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REGISTERED NUMBER: 10241578 (England and Wales)





















CREATE BESPOKE INTERIORS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






CREATE BESPOKE INTERIORS LIMITED (REGISTERED NUMBER: 10241578)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


CREATE BESPOKE INTERIORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: M Gray
L Spridgens





REGISTERED OFFICE: 22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ





REGISTERED NUMBER: 10241578 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

CREATE BESPOKE INTERIORS LIMITED (REGISTERED NUMBER: 10241578)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,612 39,774

CURRENT ASSETS
Debtors 5 1,310 2,727
Cash at bank 164,798 176,278
166,108 179,005
CREDITORS
Amounts falling due within one year 6 62,907 60,346
NET CURRENT ASSETS 103,201 118,659
TOTAL ASSETS LESS CURRENT LIABILITIES 150,813 158,433

CREDITORS
Amounts falling due after more than one
year

7

19,173

29,172
NET ASSETS 131,640 129,261

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 131,638 129,259
SHAREHOLDERS' FUNDS 131,640 129,261

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

CREATE BESPOKE INTERIORS LIMITED (REGISTERED NUMBER: 10241578)

BALANCE SHEET - continued
30 JUNE 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:




M Gray - Director



L Spridgens - Director


CREATE BESPOKE INTERIORS LIMITED (REGISTERED NUMBER: 10241578)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Create Bespoke Interiors Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 25% on reducing balance
Moveable Steel Workshop - 25% on reducing balance
Motor vehicles - 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 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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

CREATE BESPOKE INTERIORS LIMITED (REGISTERED NUMBER: 10241578)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Moveable
Plant and Steel Motor Computer
machinery Workshop vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 46,053 43,585 22,750 1,773 114,161
Additions 18,555 - - - 18,555
At 30 June 2024 64,608 43,585 22,750 1,773 132,716
DEPRECIATION
At 1 July 2023 35,757 26,037 11,980 613 74,387
Charge for year 3,347 4,388 2,693 289 10,717
At 30 June 2024 39,104 30,425 14,673 902 85,104
NET BOOK VALUE
At 30 June 2024 25,504 13,160 8,077 871 47,612
At 30 June 2023 10,296 17,548 10,770 1,160 39,774

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,310 2,727

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 9,859 8,011
Corporation tax 23,856 23,791
Social security and other taxes 321 -
VAT 5,718 7,169
Other creditors 1,348 1,954
Wages control 4,176 3,013
Directors' current accounts 4,821 3,808
Accrued expenses 2,808 2,600
62,907 60,346

CREATE BESPOKE INTERIORS LIMITED (REGISTERED NUMBER: 10241578)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 9,999
Bank loans - 2-5 years 1,667 11,667
Loan: Mrs J Gray 7,506 7,506
19,173 29,172

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

9. ULTIMATE CONTROLLING PARTY

There is no overall controlling party as the directors hold the shares equally.