CMD Bespoke Limited 08872878 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is manufacture of other builders' carpentry and joinery. Digita Accounts Production Advanced 6.30.9574.0 true true 08872878 2023-03-01 2024-02-29 08872878 2024-02-29 08872878 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-02-29 08872878 core:RetainedEarningsAccumulatedLosses 2024-02-29 08872878 core:ShareCapital 2024-02-29 08872878 core:CurrentFinancialInstruments 2024-02-29 08872878 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 08872878 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 08872878 core:MotorVehicles 2024-02-29 08872878 core:OtherPropertyPlantEquipment 2024-02-29 08872878 bus:SmallEntities 2023-03-01 2024-02-29 08872878 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 08872878 bus:FilletedAccounts 2023-03-01 2024-02-29 08872878 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08872878 bus:RegisteredOffice 2023-03-01 2024-02-29 08872878 bus:Director1 2023-03-01 2024-02-29 08872878 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-03-01 2024-02-29 08872878 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08872878 core:MotorVehicles 2023-03-01 2024-02-29 08872878 core:OtherPropertyPlantEquipment 2023-03-01 2024-02-29 08872878 core:PlantMachinery 2023-03-01 2024-02-29 08872878 countries:England 2023-03-01 2024-02-29 08872878 2023-02-28 08872878 core:MotorVehicles 2023-02-28 08872878 core:OtherPropertyPlantEquipment 2023-02-28 08872878 2022-03-01 2023-02-28 08872878 2023-02-28 08872878 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-02-28 08872878 core:RetainedEarningsAccumulatedLosses 2023-02-28 08872878 core:ShareCapital 2023-02-28 08872878 core:CurrentFinancialInstruments 2023-02-28 08872878 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 08872878 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 08872878 core:MotorVehicles 2023-02-28 08872878 core:OtherPropertyPlantEquipment 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08872878

CMD Bespoke Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

CMD Bespoke Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

CMD Bespoke Limited

Company Information

Director

Mr C Mc Dermott

Registered office

6 Commerical Road
London
N18 1TP

Accountants

Clever Accounts Limited
Brookfield Court
Selby Road
Leeds
LS25 1NB

 

CMD Bespoke Limited

(Registration number: 08872878)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

498,949

99,399

Current assets

 

Stocks

5

20,000

15,000

Debtors

290,457

160,000

Cash at bank and in hand

 

715,336

576,747

 

1,025,793

751,747

Creditors: Amounts falling due within one year

(176,757)

(126,501)

Net current assets

 

849,036

625,246

Total assets less current liabilities

 

1,347,985

724,645

Creditors: Amounts falling due after more than one year

(312,224)

(175,673)

Net assets

 

1,035,761

548,972

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

1,035,760

548,971

Shareholders' funds

 

1,035,761

548,972

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

CMD Bespoke Limited

(Registration number: 08872878)
Balance Sheet as at 29 February 2024

Approved and authorised by the director on 23 July 2024
 

.........................................

Mr C Mc Dermott
Director

 

CMD Bespoke Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
6 Commerical Road
London
N18 1TP

These financial statements were authorised for issue by the director on 23 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

CMD Bespoke Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% Straight line

Motor vehicles

25% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

CMD Bespoke Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2023 - 1).

 

CMD Bespoke Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 March 2023

126,048

388,005

514,053

Additions

-

518,998

518,998

At 29 February 2024

126,048

907,003

1,033,051

Depreciation

At 1 March 2023

38,885

375,769

414,654

Charge for the year

31,512

87,936

119,448

At 29 February 2024

70,397

463,705

534,102

Carrying amount

At 29 February 2024

55,651

443,298

498,949

At 28 February 2023

87,163

12,236

99,399

5

Stocks

2024
£

2023
£

Other inventories

20,000

15,000

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1