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COMPANY REGISTRATION NUMBER: 11287868
Robert Attrill Bespoke Fabrications Limited
Filleted Unaudited Financial Statements
30 April 2023
Robert Attrill Bespoke Fabrications Limited
Statement of Financial Position
30 April 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
22,909
36,304
Current assets
Stocks
5,050
15,517
Debtors
6
250,935
355,557
Cash at bank and in hand
406,748
216,078
---------
---------
662,733
587,152
Creditors: amounts falling due within one year
7
288,182
394,252
---------
---------
Net current assets
374,551
192,900
---------
---------
Total assets less current liabilities
397,460
229,204
Creditors: amounts falling due after more than one year
8
20,833
30,833
Provisions
4,465
6,898
---------
---------
Net assets
372,162
191,473
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
372,062
191,373
---------
---------
Shareholders funds
372,162
191,473
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Robert Attrill Bespoke Fabrications Limited
Statement of Financial Position (continued)
30 April 2023
These financial statements were approved by the board of directors and authorised for issue on 5 February 2024 , and are signed on behalf of the board by:
Mr R E Attrill
Mrs J S Attrill
Director
Director
Company registration number: 11287868
Robert Attrill Bespoke Fabrications Limited
Notes to the Financial Statements
Year ended 30 April 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 3, Unit 1 Meadowbank Business Park, Shap Road, Kendal, Cumbria, LA9 6NY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% reducing balance
Computer equipment
-
33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Motor vehicles
Computer equipment
Total
£
£
£
Cost
At 1 May 2022
69,764
662
70,426
Disposals
( 13,650)
( 662)
( 14,312)
--------
----
--------
At 30 April 2023
56,114
56,114
--------
----
--------
Depreciation
At 1 May 2022
33,460
662
34,122
Charge for the year
7,637
7,637
Disposals
( 7,892)
( 662)
( 8,554)
--------
----
--------
At 30 April 2023
33,205
33,205
--------
----
--------
Carrying amount
At 30 April 2023
22,909
22,909
--------
----
--------
At 30 April 2022
36,304
36,304
--------
----
--------
6. Debtors
2023
2022
£
£
Trade debtors
250,935
355,557
---------
---------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
159,621
298,728
Corporation tax
68,390
16,623
Social security and other taxes
10,294
10,775
Other creditors
39,877
58,126
---------
---------
288,182
394,252
---------
---------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
20,833
30,833
--------
--------
9. Related party transactions
The company was under the control of Mr R E Attrill & Mrs J S Attrill throughout the current and previous year. Mr & Mrs Attrill are the only directors and are majority shareholders and together with family members hold all of the issued share capital. During the year dividends of £ 90,800 (2022 - £90,800) were paid to Messrs Attrill. On the balance sheet date the company owed Messrs Attrill £ 38,277 (2022 - £56,926) and this is included in Other creditors.