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

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

SWD BESPOKE LTD - Company Information

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REGISTERED NUMBER: 03900390 (England and Wales)















Unaudited Financial Statements

for the Year Ended

30 September 2020

for

SWD Bespoke Ltd
Jacksons Accountants (Ascot) Limited
The Old Bakehouse
Course Road
Ascot
Berkshire
SL5 7HL








SWD Bespoke Ltd (Registered number: 03900390)






Contents of the Financial Statements
for the Year Ended 30 September 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SWD Bespoke Ltd

Company Information
for the Year Ended 30 September 2020







DIRECTOR: AP Cope





REGISTERED OFFICE: The Old Bakehouse
Course Road
Ascot
Berkshire
SL5 7HL





REGISTERED NUMBER: 03900390 (England and Wales)





ACCOUNTANTS: Jacksons Accountants (Ascot) Limited
The Old Bakehouse
Course Road
Ascot
Berkshire
SL5 7HL
Page 1
SWD Bespoke Ltd (Registered number: 03900390)

Balance Sheet
30 September 2020

30.9.20 30.9.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 98,774 141,218

CURRENT ASSETS
Debtors 5 509,867 666,439
Cash at bank and in hand 850,727 260,761
1,360,594 927,200
CREDITORS
Amounts falling due within one year 6 1,078,079 909,346
NET CURRENT ASSETS 282,515 17,854
TOTAL ASSETS LESS CURRENT
LIABILITIES
381,289
159,072

CREDITORS
Amounts falling due after more than one
year
7
54,556
69,334
NET ASSETS 326,733 89,738

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 326,731 89,736
SHAREHOLDERS' FUNDS 326,733 89,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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 notes form part of these financial statements

Page 2 continued...
SWD Bespoke Ltd (Registered number: 03900390)

Balance Sheet - continued
30 September 2020


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 and authorised for issue on 9 June 2021 and were signed by:





AP Cope - Director


The notes form part of these financial statements

Page 3
SWD Bespoke Ltd (Registered number: 03900390)

Notes to the Financial Statements
for the Year Ended 30 September 2020

1. STATUTORY INFORMATION

SWD Bespoke 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 recognised on a contract by contract basis as contract activity progresses.

Payments received in advance are not treated as revenue until the company has performed or part-performed its obligations and earned the right to consideration. Such receipts are treated as deferred income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Leasehold improvements - Straight line over 5 years
Office equipment & furniture - 20% on cost
Plant, equipment & fittings - 20% on cost
Computer equipment - 25% on cost

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 9 (2019 - 7 ) .

Page 4 continued...
SWD Bespoke Ltd (Registered number: 03900390)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2020

4. TANGIBLE FIXED ASSETS
Office Plant,
Leasehold equipment equipment
improvements & furniture & fittings
£    £    £   
COST
At 1 October 2019 159,352 16,186 76,587
Additions - 3,575 3,332
At 30 September 2020 159,352 19,761 79,919
DEPRECIATION
At 1 October 2019 79,079 10,687 36,187
Charge for year 31,868 1,921 16,152
At 30 September 2020 110,947 12,608 52,339
NET BOOK VALUE
At 30 September 2020 48,405 7,153 27,580
At 30 September 2019 80,273 5,499 40,400

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2019 29,630 14,898 296,653
Additions - 9,102 16,009
At 30 September 2020 29,630 24,000 312,662
DEPRECIATION
At 1 October 2019 18,268 11,214 155,435
Charge for year 5,925 2,587 58,453
At 30 September 2020 24,193 13,801 213,888
NET BOOK VALUE
At 30 September 2020 5,437 10,199 98,774
At 30 September 2019 11,362 3,684 141,218

Page 5 continued...
SWD Bespoke Ltd (Registered number: 03900390)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2020

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant,
equipment Motor
& fittings vehicles Totals
£    £    £   
COST
At 1 October 2019 40,308 29,630 69,938
Transfer to ownership (40,308 ) - (40,308 )
At 30 September 2020 - 29,630 29,630
DEPRECIATION
At 1 October 2019 20,128 18,268 38,396
Charge for year 8,661 5,925 14,586
Transfer to ownership (28,789 ) - (28,789 )
At 30 September 2020 - 24,193 24,193
NET BOOK VALUE
At 30 September 2020 - 5,437 5,437
At 30 September 2019 20,180 11,362 31,542

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Trade debtors 3,166 6,856
Amounts owed by group undertakings 138,145 138,145
Other debtors - 59,645
Director's loan account 251,591 243,917
Corporation tax 25,997 25,997
Amounts recoverable
on contracts 90,968 191,879
509,867 666,439

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Bank loans and overdrafts 12,183 12,183
Hire purchase contracts 5,069 15,747
Trade creditors 135,335 184,882
Corporation tax 108,981 64,723
Social security and other taxes 111,586 65,057
Other creditors 46,537 61,932
Accrued expenses 1,500 1,500
Deferred income 656,888 503,322
1,078,079 909,346

Page 6 continued...
SWD Bespoke Ltd (Registered number: 03900390)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2020

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.20 30.9.19
£    £   
Bank loans 53,591 63,300
Hire purchase contracts 965 6,034
54,556 69,334

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 53,591 63,300

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2020 and 30 September 2019:

30.9.20 30.9.19
£    £   
AP Cope
Balance outstanding at start of year 243,917 237,604
Amounts advanced 147,604 139,930
Amounts repaid (139,930 ) (133,617 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 251,591 243,917

Page 7