Bespoke Affordable Kitchens Limited |
Registered Number:07584198 |
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
Bespoke Affordable Kitchens Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
599,763
350,562
2
175,100
175,100
3
774,863
525,662
150,894
102,102
4
Trade and other receivables |
403,703
277,652
5
51,338
Cash and cash equivalents |
370,038
749,792
605,935
Trade and other payables: amounts falling due within one year |
(288,636)
(500,080)
6
317,299
249,712
Net current assets
Total assets less current liabilities |
1,024,575
842,961
Trade and other payables: amounts falling due after more than |
one year |
(153,559)
(124,715)
7
(2,805)
(4,857)
Provisions for liabilities |
897,055
Net assets
684,545
100
100
896,955
684,445
897,055
684,545
Shareholders' funds
For the year ended 31 March 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 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 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. |
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For the year ended 31 March 2023
Bespoke Affordable Kitchens Limited
Statement of Financial Position Continued
Mr William Frederick Callow Director |
These financial statements were approved and authorised for issue by the Board on 23 November 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2023
Bespoke Affordable Kitchens Limited
Notes to the Financial Statements
Statutory Information
Bespoke Affordable Kitchens Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number |
07584198. |
Principal place of business: |
13 Stanley Avenue
Minster
Sheppey
Kent
ME12 2EY
3 Conqueror Court
Sittingbourne
Kent
ME10 5BH
The presentation currency is £ sterling. |
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, 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
Computer equipment
Motor vehicles
Fixtures and fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis. |
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 March 2023
Bespoke Affordable Kitchens Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
405,592
10,485
4,166
64,205
1,736
325,000
261,470
1,470
-
-
-
260,000
-
-
(16,750)
-
-
(16,750)
585,000
47,455
4,166
11,955
650,312
1,736
Provision for depreciation and impairment |
55,030
6,833
3,293
43,412
1,492
-
Charge for year
3,693
1,025
175
2,444
49
-
(8,174)
-
-
(8,174)
-
-
50,549
7,858
3,468
37,682
1,541
-
585,000
195
9,773
698
4,097
599,763
325,000
244
20,793
873
3,652
350,562
3. Investments held as fixed assets |
Shares in group and participating interests |
175,100
175,100
175,100
175,100
175,100
175,100
175,100
175,100
2022
2023
102,102
150,894
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For the year ended 31 March 2023
Bespoke Affordable Kitchens Limited
Notes to the Financial Statements Continued
5. Trade and other receivables |
2022
2023
81,510
103,703
Amounts owed by group undertakings and participating interests |
150,000
300,000
46,142
-
403,703
277,652
6. Trade and other payables: amounts falling due within one year |
2022
2023
Bank loans and overdraft (secured) |
18,908
-
106,862
84,928
Amounts owed to group undertaking and undertaking in which the company has a |
participating interest |
35,000
-
Taxation and social security |
14,838
26,974
324,472
176,734
500,080
288,636
7. Trade and other payables: amounts falling due after more than one year |
2022
2023
Bank loans and overdraft (secured) |
124,715
153,559
8. Average number of persons employed |
During the year the average number of employees was 3 (2022 : 2)
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