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REGISTERED NUMBER: 09594804 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

LAING BESPOKE LIMITED

LAING BESPOKE LIMITED (REGISTERED NUMBER: 09594804)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAING BESPOKE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr C Laing
Mrs E Laing



SECRETARY: Mr C Laing



REGISTERED OFFICE: 6 Matford Lane
Exeter
Devon
EX2 4PS



REGISTERED NUMBER: 09594804 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Starling Bank
3rd Floor
2 Finsbury Avenue
London
EC2M 2PP

LAING BESPOKE LIMITED (REGISTERED NUMBER: 09594804)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 529 529
Tangible assets 5 5,953 8,594
6,482 9,123

CURRENT ASSETS
Debtors 6 925 1,817
Cash at bank 8,394 25,924
9,319 27,741
CREDITORS
Amounts falling due within one year 7 57,999 69,027
NET CURRENT LIABILITIES (48,680 ) (41,286 )
TOTAL ASSETS LESS CURRENT LIABILITIES (42,198 ) (32,163 )

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings (42,299 ) (32,264 )
SHAREHOLDERS' FUNDS (42,198 ) (32,163 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

LAING BESPOKE LIMITED (REGISTERED NUMBER: 09594804)

BALANCE SHEET - continued
31 JANUARY 2024


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:




Mr C Laing - Director



Mrs E Laing - Director


LAING BESPOKE LIMITED (REGISTERED NUMBER: 09594804)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Laing Bespoke 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.

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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Cryptocurrency asset are being amortised evenly over their estimated useful life of nil years.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

LAING BESPOKE LIMITED (REGISTERED NUMBER: 09594804)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Cryptocurrency
asset
£   
COST OR VALUATION
At 1 February 2023
and 31 January 2024 529
NET BOOK VALUE
At 31 January 2024 529
At 31 January 2023 529

Cost or valuation at 31 January 2024 is represented by:

Cryptocurrency
asset
£   
Valuation in 2021 156
Valuation in 2021 455
Valuation in 2022 (82 )
529

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023
and 31 January 2024 591 4,360 25,751 5,445 36,147
DEPRECIATION
At 1 February 2023 213 1,683 22,543 3,114 27,553
Charge for year 76 402 802 1,361 2,641
At 31 January 2024 289 2,085 23,345 4,475 30,194
NET BOOK VALUE
At 31 January 2024 302 2,275 2,406 970 5,953
At 31 January 2023 378 2,677 3,208 2,331 8,594

LAING BESPOKE LIMITED (REGISTERED NUMBER: 09594804)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax - 952
VAT 825 520
Prepayments 100 345
925 1,817

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 448 -
Directors' current accounts 56,481 68,072
Accrued expenses 1,070 955
57,999 69,027

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mr C Laing and Mrs E Laing
Balance outstanding at start of year (68,072 ) (218,726 )
Amounts advanced 11,591 151,187
Amounts repaid - (533 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (56,481 ) (68,072 )

Loans are unsecured, interest free and repayable on demand.