Bespoke Catering & Events Limited 28/02/2021 iXBRL

Bespoke Catering & Events Limited 28/02/2021 iXBRL

BESPOKE CATERING & EVENTS LIMITED - Company Information

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28/02/2021 2021-02-28 false false false false false false false false false false true false false true false false false true false false false false No description of principal activities is disclosed 2020-02-29 Sage Accounts Production 2020 Update 1 - FRS102_2014 xbrli:pure xbrli:shares iso4217:GBP SC469848 2020-02-29 2021-02-28 SC469848 2021-02-28 SC469848 2020-02-28 SC469848 2019-02-28 2020-02-28 SC469848 2020-02-28 SC469848 core:PlantMachinery 2020-02-29 2021-02-28 SC469848 core:FurnitureFittingsToolsEquipment 2020-02-29 2021-02-28 SC469848 core:MotorVehicles 2020-02-29 2021-02-28 SC469848 bus:RegisteredOffice 2020-02-29 2021-02-28 SC469848 bus:LeadAgentIfApplicable 2020-02-29 2021-02-28 SC469848 bus:Director1 2020-02-29 2021-02-28 SC469848 bus:Director2 2020-02-29 2021-02-28 SC469848 core:LandBuildings core:OwnedOrFreeholdAssets 2020-02-28 SC469848 core:FurnitureFittingsToolsEquipment 2020-02-28 SC469848 core:MotorVehicles 2020-02-28 SC469848 core:LandBuildings core:OwnedOrFreeholdAssets 2021-02-28 SC469848 core:FurnitureFittingsToolsEquipment 2021-02-28 SC469848 core:MotorVehicles 2021-02-28 SC469848 core:WithinOneYear 2021-02-28 SC469848 core:WithinOneYear 2020-02-28 SC469848 core:AfterOneYear 2021-02-28 SC469848 core:AfterOneYear 2020-02-28 SC469848 core:ShareCapital 2021-02-28 SC469848 core:ShareCapital 2020-02-28 SC469848 core:RetainedEarningsAccumulatedLosses 2021-02-28 SC469848 core:RetainedEarningsAccumulatedLosses 2020-02-28 SC469848 core:LandBuildings core:OwnedOrFreeholdAssets 2020-02-29 2021-02-28 SC469848 core:LandBuildings core:OwnedOrFreeholdAssets 2020-02-28 SC469848 core:FurnitureFittingsToolsEquipment 2020-02-28 SC469848 core:MotorVehicles 2020-02-28 SC469848 bus:Director1 2020-02-28 SC469848 bus:Director1 2021-02-28 SC469848 bus:Director2 2020-02-28 SC469848 bus:Director2 2021-02-28 SC469848 bus:SmallEntities 2020-02-29 2021-02-28 SC469848 bus:AuditExemptWithAccountantsReport 2020-02-29 2021-02-28 SC469848 bus:FullAccounts 2020-02-29 2021-02-28 SC469848 bus:SmallCompaniesRegimeForAccounts 2020-02-29 2021-02-28 SC469848 bus:PrivateLimitedCompanyLtd 2020-02-29 2021-02-28
Company registration number: SC469848
Bespoke Catering & Events Limited
28 February 2021
Dickson Middleton
Chartered Accountants
www.dicksonmiddleton.co.uk
A member firm of the UK 200 Group
Bespoke Catering & Events Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Bespoke Catering & Events Limited
Directors and other information
Directors Mr C Naylor
Mrs K Naylor
Company number SC469848
Registered office Unit 4B Block 4
Manor Loan Business Park
Stirling
FK9 5QD
Business address Unit 4B Block 4
Manor Loan Business Park
Stirling
FK9 5QD
Accountants Dickson Middleton
Chartered Accountants
20 Barnton Street
Stirling
FK8 1NE
Bankers Santander
2 Triton Square
Regent's Place
London
NW1 3AN
Bespoke Catering & Events Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Bespoke Catering & Events Limited
Year ended 28 February 2021
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 Catering & Events Limited for the year ended 28 February 2021 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/FrameworkforthePreparationofAccounts.
This report is made solely to the board of directors of Bespoke Catering & Events Limited, as a body, in accordance with the terms of our engagement letter dated 25 May 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Bespoke Catering & Events Limited and state those matters that we have agreed to state to the board of directors of Bespoke Catering & Events Limited as a body, in this report in accordance with the requirements of ICAS as detailed at https://www.icas.com/FrameworkforthePreparationofAccounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bespoke Catering & Events Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Bespoke Catering & Events 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 loss of Bespoke Catering & Events Limited. You consider that Bespoke Catering & Events 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 Catering & Events 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.
Dickson Middleton
Chartered Accountants
20 Barnton Street
Stirling
FK8 1NE
26 January 2022
Bespoke Catering & Events Limited
Statement of financial position
28 February 2021
