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REGISTERED NUMBER: 10241578 (England and Wales)





















CREATE BESPOKE INTERIORS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






CREATE BESPOKE INTERIORS LIMITED (REGISTERED NUMBER: 10241578)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


CREATE BESPOKE INTERIORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: M Gray
L Spridgens





REGISTERED OFFICE: 22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ





REGISTERED NUMBER: 10241578 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

CREATE BESPOKE INTERIORS LIMITED (REGISTERED NUMBER: 10241578)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,774 43,111

CURRENT ASSETS
Debtors 5 2,727 7,347
Cash at bank 176,278 178,966
179,005 186,313
CREDITORS
Amounts falling due within one year 6 60,346 58,649
NET CURRENT ASSETS 118,659 127,664
TOTAL ASSETS LESS CURRENT LIABILITIES 158,433 170,775

CREDITORS
Amounts falling due after more than one
year

7

29,172

39,173
NET ASSETS 129,261 131,602

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 129,259 131,600
SHAREHOLDERS' FUNDS 129,261 131,602

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CREATE BESPOKE INTERIORS LIMITED (REGISTERED NUMBER: 10241578)

BALANCE SHEET - continued
30 JUNE 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by:




M Gray - Director



L Spridgens - Director


CREATE BESPOKE INTERIORS LIMITED (REGISTERED NUMBER: 10241578)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Create Bespoke Interiors Limited 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.
Plant and machinery - 25% on reducing balance
Moveable Steel Workshop - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

CREATE BESPOKE INTERIORS LIMITED (REGISTERED NUMBER: 10241578)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Moveable
Plant and Steel Motor Computer
machinery Workshop vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 46,053 43,585 22,491 1,557 113,686
Additions - - 11,750 216 11,966
Disposals - - (11,491 ) - (11,491 )
At 30 June 2023 46,053 43,585 22,750 1,773 114,161
DEPRECIATION
At 1 July 2022 32,324 20,188 17,836 227 70,575
Charge for year 3,433 5,849 3,591 386 13,259
Eliminated on disposal - - (9,447 ) - (9,447 )
At 30 June 2023 35,757 26,037 11,980 613 74,387
NET BOOK VALUE
At 30 June 2023 10,296 17,548 10,770 1,160 39,774
At 30 June 2022 13,729 23,397 4,655 1,330 43,111

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 6,037
Other debtors 2,727 1,310
2,727 7,347

CREATE BESPOKE INTERIORS LIMITED (REGISTERED NUMBER: 10241578)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 8,011 6,691
Corporation tax 23,791 24,719
Social security and other taxes - (345 )
VAT 7,169 6,035
Other creditors 1,954 1,959
Wages control 3,013 2,707
Directors' current accounts 3,808 4,283
Accrued expenses 2,600 2,600
60,346 58,649

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 9,999 10,000
Bank loans - 2-5 years 11,667 21,667
Loan: Mrs J Gray 7,506 7,506
29,172 39,173

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

9. ULTIMATE CONTROLLING PARTY

There is no overall controlling party as the directors hold the shares equally.