Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 10004901 Mr Ian Clarke iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10004901 2023-02-28 10004901 2024-02-28 10004901 2023-03-01 2024-02-28 10004901 frs-core:CurrentFinancialInstruments 2024-02-28 10004901 frs-core:Non-currentFinancialInstruments 2024-02-28 10004901 frs-core:MotorVehicles 2024-02-28 10004901 frs-core:MotorVehicles 2023-03-01 2024-02-28 10004901 frs-core:MotorVehicles 2023-02-28 10004901 frs-core:PlantMachinery 2024-02-28 10004901 frs-core:PlantMachinery 2023-03-01 2024-02-28 10004901 frs-core:PlantMachinery 2023-02-28 10004901 frs-core:ShareCapital 2024-02-28 10004901 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 10004901 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 10004901 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 10004901 frs-bus:SmallEntities 2023-03-01 2024-02-28 10004901 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 10004901 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 10004901 frs-bus:Director1 2023-03-01 2024-02-28 10004901 frs-core:CurrentFinancialInstruments 1 2024-02-28 10004901 frs-countries:EnglandWales 2023-03-01 2024-02-28 10004901 2022-02-28 10004901 2023-02-28 10004901 2022-03-01 2023-02-28 10004901 frs-core:CurrentFinancialInstruments 2023-02-28 10004901 frs-core:Non-currentFinancialInstruments 2023-02-28 10004901 frs-core:ShareCapital 2023-02-28 10004901 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 10004901 frs-core:CurrentFinancialInstruments 1 2023-02-28
Registered number: 10004901
London Bespoke Glass Solutions Limited
Financial Statements
For The Year Ended 28 February 2024
Ads Accountants
Certified Practising Accountants
117 Dartford Road
Dartford
Kent
DA1 3EN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10004901
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,733 2,329
1,733 2,329
CURRENT ASSETS
Stocks 5 29,520 20,862
Debtors 6 98,189 90,050
Cash at bank and in hand 468 3,748
128,177 114,660
Creditors: Amounts Falling Due Within One Year 7 (91,148 ) (77,598 )
NET CURRENT ASSETS (LIABILITIES) 37,029 37,062
TOTAL ASSETS LESS CURRENT LIABILITIES 38,762 39,391
Creditors: Amounts Falling Due After More Than One Year 8 (28,398 ) (38,784 )
NET ASSETS 10,364 607
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 10,264 507
SHAREHOLDERS' FUNDS 10,364 607
Page 1
Page 2
For the year ending 28 February 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 Profit and Loss Account.
On behalf of the board
Mr Ian Clarke
Director
28/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
London Bespoke Glass Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10004901 . The registered office is 1 & 2 The Barn West Stoke Road, Lavant, Chichester, West Sussex, PO18 9AA.
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.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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 25
Motor Vehicles 25
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 March 2023 2,856 3,841 6,697
As at 28 February 2024 2,856 3,841 6,697
Depreciation
As at 1 March 2023 2,094 2,274 4,368
Provided during the period 191 405 596
As at 28 February 2024 2,285 2,679 4,964
Net Book Value
As at 28 February 2024 571 1,162 1,733
As at 1 March 2023 762 1,567 2,329
5. Stocks
2024 2023
£ £
Stock 29,520 20,862
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,571 27,662
Other debtors 10,779 61,010
Other debtors (1) 16,911 -
VAT 61,928 -
Other taxes and social security - 1,378
98,189 90,050
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 72,114 9,786
Corporation tax 19,034 38,925
VAT - 28,887
91,148 77,598
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 28,398 38,784
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5