Company Registration No. 11574413 (England and Wales)
Bespoke Estetique Limited
Unaudited accounts
for the year ended 30 September 2020
Bespoke Estetique Limited
Unaudited accounts
Contents
Bespoke Estetique Limited
Company Information
for the year ended 30 September 2020
Directors
Alexandra Lorena Mechenici
Constantin Bogdan Rosca
Company Number
11574413 (England and Wales)
Registered Office
19a High Street
Chelmsford
Essex
CM1 1BE
United Kingdom
Accountants
Miles & Co
8 Canon Road
Flitch Green
Dunmow
Essex
CM6 3GF
Bespoke Estetique Limited
Statement of financial position
as at 30 September 2020
Tangible assets
4,453
4,581
Cash at bank and in hand
5,022
4,660
Creditors: amounts falling due within one year
(11,431)
(9,314)
Net current assets
1,691
1,646
Total assets less current liabilities
6,144
6,227
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
5,198
5,290
Shareholders' funds
5,298
5,390
For the year ending 30 September 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 June 2021 and were signed on its behalf by
Alexandra Lorena Mechenici
Director
Company Registration No. 11574413
Bespoke Estetique Limited
Notes to the Accounts
for the year ended 30 September 2020
Bespoke Estetique Limited is a private company, limited by shares, registered in England and Wales, registration number 11574413. The registered office is 19a High Street, Chelmsford, Essex, CM1 1BE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Grants relating to revenue are recognised as income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
3 years straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Bespoke Estetique Limited
Notes to the Accounts
for the year ended 30 September 2020
The company has elected to apply the provisions of Section 11: 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.
Financial assets and liabilities are offset and the net amount reported in the statements of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Short term debtors are measured at transaction price, less any impairments.
Cash and cash equivalents
Cash is presented by current accounts, cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short term creditors are measured at the transaction price.
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or direct 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 arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Bespoke Estetique Limited
Notes to the Accounts
for the year ended 30 September 2020
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2019
5,875
263
6,138
At 30 September 2020
7,290
263
7,553
At 1 October 2019
1,469
88
1,557
Charge for the year
1,455
88
1,543
At 30 September 2020
2,924
176
3,100
At 30 September 2020
4,366
87
4,453
At 30 September 2019
4,406
175
4,581
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Debtors: amounts falling due within one year
2020
2019
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
948
1,308
Other creditors
6,381
6,930
Loans from directors
2,702
376
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 2 (2019: 2).
