Bespoke-advice Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08754524 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022

FOR

BESPOKE-ADVICE LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Mrs S C Lane

A J F Morley

REGISTERED OFFICE:

English Mutual House

22 The Tything

Worcester

Worcestershire

WR1 1HD

REGISTERED NUMBER:

08754524 (England and Wales)

ACCOUNTANTS:

Andorran Limited

6 Manor Park Business Centre

Mackenzie Way

Cheltenham

Gloucestershire

GL51 9TX

FIXED ASSETS

Intangible assets

4

199,400

75,000

Tangible assets

5

15,491

4,619

214,891

79,619

CURRENT ASSETS

Debtors

52,222

2,500

Cash at bank

213,373

288,576

265,595

291,076

CREDITORS

Amounts falling due within one year

(267,392

)

(205,840

)

NET CURRENT (LIABILITIES)/ASSETS

(1,797

)

85,236

TOTAL ASSETS LESS CURRENT LIABILITIES

213,094

164,855

CREDITORS

Amounts falling due after more than one year

(67,253

)

(44,357

)

NET ASSETS

145,841

120,498

CAPITAL AND RESERVES

Called up share capital

6

75,100

75,100

Retained earnings

70,741

45,398

SHAREHOLDERS' FUNDS

145,841

120,498

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 April 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2022 and were signed on its behalf by:

Mrs S C Lane - Director

1.	STATUTORY INFORMATION

Bespoke-advice 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 the value of commissions received after making appropriate allowance for clawback of commissions received on an indemnity basis. Income is recognised when business is written.

Goodwill

Goodwill on the acquisition of a business is capitalised at cost in full when the contract for purchase is entered into, with any deferred instalments included as liabilities.

Goodwill is amortised in equal instalments over ten years, commencing on the first day of the accounting period immediately following the accounting year in which the acquisition was made.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Taxation

Taxation for the year 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 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 statement of financial position date.

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 5 (2021 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2021

75,000

Additions

131,900

At 30 April 2022

206,900

AMORTISATION

Amortisation for year

7,500

At 30 April 2022

7,500

NET BOOK VALUE

At 30 April 2022

199,400

At 30 April 2021

75,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2021

5,319

Additions

12,544

At 30 April 2022

17,863

DEPRECIATION

At 1 May 2021

700

Charge for year

1,672

At 30 April 2022

2,372

NET BOOK VALUE

At 30 April 2022

15,491

At 30 April 2021

4,619

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.22

30.4.21

value:

£

£

75

C Ordinary

£1,00

0

75,000

75,000

50

M Ordinary

£1

50

50

50

S Ordinary

£1

50

50

75,100

75,100

7.	RELATED PARTY DISCLOSURES

A J F Morley

Director

During the year the company loaned Mr Morley £31,085, which has been repaid in full by the director since the year end.

30.4.22

30.4.21

£

£

Amount due from related party at the balance sheet date

31,085

-

Bespoke Risk Management Limited

A company in which Mrs S C Lane is the sole shareholder and director

During the year the company paid Bespoke Risk Management Limited fees amounting to £6,462 (2021: £12,528) on an arm's length basis.

During the year Bespoke Risk Management Limited charged the company £23,200 (2021: £24,000) in respect of management fees on an arm's length basis.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bespoke-advice Limited for the year ended 30 April 2022 which comprise the Statement of Income and Retained Earnings, Abridged Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bespoke-advice Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bespoke-advice Limited and state those matters that we have agreed to state to the Board of Directors of Bespoke-advice Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bespoke-advice Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bespoke-advice Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bespoke-advice Limited. You consider that Bespoke-advice Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bespoke-advice Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Andorran Limited

6 Manor Park Business Centre

Mackenzie Way

Cheltenham

Gloucestershire

GL51 9TX

Date: .............................................