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REGISTERED NUMBER: 07952489 (England and Wales)















BERNARD SAVAGE (BESPOKE KITCHENS &
INTERIORS) LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2023






BERNARD SAVAGE (BESPOKE KITCHENS &
INTERIORS) LIMITED (REGISTERED NUMBER: 07952489)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

BERNARD SAVAGE (BESPOKE KITCHENS &
INTERIORS) LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: B.J. Savage
T Savage
J.T Savage





REGISTERED OFFICE: Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB





REGISTERED NUMBER: 07952489 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

BERNARD SAVAGE (BESPOKE KITCHENS &
INTERIORS) LIMITED (REGISTERED NUMBER: 07952489)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 90,160 108,946
90,160 108,946

CURRENT ASSETS
Stocks 6 46,300 37,750
Debtors 7 43,757 41,719
Cash at bank and in hand 36,893 80,303
126,950 159,772
CREDITORS
Amounts falling due within one year 8 61,402 90,968
NET CURRENT ASSETS 65,548 68,804
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,708

177,750

CREDITORS
Amounts falling due after more than one
year

9

(60,608

)

(68,886

)

PROVISIONS FOR LIABILITIES (17,130 ) (18,515 )
NET ASSETS 77,970 90,349

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 76,970 89,349
SHAREHOLDERS' FUNDS 77,970 90,349

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

BERNARD SAVAGE (BESPOKE KITCHENS &
INTERIORS) LIMITED (REGISTERED NUMBER: 07952489)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by:





B.J. Savage - Director


BERNARD SAVAGE (BESPOKE KITCHENS &
INTERIORS) LIMITED (REGISTERED NUMBER: 07952489)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Bernard Savage (Bespoke Kitchens & Interiors) 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 represents sales made net of vat. Turnover is recognised when services and goods are supplied.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to leasehold property - 5% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% Straight Line

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

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares of non-puttable ordinary shares which are measured at fair value, with changed recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.


BERNARD SAVAGE (BESPOKE KITCHENS &
INTERIORS) LIMITED (REGISTERED NUMBER: 07952489)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 year was 16 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 40,000
AMORTISATION
At 1 April 2022
and 31 March 2023 40,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

BERNARD SAVAGE (BESPOKE KITCHENS &
INTERIORS) LIMITED (REGISTERED NUMBER: 07952489)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


5. TANGIBLE FIXED ASSETS
Improvements
to
leasehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 44,300 112,158 68,575 16,913 241,946
Additions - 1,703 - 439 2,142
At 31 March 2023 44,300 113,861 68,575 17,352 244,088
DEPRECIATION
At 1 April 2022 9,415 74,982 37,169 11,434 133,000
Charge for year 2,215 7,780 7,852 3,081 20,928
At 31 March 2023 11,630 82,762 45,021 14,515 153,928
NET BOOK VALUE
At 31 March 2023 32,670 31,099 23,554 2,837 90,160
At 31 March 2022 34,885 37,176 31,406 5,479 108,946

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 56,915 47,600 104,515
Transfer to ownership (34,157 ) (19,400 ) (53,557 )
At 31 March 2023 22,758 28,200 50,958
DEPRECIATION
At 1 April 2022 37,006 22,956 59,962
Charge for year 1,268 3,433 4,701
Transfer to ownership (20,587 ) 8,488 (12,099 )
At 31 March 2023 17,687 34,877 52,564
NET BOOK VALUE
At 31 March 2023 5,071 (6,677 ) (1,606 )
At 31 March 2022 19,909 24,644 44,553

6. STOCKS
31.3.23 31.3.22
£    £   
Stocks 46,300 37,750

BERNARD SAVAGE (BESPOKE KITCHENS &
INTERIORS) LIMITED (REGISTERED NUMBER: 07952489)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 29,728 22,216
Other debtors 2,900 4,100
Tax - 15,403
VAT 11,129 -
43,757 41,719

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,713 10,402
Hire purchase contracts 3,575 13,495
Trade creditors 21,268 -
Social security and other taxes 10,704 48,119
Other creditors 285 221
Credit Card 1,120 5,603
Accrued expenses 13,737 13,128
61,402 90,968

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 19,737 20,805
Bank loans - 2-5 years 17,884 20,109
Bank loans more 5 yr by instal 4,503 9,392
Hire purchase contracts - 3,575
Directors' loan accounts 18,484 15,005
60,608 68,886

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,503 9,392

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 52,837 60,708
Hire purchase contracts 3,575 17,070
56,412 77,778

BERNARD SAVAGE (BESPOKE KITCHENS &
INTERIORS) LIMITED (REGISTERED NUMBER: 07952489)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

12. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Bernard Savage (Bespoke Kitchens &
Interiors) Limited


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 Balance Sheet. 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 Bernard Savage (Bespoke Kitchens & Interiors) Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Bernard Savage (Bespoke Kitchens & Interiors) 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 Bernard Savage (Bespoke Kitchens & Interiors) Limited and state those matters that we have agreed to state to the Board of Directors of Bernard Savage (Bespoke Kitchens & Interiors) 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 Bernard Savage (Bespoke Kitchens & Interiors) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bernard Savage (Bespoke Kitchens & Interiors) 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 Bernard Savage (Bespoke Kitchens & Interiors) Limited. You consider that Bernard Savage (Bespoke Kitchens & Interiors) Limited 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 financial statements of Bernard Savage (Bespoke Kitchens & Interiors) 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.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


23 November 2023