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REGISTERED NUMBER: 12427670 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2024

FOR

DELAMERE BESPOKE INTERIORS LTD

DELAMERE BESPOKE INTERIORS LTD (REGISTERED NUMBER: 12427670)

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


DELAMERE BESPOKE INTERIORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: J S Marshall





REGISTERED OFFICE: 2 Farthing Hill
Ticehurst
Wadhurst
East Sussex
TN5 7BW





REGISTERED NUMBER: 12427670 (England and Wales)





ACCOUNTANTS: Honey Barrett Limited
Chartered Accountants
Pharmacy Chambers
High Street
Wadhurst
East Sussex
TN5 6AP

DELAMERE BESPOKE INTERIORS LTD (REGISTERED NUMBER: 12427670)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 17,693 16,961

CURRENT ASSETS
Stocks 6 24,173 12,782
Debtors 7 18,813 47,302
Cash at bank and in hand 26,106 17,152
69,092 77,236
CREDITORS
Amounts falling due within one year 8 45,351 46,289
NET CURRENT ASSETS 23,741 30,947
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,434

47,908

CREDITORS
Amounts falling due after more than one
year

9

(11,871

)

(18,932

)

PROVISIONS FOR LIABILITIES 12 (4,423 ) (4,240 )
NET ASSETS 25,140 24,736

DELAMERE BESPOKE INTERIORS LTD (REGISTERED NUMBER: 12427670)

BALANCE SHEET - continued
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 13 1 1
Retained earnings 25,139 24,735
SHAREHOLDERS' FUNDS 25,140 24,736

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 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2024 and were signed by:





J S Marshall - Director


DELAMERE BESPOKE INTERIORS LTD (REGISTERED NUMBER: 12427670)

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


1. STATUTORY INFORMATION

Delamere Bespoke Interiors 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 the cost less estimated residual value of 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 - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - straight line over 3 years

All assets are initially recorded at cost.

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

DELAMERE BESPOKE INTERIORS LTD (REGISTERED NUMBER: 12427670)

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


3. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

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, 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.

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 the estimated cash flows discounted at the asset's original effective rate.

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.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.


DELAMERE BESPOKE INTERIORS LTD (REGISTERED NUMBER: 12427670)

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


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

DELAMERE BESPOKE INTERIORS LTD (REGISTERED NUMBER: 12427670)

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


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 22,345 - - 22,345
Additions 2,535 5,583 801 8,919
Disposals (4,575 ) - - (4,575 )
At 31 January 2024 20,305 5,583 801 26,689
DEPRECIATION
At 1 February 2023 5,384 - - 5,384
Charge for year 4,061 1,117 264 5,442
Eliminated on disposal (1,830 ) - - (1,830 )
At 31 January 2024 7,615 1,117 264 8,996
NET BOOK VALUE
At 31 January 2024 12,690 4,466 537 17,693
At 31 January 2023 16,961 - - 16,961

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 February 2023
and 31 January 2024 12,900
DEPRECIATION
At 1 February 2023 2,580
Charge for year 2,580
At 31 January 2024 5,160
NET BOOK VALUE
At 31 January 2024 7,740
At 31 January 2023 10,320

DELAMERE BESPOKE INTERIORS LTD (REGISTERED NUMBER: 12427670)

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


6. STOCKS
2024 2023
£    £   
Stocks 5,000 4,100
Work-in-progress 19,173 8,682
24,173 12,782

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,813 47,302

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 3,997 3,899
Hire purchase contracts (see note 11) 3,064 3,064
Payments on account 9,627 16,689
Trade creditors 4,431 -
Corporation tax 14,091 11,108
PAYE and social security 1,449 724
VAT 5,143 8,740
Other creditors 1,228 127
Directors' current accounts 80 388
Accruals and deferred income 2,241 1,550
45,351 46,289

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 10) 8,302 12,299
Hire purchase contracts (see note 11) 3,569 6,633
11,871 18,932

DELAMERE BESPOKE INTERIORS LTD (REGISTERED NUMBER: 12427670)

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


10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 3,997 3,899

Amounts falling due between one and two years:
Bank loans - 1-2 years 4,099 8,096

Amounts falling due between two and five years:
Bank loans - 2-5 years 4,203 4,203

11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 3,064 3,064
Between one and five years 3,569 6,633
6,633 9,697

Non-cancellable operating leases
2024 2023
£    £   
Within one year 15,300 18,360
Between one and five years 30,600 55,080
45,900 73,440

DELAMERE BESPOKE INTERIORS LTD (REGISTERED NUMBER: 12427670)

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


12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 4,423 4,240

Deferred
tax
£   
Balance at 1 February 2023 4,240
Provided during year 183
Balance at 31 January 2024 4,423

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1