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Company Registration No. 04999011 (England and Wales)
Waterside Bespoke Ltd Unaudited accounts for the year ended 31 December 2023
Waterside Bespoke Ltd Unaudited accounts Contents
Page
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Waterside Bespoke Ltd Company Information for the year ended 31 December 2023
Directors
Mr David Bowdler Mrs Vicky Bowdler
Company Number
04999011 (England and Wales)
Registered Office
Unit 5 Mill Lane Leigh WN7 2BG
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Waterside Bespoke Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
144,639 
67,956 
Current assets
Inventories
28,500 
20,000 
Debtors
176,808 
164,758 
Cash at bank and in hand
19,933 
46,228 
225,241 
230,986 
Creditors: amounts falling due within one year
(223,767)
(224,943)
Net current assets
1,474 
6,043 
Total assets less current liabilities
146,113 
73,999 
Creditors: amounts falling due after more than one year
(116,437)
(58,571)
Provisions for liabilities
Deferred tax
(27,505)
(12,912)
Net assets
2,171 
2,516 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,071 
2,416 
Shareholders' funds
2,171 
2,516 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by
Mr David Bowdler Director Company Registration No. 04999011
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Waterside Bespoke Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Waterside Bespoke Ltd is a private company, limited by shares, registered in England and Wales, registration number 04999011. The registered office is Unit 5, Mill Lane, Leigh, WN7 2BG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
33% Reducing Balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Waterside Bespoke Ltd Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
75,889 
43,825 
4,635 
4,138 
128,487 
Additions
48,766 
76,662 
300 
234 
125,962 
Disposals
(14,750)
(14,750)
- 
- 
(29,500)
At 31 December 2023
109,905 
105,737 
4,935 
4,372 
224,949 
Depreciation
At 1 January 2023
45,467 
13,115 
1,078 
871 
60,531 
Charge for the year
12,755 
20,241 
560 
516 
34,072 
On disposals
(6,482)
(7,811)
- 
- 
(14,293)
At 31 December 2023
51,740 
25,545 
1,638 
1,387 
80,310 
Net book value
At 31 December 2023
58,165 
80,192 
3,297 
2,985 
144,639 
At 31 December 2022
30,422 
30,710 
3,557 
3,267 
67,956 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
137,856 
144,143 
Accrued income and prepayments
12,025 
18,383 
Other debtors
18,763 
2,232 
168,644 
164,758 
Amounts falling due after more than one year
Accrued income and prepayments
8,164 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
14,700 
4,700 
VAT
38,468 
42,069 
Obligations under finance leases and hire purchase contracts
23,789 
5,648 
Trade creditors
84,708 
17,987 
Taxes and social security
38,457 
44,350 
Other creditors
4,180 
5,615 
Loans from directors
(11,368)
(13,297)
Accruals
930 
250 
Deferred income
29,903 
117,621 
223,767 
224,943 
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Waterside Bespoke Ltd Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
40,728 
28,779 
Obligations under finance leases and hire purchase contracts
75,709 
29,792 
116,437 
58,571 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 December 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
1,289 
5,648 
Later than one year and not later than five years
- 
29,792 
1,289 
35,440 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr David Bowdler
Interest Free Loan Payable on Demand
7,016 
44,596 
47,618 
3,994 
Mrs Vicky Bowdler
Interest Free Loan Payable on Demand
6,281 
48,611 
47,518 
7,374 
13,297 
93,207 
95,136 
11,368 
11
Average number of employees
During the year the average number of employees was 12 (2022: 10).
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