Bespoke Training & Development Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04310650 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2019

for

Bespoke Training & Development Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G N Davies

SECRETARY:

Mr G N Davies

REGISTERED OFFICE:

Blissford Lodge

Blissford Hill

Frogham

Fordingbridge

Hampshire

SP6 2HU

REGISTERED NUMBER:

04310650 (England and Wales)

ACCOUNTANTS:

Thomas Croft Limited

Accountants And Taxation Consultants

Solent House

107a Alma Road

Portswood

Southampton

Hampshire

SO14 6UY

FIXED ASSETS

Tangible assets

4

11,763

13,981

CURRENT ASSETS

Debtors

5

110,592

146,132

Cash at bank

117,374

75,698

227,966

221,830

CREDITORS

Amounts falling due within one year

6

130,204

171,924

NET CURRENT ASSETS

97,762

49,906

TOTAL ASSETS LESS CURRENT LIABILITIES

109,525

63,887

CREDITORS

Amounts falling due after more than one year

7

(22,917

)

-

PROVISIONS FOR LIABILITIES

-

(2,530

)

NET ASSETS

86,608

61,357

CAPITAL AND RESERVES

Called up share capital

8

150

150

Retained earnings

9

86,458

61,207

SHAREHOLDERS' FUNDS

86,608

61,357

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 applicable to companies subject to the small companies regime.

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 3 April 2020 and were signed by:

Mr G N Davies - Director

1.	STATUTORY INFORMATION

Bespoke Training & Development Limited 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.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period

of the lease.

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 4 (2018 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2019

20,724

1,344

68,966

91,034

Additions

-

-

2,489

2,489

At 31 December 2019

20,724

1,344

71,455

93,523

DEPRECIATION

At 1 January 2019

20,314

775

55,964

77,053

Charge for year

102

142

4,463

4,707

At 31 December 2019

20,416

917

60,427

81,760

NET BOOK VALUE

At 31 December 2019

308

427

11,028

11,763

At 31 December 2018

410

569

13,002

13,981

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade debtors

107,222

143,950

Other debtors

2,913

1,873

Directors' current accounts

148

-

Prepayments

309

309

110,592

146,132

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade creditors

18,966

926

Corporation tax

20,009

53,990

Social security and other taxes

5,870

-

VAT

38,260

43,332

Other creditors

874

30,000

Directors' current accounts

-

551

Accruals and deferred income

40,299

37,199

Accrued expenses

5,926

5,926

130,204

171,924

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.19

31.12.18

£

£

Bank loans - 2-5 years

22,917

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.19

31.12.18

value:

£

£

150

Ordinary

£1

150

150

9.

RESERVES

Retained

earnings

£

At 1 January 2019

61,207

Profit for the year

85,251

Dividends

(60,000

)

At 31 December 2019

86,458

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2019

and 31 December 2018:

31.12.19

31.12.18

£

£

Mr G N Davies

Balance outstanding at start of year

(52

)

(52

)

Amounts advanced

200

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

148

(52

)

Mr S M King

Balance outstanding at start of year

(498

)

(698

)

Amounts advanced

1,073

200

Amounts repaid

(575

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(498

)

11.	RELATED PARTY DISCLOSURES

The company was under the control of Mr G N Davies throughout the current and previous period. Mr

G N Davies is the managing director and majority shareholder.

Mr G N Davies is a director of The Bespoke Organisation Limited and Bespoke Training Limited.

Both these companies are dormant and no trading activities took place throughout the financial year.