Acorah Software Products - Accounts Production 15.0.600 false true false 11 October 2022 31 October 2023 31 October 2023 14410289 Petros Soterakis Kyprianou iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14410289 2022-10-10 14410289 2023-10-31 14410289 2022-10-11 2023-10-31 14410289 frs-core:CurrentFinancialInstruments 2023-10-31 14410289 frs-core:Non-currentFinancialInstruments 2023-10-31 14410289 frs-core:BetweenOneFiveYears 2023-10-31 14410289 frs-core:FurnitureFittings 2023-10-31 14410289 frs-core:FurnitureFittings 2022-10-11 2023-10-31 14410289 frs-core:FurnitureFittings 2022-10-10 14410289 frs-core:MotorVehicles 2023-10-31 14410289 frs-core:MotorVehicles 2022-10-11 2023-10-31 14410289 frs-core:MotorVehicles 2022-10-10 14410289 frs-core:PlantMachinery 2023-10-31 14410289 frs-core:PlantMachinery 2022-10-11 2023-10-31 14410289 frs-core:PlantMachinery 2022-10-10 14410289 frs-core:WithinOneYear 2023-10-31 14410289 frs-core:ShareCapital 2023-10-31 14410289 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 14410289 frs-bus:PrivateLimitedCompanyLtd 2022-10-11 2023-10-31 14410289 frs-bus:FilletedAccounts 2022-10-11 2023-10-31 14410289 frs-bus:SmallEntities 2022-10-11 2023-10-31 14410289 frs-bus:AuditExempt-NoAccountantsReport 2022-10-11 2023-10-31 14410289 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-11 2023-10-31 14410289 frs-bus:Director1 2022-10-11 2023-10-31 14410289 frs-countries:EnglandWales 2022-10-11 2023-10-31
Registered number: 14410289
Bespoke Wood Flooring Limited
Unaudited Financial Statements
For the Period 11 October 2022 to 31 October 2023
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 14410289
31 October 2023
Notes £ £
FIXED ASSETS
Tangible Assets 3 186,282
186,282
CURRENT ASSETS
Stocks 4 132,771
Debtors 5 65,146
Cash at bank and in hand 2,666
200,583
Creditors: Amounts Falling Due Within One Year 6 (127,772 )
NET CURRENT ASSETS (LIABILITIES) 72,811
TOTAL ASSETS LESS CURRENT LIABILITIES 259,093
Creditors: Amounts Falling Due After More Than One Year 7 (245,802 )
NET ASSETS 13,291
CAPITAL AND RESERVES
Called up share capital 9 100
Income Statement 13,191
SHAREHOLDERS' FUNDS 13,291
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For the period ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Petros Soterakis Kyprianou
Director
10 July 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Significant judgements and estimations
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. 
1.3. Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Sale of goods
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of the goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
1.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% reducing balance method
Motor Vehicles 20% reducing balance method
Furniture, fixtures and equipment 20% reducing balance method
No depreciation is provided in the year of acquisition.
1.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
1.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.7. Financial Instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of comprehensive income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
...CONTINUED
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1.7. Financial Instruments - continued
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the reporting date.
1.8. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
1.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
1.10. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3
3
3. Tangible Assets
Plant & Machinery Motor Vehicles Furniture, fixtures and equipment Total
£ £ £ £
Cost
As at 11 October 2022 - - - -
Additions 129,604 28,942 27,736 186,282
As at 31 October 2023 129,604 28,942 27,736 186,282
Depreciation
As at 11 October 2022 - - - -
As at 31 October 2023 - - - -
Net Book Value
As at 31 October 2023 129,604 28,942 27,736 186,282
As at 11 October 2022 - - - -
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
31 October 2023
£
Motor Vehicles 28,942
28,942
4. Stocks
31 October 2023
£
Stock 132,771
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5. Debtors
31 October 2023
£
Due within one year
Trade debtors 6,123
Prepayments and accrued income 4,197
Other debtors 54,826
65,146
6. Creditors: Amounts Falling Due Within One Year
31 October 2023
£
Net obligations under finance lease and hire purchase contracts 5,750
Trade creditors 24,699
Taxes and social security 73,916
Other creditors 5,475
Accruals and deferred income 17,932
127,772
7. Creditors: Amounts Falling Due After More Than One Year
31 October 2023
£
Net obligations under finance lease and hire purchase contracts 19,045
Amounts owed to related parties 226,757
245,802
8. Obligations Under Finance Leases and Hire Purchase
31 October 2023
£
The maturity of these amounts is as follows:
Within one year 5,750
Between one and five years 19,045
24,795
24,795
9. Share Capital
31 October 2023
£
Allotted, Called up and fully paid 100
10. Related Party Transactions
Included in creditors due more than one year is an amount of £226,757 owed to its shareholders.
11. General Information
Bespoke Wood Flooring Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14410289 . The registered office is 809 , Salisbury House, 29 Finsbury Circus, London, EC2M 7AQ.
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