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REGISTERED NUMBER: 03072931 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

BESPOKE TIMBER PRODUCTS LIMITED

BESPOKE TIMBER PRODUCTS LIMITED (REGISTERED NUMBER: 03072931)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

BESPOKE TIMBER PRODUCTS LIMITED

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTORS: V J Hone
B C Taylor
J M Hone





REGISTERED OFFICE: Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH





REGISTERED NUMBER: 03072931 (England and Wales)





ACCOUNTANTS: BSR Bespoke Chartered Accountants
Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH

BESPOKE TIMBER PRODUCTS LIMITED (REGISTERED NUMBER: 03072931)

BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 215,752 222,877

CURRENT ASSETS
Stocks 45,433 27,299
Debtors 5 153,320 33,244
Cash at bank and in hand 759,622 120,385
958,375 180,928
CREDITORS
Amounts falling due within one year 6 768,204 248,086
NET CURRENT ASSETS/(LIABILITIES) 190,171 (67,158 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

405,923

155,719

PROVISIONS FOR LIABILITIES 52,058 55,719
NET ASSETS 353,865 100,000

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 253,865 -
SHAREHOLDERS' FUNDS 353,865 100,000

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.

BESPOKE TIMBER PRODUCTS LIMITED (REGISTERED NUMBER: 03072931)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





V J Hone - Director


BESPOKE TIMBER PRODUCTS LIMITED (REGISTERED NUMBER: 03072931)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024


1. STATUTORY INFORMATION

Bespoke Timber Products 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 (£).


The principal place of business is

Orchard Barn
London Road
Badgers Mount
Sevenoaks
Kent TN14 7AD

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Revenue is recognised when it is probable that future economic benefits will flow to the company from the provision of contracts for the sale of goods and is measured as the fair value of consideration which the company expects to receive from those transactions. Revenue is recognised as control of the goods is passed over to the customer. Where the normal criteria for the recognition of revenue are not met or are varied, then revenue is recognised at the point when control has passed to the customer which could be when legal title has passed to the customer or when the business has a right to payment such as on delivery or when cash payment has been made to the company. Revenue is recognised net of returns and of trade discounts and is shown exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Net realisable value is based on estimated selling price less any further costs expected to be incurred to completion and disposal .

BESPOKE TIMBER PRODUCTS LIMITED (REGISTERED NUMBER: 03072931)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company enters into basic financial instruments that give rise to financial assets and financial liabilities including trade and other debtors, trade and other creditors, bank account balances, bank loans and other loans and borrowings and investments in certain non puttable and non convertible equity instruments.

Debt instruments which are not payable or receivable within one year are initially accounted for at the transaction price and are subsequently accounted for at amortised cost using the effective interest method. Debt instruments payable and receivable within one year are measured at their undiscounted cash amounts. Where the debt instruments are treated as a financing transaction, then the financial asset or liability is measured at the present value of future cash flows based on a market rate of interest. Debt instruments which are treated as financial assets and accounted for at amortised cost are also assessed for impairment.

Equity instruments are initially accounted for at transaction price. They are subsequently accounted for at cost unless they can be accounted for at fair value based on a readily available market price or fair value. Equity instruments which are treated as financial assets and accounted for at cost are also assessed for impairment.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 114,681 124,564 56,370 10,119 305,734
Additions 4,879 1,150 21,381 822 28,232
Disposals - - (15,000 ) - (15,000 )
At 30 June 2024 119,560 125,714 62,751 10,941 318,966
DEPRECIATION
At 1 July 2023 11,470 20,143 43,095 8,149 82,857
Charge for year 11,958 12,175 8,330 1,559 34,022
Eliminated on disposal - - (13,665 ) - (13,665 )
At 30 June 2024 23,428 32,318 37,760 9,708 103,214
NET BOOK VALUE
At 30 June 2024 96,132 93,396 24,991 1,233 215,752
At 30 June 2023 103,211 104,421 13,275 1,970 222,877

BESPOKE TIMBER PRODUCTS LIMITED (REGISTERED NUMBER: 03072931)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 71,253 7,538
VAT - 17,265
Accrued income 71,873 -
Prepayments 10,194 8,441
153,320 33,244

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 84,047 95,693
Amounts owed to group undertakings 152,905 92,667
Tax 163,598 -
Social security and other taxes 6,078 2,017
VAT 127,447 -
Other creditors 801 2,174
Accruals and deferred income 233,328 55,535
768,204 248,086

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
V J Hone
Balance outstanding at start of year - -
Amounts advanced 8,366 13,514
Amounts repaid (8,366 ) (13,514 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Interest is charged by the company at the statutory rate on overdrawn accounts in excess of £10,000 per director.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BESPOKE TIMBER PRODUCTS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bespoke Timber Products Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bespoke Timber Products Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bespoke Timber Products Limited and state those matters that we have agreed to state to the Board of Directors of Bespoke Timber Products Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bespoke Timber Products Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bespoke Timber Products Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bespoke Timber Products Limited. You consider that Bespoke Timber Products Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bespoke Timber Products Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BSR Bespoke Chartered Accountants
Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH


25 March 2025