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
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
Heritage Bespoke Limited
Statement of financial position
as at 29 June 2022
Tangible assets
1,327
1,663
Cash at bank and in hand
5,136
7,945
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
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
Heritage Bespoke Limited
Notes to the Accounts
for the period from 1 July 2021 to 29 June 2022
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
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.
Heritage Bespoke Limited
Notes to the Accounts
for the period from 1 July 2021 to 29 June 2022
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.
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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
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
At 29 June 2022
1,109
118
100
1,327
At 30 June 2021
1,305
158
200
1,663
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
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
7
Creditors: amounts falling due after more than one year
2022
2021
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
Provision at start of period
315
331
Credited to the profit and loss account
(64)
(16)
Provision at end of period
251
315
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).