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REGISTERED NUMBER: 11447778 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Bespoke Recycling Solutions Ltd

Bespoke Recycling Solutions Ltd (Registered number: 11447778)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bespoke Recycling Solutions Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: L G Boden





REGISTERED OFFICE: Unit 25-27 Estate Road 5
South Humberside Industrial Estate
Grimsby
North East Lincs
DN31 2TG





REGISTERED NUMBER: 11447778 (England and Wales)

Bespoke Recycling Solutions Ltd (Registered number: 11447778)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 804,804 696,762
Investments 5 49 20
804,853 696,782

CURRENT ASSETS
Stocks 234,286 237,696
Debtors 6 427,485 358,326
Cash at bank 28,620 123,582
690,391 719,604
CREDITORS
Amounts falling due within one year 7 575,765 346,380
NET CURRENT ASSETS 114,626 373,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

919,479

1,070,006

CREDITORS
Amounts falling due after more than one
year

8

674,343

705,291
NET ASSETS 245,136 364,715

CAPITAL AND RESERVES
Called up share capital 107 107
Share premium 211,473 211,473
Retained earnings 33,556 153,135
245,136 364,715

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Bespoke Recycling Solutions Ltd (Registered number: 11447778)

Balance Sheet - continued
31 May 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 director and authorised for issue on 22 February 2024 and were signed by:





L G Boden - Director


Bespoke Recycling Solutions Ltd (Registered number: 11447778)

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

1. STATUTORY INFORMATION

Bespoke Recycling Solutions Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

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

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.

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.

Bespoke Recycling Solutions Ltd (Registered number: 11447778)

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

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 25 (2022 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 960,451
Additions 323,840
At 31 May 2023 1,284,291
DEPRECIATION
At 1 June 2022 263,689
Charge for year 215,798
At 31 May 2023 479,487
NET BOOK VALUE
At 31 May 2023 804,804
At 31 May 2022 696,762

Bespoke Recycling Solutions Ltd (Registered number: 11447778)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2022 835,618
Additions 261,870
At 31 May 2023 1,097,488
DEPRECIATION
At 1 June 2022 241,900
Charge for year 181,808
At 31 May 2023 423,708
NET BOOK VALUE
At 31 May 2023 673,780
At 31 May 2022 593,718

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2022 20
Additions 49
Disposals (20 )
At 31 May 2023 49
NET BOOK VALUE
At 31 May 2023 49
At 31 May 2022 20

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 334,105 264,946
Other debtors 93,380 93,380
427,485 358,326

Bespoke Recycling Solutions Ltd (Registered number: 11447778)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 24,497 24,497
Hire purchase contracts 248,476 166,298
Trade creditors 33,561 21,197
Taxation and social security 77,318 61,375
Other creditors 191,913 73,013
575,765 346,380

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 53,589 78,072
Hire purchase contracts 620,754 627,219
674,343 705,291

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Bank loans 78,086 102,569
Hire purchase contracts 869,230 793,517
Trade finance 54,338 -
1,001,654 896,086

Amounts owed under hire purchase agreements are secured against the assets to which they relate.

There is a fixed and a floating charge over all the assets of the company so that the company may trade its receivables.

10. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of Mr L Boden by virtue of his controlling shareholding in the company.