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Gotham Bespoke Ltd
Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Accountants' Report 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—5
Page 1
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Gotham Bespoke Ltd For The Year Ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gotham Bespoke Ltd For The Year Ended 31 May 2024 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Gotham Bespoke Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Gotham Bespoke Ltd and state those matters that we have agreed to state to the director of Gotham Bespoke Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gotham Bespoke Ltd and its director, as a body, for our work or for this report.
It is your duty to ensure that Gotham Bespoke Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Gotham Bespoke Ltd . You consider that Gotham Bespoke Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Gotham Bespoke Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
13 November 2024
Cooper Adams Ltd
Chartered Accountants
12 Payton Street
Stratford upon Avon
Warwickshire
CV37 6UA
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Page 2
Statement of Financial Position
Registered number: 11349846
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 244 121
244 121
CURRENT ASSETS
Stocks 9,278 21,659
Debtors 72 12,227
Cash at bank and in hand 11,245 13,035
20,595 46,921
Creditors: Amounts Falling Due Within One Year (58,551 ) (43,875 )
NET CURRENT ASSETS (LIABILITIES) (37,956 ) 3,046
TOTAL ASSETS LESS CURRENT LIABILITIES (37,712 ) 3,167
Creditors: Amounts Falling Due After More Than One Year (31,303 ) (41,295 )
NET LIABILITIES (69,015 ) (38,128 )
CAPITAL AND RESERVES
Called up share capital 5 1 1
Income Statement (69,016 ) (38,129 )
SHAREHOLDERS' FUNDS (69,015) (38,128)
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For the year ending 31 May 2024 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
Mr Joshua Singh
Director
13 November 2024
The notes on pages 4 to 5 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Gotham Bespoke Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11349846 . The registered office is Building 53a, Bay 2 Third Avenue, Pensnett Trading Estate, Kingswinford, DY6 7XG.
2. Accounting Policies
2.1. 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.
The company is showing net liabilities as at 31 May 2024. The director has confirmed that he will continue to support the company financially, to allow it to continue its operations. On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.
2.3. 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 20% straight line
2.4. 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.
2.5. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible assets
Plant & machinery
£
Cost
As at 1 June 2023 476
Additions 191
As at 31 May 2024 667
Depreciation
As at 1 June 2023 355
Provided during the period 68
As at 31 May 2024 423
Net Book Value
As at 31 May 2024 244
As at 1 June 2023 121
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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