BLISSCROFT LIMITED Company Accounts

BLISSCROFT LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03724169

BLISSCROFT LIMITED

Filleted Unaudited Financial Statements

31 March 2017

BLISSCROFT LIMITED

Financial Statements

Year ended 31 March 2017

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

BLISSCROFT LIMITED

Statement of Financial Position

31 March 2017

	2017		2016
Note	£	£	£

Current assets

Debtors	4	720,914	707,746
Cash at bank and in hand		215	34,855
		---------	---------
		721,129	742,601

Creditors: amounts falling due within one year	5	381,163		402,217
		---------		---------
Net current assets			339,966	340,384
			---------	---------
Total assets less current liabilities			339,966	340,384
			---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	339,964	340,382
	---------	---------
Shareholders funds	339,966	340,384
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 21 June 2018 , and are signed on behalf of the board by:

B Feldman

Director

Company registration number: 03724169

BLISSCROFT LIMITED

Notes to the Financial Statements

Year ended 31 March 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1, Hallswelle Road, London, NW11 0DH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 April 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 6.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity .

4. Debtors

	2017	2016
	£	£
Other debtors	720,914	707,746
	---------	---------

5. Creditors: amounts falling due within one year

	2017	2016
	£	£
Other creditors	381,163	402,217
	---------	---------

6. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 April 2015.

No transitional adjustments were required in equity or profit or loss for the year.