Bespoke Shelters Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07089520 (England and Wales)

BESPOKE SHELTERS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTOR:

A R Johns

REGISTERED OFFICE:

i2 Mansfield Suite 0:3

Hamilton Court

Oakham Business Park

Mansfield

Nottinghamshire

NG18 5FB

REGISTERED NUMBER:

07089520 (England and Wales)

ACCOUNTANTS:

McGregors Corporate

Chartered Accountants

i2 Mansfield Suite 0.3

Hamilton Court

Oakham Business Park

Mansfield

Nottinghamshire

NG18 5FB

FIXED ASSETS

Tangible assets

4

17,260

27,981

CURRENT ASSETS

Stocks

500

500

Debtors

5

72,870

78,018

Cash at bank

86,823

119,462

160,193

197,980

CREDITORS

Amounts falling due within one year

6

65,945

94,343

NET CURRENT ASSETS

94,248

103,637

TOTAL ASSETS LESS CURRENT LIABILITIES

111,508

131,618

CREDITORS

Amounts falling due after more than one year

7

(2,437

)

(9,132

)

PROVISIONS FOR LIABILITIES

(3,279

)

(5,316

)

NET ASSETS

105,792

117,170

CAPITAL AND RESERVES

Called up share capital

9

500

500

Retained earnings

105,292

116,670

SHAREHOLDERS' FUNDS

105,792

117,170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 26th September 2019 and were signed by:

A R Johns - Director

1.	STATUTORY INFORMATION

Bespoke Shelters 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

It is the company's policy to recognise profits and turnover on all contracts as contract activity progresses.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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 6 (2018 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1st March 2018

13,515

1,439

39,831

54,785

Additions

-

283

-

283

At 28th February 2019

13,515

1,722

39,831

55,068

DEPRECIATION

At 1st March 2018

5,807

563

20,434

26,804

Charge for year

2,703

335

7,966

11,004

At 28th February 2019

8,510

898

28,400

37,808

NET BOOK VALUE

At 28th February 2019

5,005

824

11,431

17,260

At 28th February 2018

7,708

876

19,397

27,981

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st March 2018

and 28th February 2019

39,831

DEPRECIATION

At 1st March 2018

20,434

Charge for year

7,966

At 28th February 2019

28,400

NET BOOK VALUE

At 28th February 2019

11,431

At 28th February 2018

19,397

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

49,626

74,321

Other debtors

23,244

3,697

72,870

78,018

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Hire purchase contracts

6,695

8,182

Trade creditors

34,810

37,409

Taxation and social security

22,213

33,002

Other creditors

2,227

15,750

65,945

94,343

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Hire purchase contracts

2,437

9,132

8.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Hire purchase contracts

9,132

17,314

Hire purchase debts are secured on the assets to which they relate.

Debt factoring is secured by a fixed and floating charge over the assets of the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

500

Ordinary

£1

500

500

10.	RELATED PARTY DISCLOSURES

Included within other debtors is a directors loan account balance of £19,648 (2018: Creditor of £14,400). During

the year the directors extracted net funds of £34,048 from the company. The Loan is interest free and repayable

on demand.