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REGISTERED NUMBER: 13393049 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

HUGHES BESPOKE LTD

HUGHES BESPOKE LTD (REGISTERED NUMBER: 13393049)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HUGHES BESPOKE LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J C Ball
K S Hughes





SECRETARY:





REGISTERED OFFICE: Unit 15, No. 2
Bulrushes Business Park
Coombe Hill Road
East Grinstead
West Sussex
RH19 4LZ





REGISTERED NUMBER: 13393049 (England and Wales)





ACCOUNTANTS: Hockley Wright & Co. Ltd.
Unit 15, No. 2
Bulrushes Business Park
Coombe Hill Road
East Grinstead
West Sussex
RH19 4LZ

HUGHES BESPOKE LTD (REGISTERED NUMBER: 13393049)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 45,815 42,264

CURRENT ASSETS
Debtors 6 85,077 107,801
Cash at bank 15,786 2,135
100,863 109,936
CREDITORS
Amounts falling due within one year 7 58,982 74,615
NET CURRENT ASSETS 41,881 35,321
TOTAL ASSETS LESS CURRENT LIABILITIES 87,696 77,585

CREDITORS
Amounts falling due after more than one
year

8

6,293

10,069
NET ASSETS 81,403 67,516

CAPITAL AND RESERVES
Called up share capital 9 175 175
Retained earnings 81,228 67,341
SHAREHOLDERS' FUNDS 81,403 67,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by:



J C Ball - Director



K S Hughes - Director


HUGHES BESPOKE LTD (REGISTERED NUMBER: 13393049)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Hughes Bespoke Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. There have been no material departures from FRS102.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised, if material, in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

HUGHES BESPOKE LTD (REGISTERED NUMBER: 13393049)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 41,770 11,884 3,011 56,665
Additions 13,790 - 399 14,189
At 31 March 2024 55,560 11,884 3,410 70,854
DEPRECIATION
At 1 April 2023 10,365 2,971 1,065 14,401
Charge for year 6,996 2,971 671 10,638
At 31 March 2024 17,361 5,942 1,736 25,039
NET BOOK VALUE
At 31 March 2024 38,199 5,942 1,674 45,815
At 31 March 2023 31,405 8,913 1,946 42,264

Included within the net book value of Plant and machinery above is £13,469 (2022/23 £15,846) relating to assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 85,077 106,801
Other debtors - 1,000
85,077 107,801

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 3,776 3,776
Trade creditors - 6,051
Taxation and social security 32,768 45,578
Other creditors 22,438 19,210
58,982 74,615

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 6,293 10,069

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
60 Ordinary £1 60 60
40 Ordinary 'A' £1 40 40
75 Ordinary 'B' £1 75 75
175 175

HUGHES BESPOKE LTD (REGISTERED NUMBER: 13393049)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. ULTIMATE CONTROLLING PARTY

In the opinion of the directors, Hughes Bespoke Ltd is the Ultimate Controlling Party. The Company is controlled by its director K S Hughes, by virtue of the fact that they own 77% of all of the Company's ordinary issued share capital.