Registered number
11942235
Bazaar Bespoke Ltd
Filleted Accounts
30 April 2024
Bazaar Bespoke Ltd
Registered number: 11942235
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 13,662 11,688
Current assets
Debtors 4 8,465 381
Cash at bank and in hand 33,911 29,292
42,376 29,673
Creditors: amounts falling due within one year 5 (32,119) (26,551)
Net current assets 10,257 3,122
Net assets 23,919 14,810
Capital and reserves
Called up share capital 1 1
Profit and loss account 23,918 14,809
Shareholder's funds 23,919 14,810
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Otgonzorigt Byambajav
Director
Approved by the board on 3 May 2024
Bazaar Bespoke Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 May 2023 29,220
Additions 13,662
Disposals (29,220)
At 30 April 2024 13,662
Depreciation
At 1 May 2023 17,532
On disposals (17,532)
At 30 April 2024 -
Net book value
At 30 April 2024 13,662
At 30 April 2023 11,688
4 Debtors 2024 2023
£ £
Trade debtors 8,465 -
Other debtors - 381
8,465 381
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 1,750 -
Trade creditors 198 11,106
Taxation and social security costs 26,173 14,684
Other creditors 3,998 761
32,119 26,551
6 Controlling party
The ultimate controlling party is Mr Otgonzorigt Byambajav by virtue of his holding 100% shares in the company.
7 Other information
Bazaar Bespoke Ltd is a private company limited by shares and incorporated in England. Its registered office is:
25 Clinton Avenue Welling
DA16 2DY
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