,426

	5.
BLOONET LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2017

	2017		2016
	----		----
	£		£
6. CREDITORS
Amounts falling due within one year:
Bank loan secured	2,000		4,200
Director's Current Accounts	2,859		2,859
Other creditors	123,546		111,509
	128,405		118,568
Amounts falling due after one year:
Other creditors:
Bank loan secured	92,472		127,533

7. DEFERRED TAXATION

At 01 September 2016	9,408		9,408
Credited to profit and loss account	(3,000)		-
At 31 August 2017	6,408		9,408
8. CALLED UP SHARE CAPITAL

There was no change in share capital during the year.

Allotted, called up and fully paid
shares of £1 eachOrdinary	1		1

9. IMPACT OF FIRST YEAR ADOPTION OF FRS102

The accounting policies applied under the company's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or the profit or loss.