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REGISTERED NUMBER: 14088592 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

DS Bespoke Furniture Ltd

DS Bespoke Furniture Ltd (Registered number: 14088592)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DS Bespoke Furniture Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: D Smith





SECRETARY:





REGISTERED OFFICE: Unit 5 Securiparc
Wimsey Way
Alfreton
Derbyshire
DE55 4HG





REGISTERED NUMBER: 14088592 (England and Wales)





ACCOUNTANTS: M Ahmed & Co
Chartered Accountants
83 Park Road
Chilwell
Nottingham
NG9 4DE

DS Bespoke Furniture Ltd (Registered number: 14088592)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 21,455 23,435

CURRENT ASSETS
Stocks 5 10,000 8,000
Debtors 6 11,133 6,743
Cash at bank 1,477 3,252
22,610 17,995
CREDITORS
Amounts falling due within one year 7 43,916 31,677
NET CURRENT LIABILITIES (21,306 ) (13,682 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

149

9,753

CREDITORS
Amounts falling due after more than one
year

8

-

(3,101

)

PROVISIONS FOR LIABILITIES 11 (1,911 ) (1,911 )
NET (LIABILITIES)/ASSETS (1,762 ) 4,741

RESERVES
Retained earnings (1,762 ) 4,741
SHAREHOLDERS' FUNDS (1,762 ) 4,741

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DS Bespoke Furniture Ltd (Registered number: 14088592)

Balance Sheet - continued
31 May 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 January 2025 and were signed by:





D Smith - Director


DS Bespoke Furniture Ltd (Registered number: 14088592)

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


1. STATUTORY INFORMATION

DS Bespoke Furniture 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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 - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

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 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.

DS Bespoke Furniture Ltd (Registered number: 14088592)

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


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
COST
At 1 June 2023 8,835 20,000 459 29,294
Additions 3,383 - - 3,383
At 31 May 2024 12,218 20,000 459 32,677
DEPRECIATION
At 1 June 2023 1,767 4,000 92 5,859
Charge for year 2,090 3,200 73 5,363
At 31 May 2024 3,857 7,200 165 11,222
NET BOOK VALUE
At 31 May 2024 8,361 12,800 294 21,455
At 31 May 2023 7,068 16,000 367 23,435

5. STOCKS
31.5.24 31.5.23
£ £
Stocks 6,000 4,500
Work-in-progress 4,000 3,500
10,000 8,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
Trade debtors 6,245 680
Other debtors 4,680 -
VAT - 1,383
Prepayments 208 4,680
11,133 6,743

DS Bespoke Furniture Ltd (Registered number: 14088592)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
Hire purchase contracts (see note 9) 3,101 6,092
Trade creditors 5,941 2,823
Social security and other taxes 1,036 -
VAT 6,107 -
Other creditors 14,202 9,323
Directors' current accounts 13,529 12,506
Accrued expenses - 933
43,916 31,677

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£ £
Hire purchase contracts (see note 9) - 3,101

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.5.24 31.5.23
£ £
Net obligations repayable:
Within one year 3,101 6,092
Between one and five years - 3,101
3,101 9,193

Non-cancellable
operating leases
31.5.24 31.5.23
£ £
Within one year - 15,600
Between one and five years - 50,700
- 66,300

10. SECURED DEBTS

The hire purchase creditor is secured on the motor vehicle.

11. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£ £
Deferred tax 1,911 1,911

DS Bespoke Furniture Ltd (Registered number: 14088592)

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


11. PROVISIONS FOR LIABILITIES - continued

Deferred tax
£
Balance at 1 June 2023 1,911
Balance at 31 May 2024 1,911

12. ULTIMATE CONTROLLING PARTY

The controlling party is D Smith.

The ultimate controlling party is D Smith.