Bespoke In Oak Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05863426 (England and Wales)

Bespoke In Oak Limited

Abbreviated Unaudited Accounts

for the Period

1 September 2015 to 31 October 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

Report of the Accountants

6

DIRECTORS:

M F McKinlay

C A Craig

E Woodger

J G Murphy

REGISTERED OFFICE:

East Haddon Hill

East Haddon

Northampton

England

NN6 8DS

REGISTERED NUMBER:

05863426 (England and Wales)

FIXED ASSETS

Intangible assets

2

20,073

7,500

Tangible assets

3

250,216

312,953

270,289

320,453

CURRENT ASSETS

Stocks

-

73,600

Debtors

217,302

192,345

Cash at bank and in hand

851

322

218,153

266,267

CREDITORS

Amounts falling due within one year

374,867

386,725

NET CURRENT LIABILITIES

(156,714

)

(120,458

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

113,575

199,995

CREDITORS

Amounts falling due after more than one
year

(197,590

)

(235,774

)

PROVISIONS FOR LIABILITIES

(37,752

)

(37,752

)

NET LIABILITIES

(121,767

)

(73,531

)

CAPITAL AND RESERVES

Called up share capital

4

200

Profit and loss account

(121,967

)

(73,731

)

SHAREHOLDERS' FUNDS

(121,767

)

(73,531

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19 July 2017 and were signed on its behalf by:

C A Craig - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

20% on reducing balance and 10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

25,000

Additions

15,490

At 31 October 2016

40,490

AMORTISATION

At 1 September 2015

17,500

Amortisation for period

2,917

At 31 October 2016

20,417

NET BOOK VALUE

At 31 October 2016

20,073

At 31 August 2015

7,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

484,565

Additions

9,703

At 31 October 2016

494,268

DEPRECIATION

At 1 September 2015

171,612

Charge for period

72,440

At 31 October 2016

244,052

NET BOOK VALUE

At 31 October 2016

250,216

At 31 August 2015

312,953

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/10/16

31/8/15

value:

£

200

Ordinary

£1

200

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 31 October 2016 set out on pages two to three and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

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