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
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
Waterside Bespoke Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
144,639
67,956
Cash at bank and in hand
19,933
46,228
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)
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
Waterside Bespoke Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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 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.
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
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
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
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
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
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)
Deferred income
29,903
117,621
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
Obligations under finance leases and hire purchase contracts
75,709
29,792
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
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest Free Loan Payable on Demand
7,016
44,596
47,618
3,994
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).