Kids In Bloom Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07180264 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2014

for

Kids In Bloom Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

L Johnson

Mrs C L Johnson

SECRETARY:

Mrs C L Johnson

REGISTERED OFFICE:

40 Alder Road

West Derby

Liverpool

Merseyside

L12 2AY

REGISTERED NUMBER:

07180264 (England and Wales)

ACCOUNTANTS:

JKS Accountants Limited

5th Floor Hanover House

Hanover Street

Liverpool

Merseyside

L1 3DZ

FIXED ASSETS

Intangible assets

2

2,764

8,295

Tangible assets

3

24,885

23,993

27,649

32,288

CURRENT ASSETS

Debtors

34,274

24,213

Cash in hand

595

9

34,869

24,222

CREDITORS

Amounts falling due within one year

4

56,269

45,977

NET CURRENT LIABILITIES

(21,400

)

(21,755

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,249

10,533

CREDITORS

Amounts falling due after more than one year

4

6,132

10,207

NET ASSETS

117

326

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

17

226

SHAREHOLDERS' FUNDS

117

326

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 24 December 2014 and were signed on its behalf by:

L Johnson - 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 April 2008).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of four years.

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

-

20% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

22,122

AMORTISATION

At 1 April 2013

13,827

Amortisation for year

5,531

At 31 March 2014

19,358

NET BOOK VALUE

At 31 March 2014

2,764

At 31 March 2013

8,295

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

33,434

Additions

5,731

At 31 March 2014

39,165

DEPRECIATION

At 1 April 2013

9,441

Charge for year

4,839

At 31 March 2014

14,280

NET BOOK VALUE

At 31 March 2014

24,885

At 31 March 2013

23,993

4.

CREDITORS

Creditors include an amount of £ 17,056 (31.3.13 - £ 18,851 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

£1

100

100

6.	CONTROLLING PARTY NOTE

At the balance sheet date Mr L. Johnson and Mrs C Johnson where the controlling parties by virtue of their

shareholdings.

7.	RELATED PARTY TRANSACTIONS

Included within other creditors is a balance of £3,780 (2013 £3,780) owed to Kids In Bloom @ Eden Children's

Centre Limited, a company in which Mrs. C. Johnson is a director and shareholder. The loan is interest free and

unsecured.

Included within other creditors is a balance of £9,818 (2013 £7,544) owed to Kids In Bloom @ Northwood

Children's Centre Limited, a company in which Mrs. C. Johnson is a director and shareholder. The loan is

interest free and unsecured.

Included within other debtors is a balance of £1,113 (2013 £1,113) owed by Kids In Bloom Out Of School Club

Limited, a company in which Mr. L. Johnson is a director and shareholder.