1 July 2021 false No description of principal activity Taxfiler 2023.9 10651276business:PrivateLimitedCompanyLtd2021-07-012022-06-29 106512762021-06-30 106512762021-07-012022-06-29 10651276business:AuditExemptWithAccountantsReport2021-07-012022-06-29 10651276business:FilletedAccounts2021-07-012022-06-29 106512762022-06-29 10651276business:Director12021-07-012022-06-29 10651276business:Director22021-07-012022-06-29 10651276business:RegisteredOffice2021-07-012022-06-29 106512762021-06-30 10651276core:WithinOneYear2022-06-29 10651276core:WithinOneYear2021-06-30 10651276core:AfterOneYear2022-06-29 10651276core:AfterOneYear2021-06-30 10651276core:ShareCapitalcore:PreviouslyStatedAmount2022-06-29 10651276core:ShareCapitalcore:PreviouslyStatedAmount2021-06-30 10651276core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-29 10651276core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-06-30 10651276core:PreviouslyStatedAmount2022-06-29 10651276core:PreviouslyStatedAmount2021-06-30 10651276business:SmallEntities2021-07-012022-06-29 10651276countries:EnglandWales2021-07-012022-06-29 10651276core:PlantMachinery2021-07-012022-06-29 10651276core:MotorVehicles2021-07-012022-06-29 10651276core:ComputerEquipment2021-07-012022-06-29 10651276core:PlantMachinery2021-06-30 10651276core:MotorVehicles2021-06-30 10651276core:FurnitureFittings2021-06-30 10651276core:PlantMachinery2022-06-29 10651276core:MotorVehicles2022-06-29 10651276core:FurnitureFittings2022-06-29 10651276core:FurnitureFittings2021-07-012022-06-29 10651276core:AcceleratedTaxDepreciationDeferredTax2022-06-29 10651276core:AcceleratedTaxDepreciationDeferredTax2021-06-30 106512762020-03-31 106512762020-04-012021-06-30 10651276business:OrdinaryShareClass12021-07-012022-06-29 10651276business:OrdinaryShareClass12020-04-012021-06-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 10651276 (England and Wales)
Heritage Bespoke Limited Unaudited accounts for the period from 1 July 2021 to 29 June 2022
Heritage Bespoke Limited Unaudited accounts Contents
Page
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Heritage Bespoke Limited Company Information for the period from 1 July 2021 to 29 June 2022
Directors
Irene Copeland Laura Copeland
Company Number
10651276 (England and Wales)
Registered Office
Units 7 & 8, Lord Raglan Maltkilns Methley Road Castleford West Yorkshire WF10 1PW
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Heritage Bespoke Limited Statement of financial position as at 29 June 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,327 
1,663 
Current assets
Inventories
24,221 
18,757 
Debtors
140,709 
134,188 
Cash at bank and in hand
5,136 
7,945 
170,066 
160,890 
Creditors: amounts falling due within one year
(134,148)
(120,247)
Net current assets
35,918 
40,643 
Total assets less current liabilities
37,245 
42,306 
Creditors: amounts falling due after more than one year
(31,667)
(40,000)
Provisions for liabilities
Deferred tax
(251)
(315)
Net assets
5,327 
1,991 
Capital and reserves
Called up share capital
50 
50 
Profit and loss account
5,277 
1,941 
Shareholders' funds
5,327 
1,991 
For the period ending 29 June 2022 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2023 and were signed on its behalf by
Laura Copeland Director Company Registration No. 10651276
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Heritage Bespoke Limited Notes to the Accounts for the period from 1 July 2021 to 29 June 2022
1
Statutory information
Heritage Bespoke Limited is a private company, limited by shares, registered in England and Wales, registration number 10651276. The registered office is Units 7 & 8, Lord Raglan Maltkilns, Methley Road, Castleford, West Yorkshire, WF10 1PW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
33.3% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Heritage Bespoke Limited Notes to the Accounts for the period from 1 July 2021 to 29 June 2022
Covid-19
The bounce back loan drawn down last year is shown in creditors under one year and over one year on the company’s balance sheet. The interest paid on the loan is shown in interest payable. The company also utilised the furlough scheme in the period. The amounts received are shown in Government grants within the profit and loss account.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2021
2,500 
500 
300 
3,300 
At 29 June 2022
2,500 
500 
300 
3,300 
Depreciation
At 1 July 2021
1,195 
342 
100 
1,637 
Charge for the period
196 
40 
100 
336 
At 29 June 2022
1,391 
382 
200 
1,973 
Net book value
At 29 June 2022
1,109 
118 
100 
1,327 
At 30 June 2021
1,305 
158 
200 
1,663 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
140,709 
134,188 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
67,021 
63,217 
Trade creditors
9,764 
4,998 
Taxes and social security
17,451 
16,047 
Other creditors
18,598 
16,396 
Loans from directors
11,314 
9,589 
134,148 
120,247 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
31,667 
40,000 
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Heritage Bespoke Limited Notes to the Accounts for the period from 1 July 2021 to 29 June 2022
8
Deferred taxation
2022 
2021 
£ 
£ 
Accelerated capital allowances
251 
315 
2022 
2021 
£ 
£ 
Provision at start of period
315 
331 
Credited to the profit and loss account
(64)
(16)
Provision at end of period
251 
315 
9
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
50 Ordinary shares of £1 each
50 
50 
10
Average number of employees
During the period the average number of employees was 9 (2021: 8).
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