Collins Bespoke Ltd - Period Ending 2016-04-30

Registration number: 8876885

Collins Bespoke Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

Batchelor Coop Ltd Chartered Accountants
The New Barn Mill Lane Eastry Kent CT13 0JW

Collins Bespoke Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Collins Bespoke Ltd
for the Year Ended 30 April 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Collins Bespoke Ltd for the year ended 30 April 2016 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

As a 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 at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Collins Bespoke Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Collins Bespoke Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Collins Bespoke Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Collins Bespoke Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Collins Bespoke Ltd. You consider that Collins Bespoke Ltd 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 accounts of Collins Bespoke Ltd. 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 accounts.

......................................

Batchelor Coop Ltd
Chartered Accountants
The New Barn
Mill Lane
Eastry
Kent
CT13 0JW

13 September 2016

Page 1

Collins Bespoke Ltd
(Registration number: 8876885)
Abbreviated Balance Sheet at 30 April 2016

		Note			30 April 2016 £			30 April 2015 £
Fixed assets
Tangible fixed assets					15,567			3,991
Current assets
Stocks					33,000			28,500
Debtors					18,879			4,971
Cash at bank and in hand					94,976			76,161
					146,855			109,632
Creditors: Amounts falling due within one year					(87,952)			(88,253)
Net current assets					58,903			21,379
Total assets less current liabilities					74,470			25,370
Provisions for liabilities					(3,113)			(798)
Net assets					71,357			24,572
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					71,257			24,472
Shareholders' funds					71,357			24,572

For the year ending 30 April 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 12 September 2016 and signed on its behalf by:

.........................................
Mr Nicholas James Collins
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Collins Bespoke Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised when goods are supplied, irrespective of the date the goods were invoiced.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance

Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 3

Collins Bespoke Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2015		4,694			4,694
Additions		14,324			14,324
At 30 April 2016		19,018			19,018
Depreciation
At 1 May 2015		703			703
Charge for the year		2,748			2,748
At 30 April 2016		3,451			3,451
Net book value
At 30 April 2016		15,567			15,567
At 30 April 2015		3,991			3,991

3	Share capital

Allotted, called up and fully paid shares

	30 April 2016						30 April 2015
		No.			£			No.			£
Ordinary A shares of £1 each		60			60			60			60
Ordinary B shares of £1 each		40			40			40			40
		100			100			100			100

Page 4