Robert Attrill Bespoke Fabrications Limited Filleted accounts for Companies House (small and micro)

ROBERT ATTRILL BESPOKE FABRICATIONS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 11287868

Robert Attrill Bespoke Fabrications Limited

Filleted Unaudited Financial Statements

30 April 2020

Robert Attrill Bespoke Fabrications Limited

Statement of Financial Position

30 April 2020

	2020	2019
Note	£	£

Fixed assets

Tangible assets	5	25,484	20,457

Current assets

Stocks		14,693	–
Debtors	6	72,090	154,739
Cash at bank and in hand		276,868	50,051
		---------	---------
		363,651	204,790

Creditors: amounts falling due within one year	7	189,872	140,220
		---------	---------
Net current assets		173,779	64,570
		---------	--------
Total assets less current liabilities		199,263	85,027

Creditors: amounts falling due after more than one year	8	11,234	15,728
		---------	--------
Net assets		188,029	69,299
		---------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	187,929	69,199
	---------	--------
Shareholders funds	188,029	69,299
	---------	--------

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 Section 1A of 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 comprehensive income has not been delivered.

For the year ending 30 April 2020 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 .

Robert Attrill Bespoke Fabrications Limited

Statement of Financial Position (continued)

30 April 2020

These financial statements were approved by the board of directors and authorised for issue on 17 December 2020 , and are signed on behalf of the board by:

Mr R E Attrill	Mrs J S Attrill
Director	Director

Company registration number: 11287868

Robert Attrill Bespoke Fabrications Limited

Notes to the Financial Statements

Year ended 30 April 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 3, Unit 1 Meadowbank Business Park, Shap Road, Kendal, Cumbria, LA9 6NY.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	25% reducing balance
Computer equipment	-	33% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2019: 1 ).

5. Tangible assets

	Motor vehicles	Computer equipment	Total
	£	£	£
Cost
At 1 May 2019	26,614	662	27,276
Additions	13,650	–	13,650
	--------	----	--------
At 30 April 2020	40,264	662	40,926
	--------	----	--------
Depreciation
At 1 May 2019	6,654	165	6,819
Charge for the year	8,402	221	8,623
	--------	----	--------
At 30 April 2020	15,056	386	15,442
	--------	----	--------
Carrying amount
At 30 April 2020	25,208	276	25,484
	--------	----	--------
At 30 April 2019	19,960	497	20,457
	--------	----	--------

6. Debtors

	2020	2019
	£	£
Trade debtors	67,903	135,466
Other debtors	4,187	19,273
	--------	---------
	72,090	154,739
	--------	---------

7. Creditors: amounts falling due within one year

	2020	2019
	£	£
Trade creditors	99,259	116,108
Corporation tax	42,856	17,963
Social security and other taxes	–	150
Other creditors	47,757	5,999
	---------	---------
	189,872	140,220
	---------	---------

8. Creditors: amounts falling due after more than one year

	2020	2019
	£	£
Other creditors	11,234	15,728
	--------	--------

9. Related party transactions

The company was under the control of Mr R E Attrill & Mrs J S Attrill throughout the current year and previous period. Mr & Mrs Attrill are the only directors and majority shareholders. During the year dividends of £ 69,000 (2019 - £27,836) were paid to Messrs Attrill. On the balance sheet date the company owed Messrs Attrill £ 42,463 (2019 - £Nil) and this is included in Other Creditors.