2021 2020
Note £ £ £ £
Fixed assets
Tangible assets 5 142,516 177,934
_______ _______
142,516 177,934
Current assets
Stocks 10,000 10,000
Debtors 6 181,657 287,646
Cash at bank and in hand 5,000 3,378
_______ _______
196,657 301,024
Creditors: amounts falling due
within one year 7 ( 214,994) ( 357,694)
_______ _______
Net current liabilities ( 18,337) ( 56,670)
_______ _______
Total assets less current liabilities 124,179 121,264
Creditors: amounts falling due
after more than one year 8 ( 160,100) ( 84,885)
Provisions for liabilities ( 25,344) ( 32,910)
_______ _______
Net (liabilities)/assets ( 61,265) 3,469
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account ( 61,267) 3,467
_______ _______
Shareholders (deficit)/funds ( 61,265) 3,469
_______ _______
For the year ending 28 February 2021 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.
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 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 income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 26 January 2022 , and are signed on behalf of the board by:
Mrs K Naylor
Director
Company registration number: SC469848
Bespoke Catering & Events Limited
Notes to the financial statements
Year ended 28 February 2021
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Bespoke Catering & Events Limited, Unit 4B Block 4, Manor Loan Business Park, Stirling, FK9 5QD.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historic cost basis. The financial statements are prepared in sterling, which is the functional currency of the Company.
Going concern
The impact of the COVID pandemic has had an adverse affect on the company's ability to trade and as a result the company has net liabilities at 28 February 2021. The company has taken advantage of assitance given by government in the form of grants and loans and as a result is hopeful of trade resuming to normal levels within a few years. As a result the directors consider the going concern basis of accounting to remain appropriate.
Turnover
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.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Operating leases
Rentals payable under operating leases are charged to the statement of income on a straight line basis over the period of the lease. The benefits of lease incentives are recognised in the statement of income over the lease period.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
Plant and machinery - 20 % reducing balance
Fittings fixtures and equipment - 20 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stock is valued at the lower of cost and net realisable value.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Defined contribution plans
The company operates defined contribution plans for its employees. Contributions payable are recognised in the statement of income when due.
4. Staff numbers
The average number of persons employed by the company during the year amounted to 14 (2020: 14 ).
5. Tangible assets
Freehold property Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 29 February 2020 11,810 39,073 238,466 289,349
Additions - 9,128 - 9,128
_______ _______ _______ _______
At 28 February 2021 11,810 48,201 238,466 298,477
_______ _______ _______ _______
Depreciation
At 29 February 2020 7,086 16,706 87,623 111,415
Charge for the year 2,362 4,473 37,711 44,546
_______ _______ _______ _______
At 28 February 2021 9,448 21,179 125,334 155,961
_______ _______ _______ _______
Carrying amount
At 28 February 2021 2,362 27,022 113,132 142,516
_______ _______ _______ _______
At 28 February 2020 4,724 22,367 150,843 177,934
_______ _______ _______ _______
6. Debtors
2021 2020
£ £
Trade debtors 68,331 277,646
Other debtors 113,326 10,000
_______ _______
181,657 287,646
_______ _______
7. Creditors: amounts falling due within one year
2021 2020
£ £
Bank loans and overdrafts 64,401 34,980
Trade creditors - 7,500
Social security and other taxes 77,830 87,350
Other creditors 72,763 227,864
_______ _______
214,994 357,694
_______ _______
8. Creditors: amounts falling due after more than one year
2021 2020
£ £
Bank loans and overdrafts 100,000 -
Other creditors 60,100 84,885
_______ _______
160,100 84,885
_______ _______
9. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr C Naylor ( 2,401) 52,966 50,565
Mrs K Naylor ( 2,401) 52,966 50,565
_______ _______ _______
( 4,802) 105,932 101,130
_______ _______ _______
10. Controlling party
No one shareholder has overall control of the company.