Bespoke Affordable Kitchens Limited |
Registered Number:07584198 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
Bespoke Affordable Kitchens Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
637,855
599,763
2
175,100
175,100
3
812,955
774,863
102,102
69,323
4
Trade and other receivables |
277,652
252,567
5
370,038
Cash and cash equivalents |
218,210
540,100
749,792
Trade and other payables: amounts falling due within one year |
(500,080)
(311,121)
6
249,712
228,979
Net current assets
Total assets less current liabilities |
1,041,934
1,024,575
Trade and other payables: amounts falling due after more than |
one year |
(124,715)
(112,683)
7
(13,214)
(2,805)
Provisions for liabilities |
916,037
Net assets
897,055
100
100
915,937
896,955
916,037
897,055
Shareholders' funds
For the year ended 31 March 2024 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 March 2024
Bespoke Affordable Kitchens Limited
Statement of Financial Position Continued
Mr William Frederick Callow Director |
These financial statements were approved and authorised for issue by the Board on 07 November 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2024
Bespoke Affordable Kitchens Limited
Notes to the Financial Statements
Statutory Information
Bespoke Affordable Kitchens Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number |
07584198. |
Principal place of business: |
Tileworks, Borough Road
Queenborough
Sheerness
Kent
ME11 5DN.
3 Conqueror Court
Sittingbourne
Kent
ME10 5BH
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have |
been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
Fixtures and fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis. |
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 March 2024
Bespoke Affordable Kitchens Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
650,312
11,955
4,166
47,455
1,736
585,000
55,000
-
-
48,000
7,000
-
-
-
(14,100)
-
-
(14,100)
585,000
81,355
4,166
11,955
691,212
8,736
Provision for depreciation and impairment |
50,549
7,858
3,468
37,682
1,541
-
Charge for year
13,212
818
140
10,815
1,439
-
(10,404)
-
-
(10,404)
-
-
53,357
8,676
3,608
38,093
2,980
-
585,000
5,756
43,262
558
3,279
637,855
585,000
195
9,773
698
4,097
599,763
3. Investments held as fixed assets |
Shares in group and participating interests |
175,100
175,100
175,100
175,100
175,100
175,100
175,100
175,100
2023
2024
69,323
102,102
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For the year ended 31 March 2024
Bespoke Affordable Kitchens Limited
Notes to the Financial Statements Continued
5. Trade and other receivables |
2023
2024
55,002
81,510
Amounts owed by group undertakings and participating interests |
180,000
150,000
17,565
46,142
277,652
252,567
6. Trade and other payables: amounts falling due within one year |
2023
2024
Bank loans and overdraft (secured) |
22,302
18,908
98,447
106,862
Amounts owed to group undertaking and undertaking in which the company has a |
participating interest |
623
35,000
Taxation and social security |
-
14,838
189,749
324,472
311,121
500,080
7. Trade and other payables: amounts falling due after more than one year |
2023
2024
Bank loans and overdraft (secured) |
112,683
124,715
8. Average number of persons employed |
During the year the average number of employees was 3 (2023 : 3)
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