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Registration number: 14291551

Christopher Leslie Bespoke Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Christopher Leslie Bespoke Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Christopher Leslie Bespoke Limited

(Registration number: 14291551)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

8,400

9,600

Tangible assets

5

23,956

8,238

 

32,356

17,838

Current assets

 

Stocks

6

350

-

Debtors

7

20,722

10,294

Cash at bank and in hand

 

396

551

 

21,468

10,845

Creditors: Amounts falling due within one year

8

(26,540)

(24,760)

Net current liabilities

 

(5,072)

(13,915)

Total assets less current liabilities

 

27,284

3,923

Creditors: Amounts falling due after more than one year

8

(26,057)

(3,692)

Net assets

 

1,227

231

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,127

131

Shareholders' funds

 

1,227

231

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Christopher Leslie Bespoke Limited

(Registration number: 14291551)
Balance Sheet as at 31 August 2024

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 25 March 2025
 

.........................................
Mr C L Ansell
Director

 

Christopher Leslie Bespoke Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 11 Eagle Works
Leek New Road
Stoke-On-Trent
Staffordshire
ST6 2LD
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Christopher Leslie Bespoke Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives less residual value, as follows:

Asset class

Depreciation method and rate

Computer equipment

33% reducing balance

Motor vehicles

20% reducing balance

Plant and machinery

10% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line

 

Christopher Leslie Bespoke Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Christopher Leslie Bespoke Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 September 2023

12,000

12,000

At 31 August 2024

12,000

12,000

Amortisation

At 1 September 2023

2,400

2,400

Amortisation charge

1,200

1,200

At 31 August 2024

3,600

3,600

Carrying amount

At 31 August 2024

8,400

8,400

At 31 August 2023

9,600

9,600

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 September 2023

732

9,689

-

10,421

Additions

3,181

-

16,944

20,125

At 31 August 2024

3,913

9,689

16,944

30,546

Depreciation

At 1 September 2023

245

1,938

-

2,183

Charge for the year

1,163

1,550

1,694

4,407

At 31 August 2024

1,408

3,488

1,694

6,590

Carrying amount

At 31 August 2024

2,505

6,201

15,250

23,956

At 31 August 2023

487

7,751

-

8,238

 

Christopher Leslie Bespoke Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

6

Stocks

2024
£

2023
£

Other inventories

350

-

7

Debtors

Current

2024
£

2023
£

Trade debtors

7,972

9,624

Other debtors

12,750

670

 

20,722

10,294

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

2,970

2,965

Trade creditors

 

2,881

412

Taxation and social security

 

5,298

1,051

Accruals and deferred income

 

1,450

2,240

Other creditors

 

13,941

18,092

 

26,540

24,760

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £9,027 (2023 - £6,658).

9

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

9,795

9,795

Later than one year and not later than five years

-

9,795

9,795

19,590

The amount of non-cancellable operating lease payments recognised as an expense during the year was £9,795 (2023 - £8,330).