MY BESPOKE ROOM BUSINESS LIMITED

Company Registration Number:
14127821 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

MY BESPOKE ROOM BUSINESS LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

MY BESPOKE ROOM BUSINESS LIMITED

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 993,059 105,714
Tangible assets: 4 9,518 12,915
Total fixed assets: 1,002,577 118,629
Current assets
Debtors:   744,906 2,220,684
Cash at bank and in hand: 105,066 92,741
Total current assets: 849,972 2,313,425
Creditors: amounts falling due within one year:   (240,956) (167,522)
Net current assets (liabilities): 609,016 2,145,903
Total assets less current liabilities: 1,611,593 2,264,532
Creditors: amounts falling due after more than one year: 5 (1,501,224) (1,137,833)
Total net assets (liabilities): 110,369 1,126,699
Capital and reserves
Called up share capital: 167 167
Share premium account: 1,999,954 1,999,954
Profit and loss account: (1,889,752) (873,422)
Shareholders funds: 110,369 1,126,699

The notes form part of these financial statements

MY BESPOKE ROOM BUSINESS LIMITED

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 February 2025
and signed on behalf of the board by:

Name: L Simpson
Status: Director

The notes form part of these financial statements

MY BESPOKE ROOM BUSINESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Turnover received from the sale of goods is recognised when the goods are physically delivered to the customer. Goods are delivered directly to the customer by the supplier and the sale is accounted for on this basis

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows: Office equipment including computer equipment - 3 years Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Intangible fixed assets and amortisation policy

Separately acquired Intellectual Property are included at cost and amortised in equal annual instalments over a period of 7 years which is their estimated useful economic life. Provision is made for any impairment.

Other accounting policies

Current tax Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Deferred tax Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted. Leases Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term. Defined contribution schemes The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

MY BESPOKE ROOM BUSINESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 12 12

MY BESPOKE ROOM BUSINESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Intangible Assets

Total
Cost £
At 01 June 2023 115,000
Additions 1,398,674
At 31 May 2024 1,513,674
Amortisation
At 01 June 2023 9,286
Charge for year 511,329
At 31 May 2024 520,615
Net book value
At 31 May 2024 993,059
At 31 May 2023 105,714

MY BESPOKE ROOM BUSINESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Tangible Assets

Total
Cost £
At 01 June 2023 14,286
Additions 1,519
At 31 May 2024 15,805
Depreciation
At 01 June 2023 1,371
Charge for year 4,916
At 31 May 2024 6,287
Net book value
At 31 May 2024 9,518
At 31 May 2023 12,915

MY BESPOKE ROOM BUSINESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due after more than one year note

The amount included within creditors due after more than one year is a loan which is not due for repayment within one year and long term marketing costs not due for payment within one year.

MY BESPOKE ROOM BUSINESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Related party transactions

The Company has taken advantage of the exemption under FRS 102 Section 33 not to provide information on related party transactions.