Company Registration No. 08622497 (England and Wales)
BESPOKE SAFETY SOLUTIONS (BSS) LTD
Unaudited accounts
for the year ended 31 July 2023
BESPOKE SAFETY SOLUTIONS (BSS) LTD
Unaudited accounts
Contents
BESPOKE SAFETY SOLUTIONS (BSS) LTD
Company Information
for the year ended 31 July 2023
Directors
Mr G.J. Halfacre
Mrs C.L. Halfacre
Secretary
Mrs C.L. Halfacre
Company Number
08622497 (England and Wales)
Registered Office
16 Mill Lane
Cogenhoe
Northampton
Northants
NN7 1NA
United Kingdom
Accountants
Stephen Beard Accountancy Services
10 Cheshire Road
Thame
Oxon
OX9 3LQ
BESPOKE SAFETY SOLUTIONS (BSS) LTD
Statement of financial position
as at 31 July 2023
Tangible assets
25,391
34,810
Cash at bank and in hand
84,367
105,355
Creditors: amounts falling due within one year
(25,878)
(38,741)
Net current assets
110,756
119,605
Total assets less current liabilities
136,147
154,415
Provisions for liabilities
Net assets
135,972
153,472
Called up share capital
100
100
Profit and loss account
135,872
153,372
Shareholders' funds
135,972
153,472
For the year ending 31 July 2023 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 20 November 2023 and were signed on its behalf by
Mr G.J. Halfacre
Director
Company Registration No. 08622497
BESPOKE SAFETY SOLUTIONS (BSS) LTD
Notes to the Accounts
for the year ended 31 July 2023
BESPOKE SAFETY SOLUTIONS (BSS) LTD is a private company, limited by shares, registered in England and Wales, registration number 08622497. The registered office is 16 Mill Lane, Cogenhoe, Northampton , Northants, NN7 1NA, United Kingdom.
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 year, 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:
Motor vehicles
25% Reducing balance
Fixtures & fittings
20% Straight line
Computer equipment
20% Straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
BESPOKE SAFETY SOLUTIONS (BSS) LTD
Notes to the Accounts
for the year ended 31 July 2023
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.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
36,790
2,756
9,746
49,292
At 31 July 2023
36,790
2,756
9,920
49,466
At 1 August 2022
4,599
1,511
8,372
14,482
Charge for the year
8,048
385
1,160
9,593
At 31 July 2023
12,647
1,896
9,532
24,075
At 31 July 2023
24,143
860
388
25,391
At 31 July 2022
32,191
1,245
1,374
34,810
Amounts falling due within one year
Trade debtors
48,417
48,952
Accrued income and prepayments
3,850
4,039
BESPOKE SAFETY SOLUTIONS (BSS) LTD
Notes to the Accounts
for the year ended 31 July 2023
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,824
5,479
Taxes and social security
7,566
17,000
Loans from directors
2,784
2,258
8
Operating lease commitments
2023
2022
At 31 July 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
4,989
5,442
Later than one year and not later than five years
-
4,535
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).