2022-03-01 09411022 2023-02-28 09411022 2022-03-01 2023-02-28 09411022 2022-02-28 09411022 2021-03-01 2022-02-28 09411022 uk-core:WithinOneYear 2022-02-28 09411022 uk-core:WithinOneYear 2023-02-28 09411022 uk-core:ShareCapital 2023-02-28 09411022 uk-core:ShareCapital 2022-02-28 09411022 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 09411022 uk-core:RetainedEarningsAccumulatedLosses 2022-02-28 09411022 uk-bus:Director1 2022-03-01 2023-02-28 09411022 uk-core:PlantMachinery 2022-03-01 2023-02-28 09411022 uk-core:ComputerEquipment 2022-03-01 2023-02-28 09411022 uk-core:FurnitureFittings 2022-03-01 2023-02-28 09411022 uk-core:ComputerEquipment 2022-02-28 09411022 uk-core:FurnitureFittings 2022-02-28 09411022 uk-core:PlantMachinery 2022-02-28 09411022 uk-core:PlantMachinery 2023-02-28 09411022 uk-core:FurnitureFittings 2023-02-28 09411022 uk-core:ComputerEquipment 2023-02-28 iso4217:GBP xbrli:pure 09411022 uk-bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 09411022 uk-bus:FRS102 2022-03-01 2023-02-28 09411022 uk-bus:FullAccounts 2022-03-01 2023-02-28 09411022 uk-bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28
UK Bespoke Baitboats Ltd
Registered Number:09411022
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2023
UK Bespoke Baitboats Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
09411022
As at 28 February 2023
UK Bespoke Baitboats Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
3,706
4,576
2
3,706
4,576
Current assets
Inventories
93,734
90,874
3
Trade and other receivables
1,275
9,603
4
27,215
Cash and cash equivalents
15,275
115,752
122,224
Trade and other payables: amounts falling due within one year
(120,190)
(115,988)
5
2,034
(236)
Net current liabilities
Total assets less current liabilities
3,470
6,610
3,470
Net assets
6,610
Capital and reserves
Called up share capital
2
2
Retained earnings
3,468
6,608
3,470
6,610
Shareholders' funds
For the year ended 28 February 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 of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Derry Shawn Sturrock Director
These financial statements were approved and authorised for issue by the Board on 24 November 2023 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 28 February 2023
UK Bespoke Baitboats Ltd
Notes to the Financial Statements
Statutory Information
UK Bespoke Baitboats Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 09411022.
Principal place of business:
Unit 12, Castle Road Business Precinct
Castle Road
Sittingbourne
Kent
ME10 3RP
Registered address:
3 Conqueror Court
Sittingbourne
ME10 5BH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
25% Reducing balance
Computer equipment
25% Reducing balance
Fixtures and fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
2 of 4
5
For the year ended 28 February 2023
UK Bespoke Baitboats Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Plant and
machinery
£
£
£
£
Cost or valuation
At 01 March 2022
10,920
-
768
10,152
366
366
-
-
Additions
At 28 February 2023
10,152
768
366
11,286
Provision for depreciation and impairment
At 01 March 2022
6,344
-
444
5,900
Charge for year
1,236
91
81
1,064
At 28 February 2023
7,580
91
525
6,964
At 28 February 2023
Net book value
3,188
243
275
3,706
At 28 February 2022
4,252
324
-
4,576
3. Inventories
2022
2023
£
£
Stocks
90,874
93,734
4. Trade and other receivables
2022
2023
£
£
Trade debtors
9,404
1,275
Other debtors
199
-
1,275
9,603
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
-
23,307
Taxation and social security
2,059
6,705
Other creditors
113,929
90,178
115,988
120,190
6. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
3 of 4
6
For the year ended 28 February 2023
UK Bespoke Baitboats Ltd
Notes to the Financial Statements Continued
4 of 4