Bespoke-advice Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08754524 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2023 TO 31 OCTOBER 2023

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

-

257,312

Tangible assets

5

18,857

21,837

18,857

279,149

CURRENT ASSETS

Debtors

148,017

116,085

Cash at bank

256,954

237,122

404,971

353,207

CREDITORS

Amounts falling due within one year

(121,281

)

(401,058

)

NET CURRENT ASSETS/(LIABILITIES)

283,690

(47,851

)

TOTAL ASSETS LESS CURRENT LIABILITIES

302,547

231,298

CREDITORS

Amounts falling due after more than one year

(18,859

)

(24,652

)

NET ASSETS

283,688

206,646

CAPITAL AND RESERVES

Called up share capital

6

75,100

75,100

Retained earnings

208,588

131,546

SHAREHOLDERS' FUNDS

283,688

206,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2023 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 period ended 31 October 2023 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 18 January 2024 and were signed on its behalf by:

A J F Morley - 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 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 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 period was 12 (2023 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2023

285,502

Additions

(19,697

)

Disposals

(265,805

)

At 31 October 2023

-

AMORTISATION

At 1 May 2023

28,190

Amortisation for period

14,353

Eliminated on disposal

(42,543

)

At 31 October 2023

-

NET BOOK VALUE

At 31 October 2023

-

At 30 April 2023

257,312

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2023

and 31 October 2023

29,640

DEPRECIATION

At 1 May 2023

7,803

Charge for period

2,980

At 31 October 2023

10,783

NET BOOK VALUE

At 31 October 2023

18,857

At 30 April 2023

21,837

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.23

30.4.23

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

Mrs S C Lane

Director and shareholder

Within other creditors is an amount owing to Mrs S C Lane of nil (2023: £206,680). The amount is unsecured and interest-free. The creditor was repaid in full during the period.

Cardan Financial Group Limited

Parent company

During the period, the company charged Cardan Financial Group Limited £nil (2023: £60,000) in respect of management fees on an arm's length basis.

31.10.23

30.4.23

£

£

Amount due from related party at the balance sheet date

15,090

60,000

Bespoke Risk Management Limited

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

During the year Bespoke Risk Management Limited charged the company nil (2022: £2,000) 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 period ended 31 October 2023 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 period.

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: .............................................