Bespoke Training & Development Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04310650 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2022

for

Bespoke Training & Development Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R Oliver

Mrs D C Davies

REGISTERED OFFICE:

Blissford Lodge

Blissford Hill

Frogham

Fordingbridge

Hampshire

SP6 2HU

REGISTERED NUMBER:

04310650 (England and Wales)

ACCOUNTANTS:

Thomas Croft Limited

Accountants And Taxation Consultants

Solent House

107a Alma Road

Portswood

Southampton

Hampshire

SO14 6UY

FIXED ASSETS

Tangible assets

4

9,234

10,102

CURRENT ASSETS

Debtors

5

58,709

78,241

Cash at bank

291,169

412,541

349,878

490,782

CREDITORS

Amounts falling due within one year

6

272,633

205,365

NET CURRENT ASSETS

77,245

285,417

TOTAL ASSETS LESS CURRENT LIABILITIES

86,479

295,519

CAPITAL AND RESERVES

Called up share capital

7

2

150

Revaluation reserve

8

(309,202

)

-

Retained earnings

8

395,679

295,369

SHAREHOLDERS' FUNDS

86,479

295,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 24 May 2023 and were signed on its behalf by:

Mr R Oliver - Director

Mrs D C Davies - Director

1.	STATUTORY INFORMATION

Bespoke Training & Development 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.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2021 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2022

129

2,046

13,431

15,606

Additions

-

-

2,714

2,714

At 31 December 2022

129

2,046

16,145

18,320

DEPRECIATION

At 1 January 2022

32

149

5,323

5,504

Charge for year

24

474

3,084

3,582

At 31 December 2022

56

623

8,407

9,086

NET BOOK VALUE

At 31 December 2022

73

1,423

7,738

9,234

At 31 December 2021

97

1,897

8,108

10,102

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

47,137

70,276

Other debtors

8,754

5,303

Directors' current accounts

-

148

Prepayments

2,818

2,514

58,709

78,241

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade creditors

43,973

9,371

Corporation tax

62,114

55,718

Social security and other taxes

-

7,100

VAT

41,554

57,988

Other creditors

1,575

2,023

Accruals and deferred income

123,417

73,165

272,633

205,365

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.22

31.12.21

value:

£

£

2

Ordinary

£1

2

150

8.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 January 2022

295,369

-

295,369

Profit for the year

263,023

263,023

Dividends

(162,713

)

(162,713

)

Purchase of own shares

-

(309,202

)

(309,202

)

At 31 December 2022

395,679

(309,202

)

86,477

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

31.12.22

31.12.21

£

£

Mr G N Davies

Balance outstanding at start of year

148

148

Amounts repaid

(148

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

148

10.	RELATED PARTY DISCLOSURES

The company was under the control of Mr G N Davies, Mr R Oliver and Mrs D Davies throughout the current year.. Mr G N Davies resigned as a director on the 18.11.22. Mr R Oliver and Mrs D Davies are the managing directors and majority shareholders.

No transactions with related companies were undertaken as such as are required to be disclosed under Section 1a (Small Entities) for Financial Reporting Standard 102.