Registered number
03433035
Bespa Ltd
Unaudited Filleted Accounts
31 October 2024
Bespa Ltd
Registered number: 03433035
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 27,805 24,382
Current assets
Debtors 5 484,622 290,775
Cash at bank and in hand 460,250 480,091
944,872 770,866
Creditors: amounts falling due within one year 6 (701,231) (625,309)
Net current assets 243,641 145,557
Total assets less current liabilities 271,446 169,939
Creditors: amounts falling due after more than one year 7 (20,078) (24,604)
Provisions for liabilities (5,719) (3,419)
Net assets 245,649 141,916
Capital and reserves
Called up share capital 100 100
Profit and loss account 245,549 141,816
Shareholders' funds 245,649 141,916
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs H Bedford
Director
Approved by the board on 1 July 2025
Bespa Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold improvements over 5 years
Fixtures, fittings, tools and equipment over 3 years
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2023 2,225
At 31 October 2024 2,225
Amortisation
At 1 November 2023 2,225
At 31 October 2024 2,225
Net book value
At 31 October 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 November 2023 26,400 8,695 35,095
Additions - 15,846 15,846
At 31 October 2024 26,400 24,541 50,941
Depreciation
At 1 November 2023 6,394 4,319 10,713
Charge for the year 5,456 6,967 12,423
At 31 October 2024 11,850 11,286 23,136
Net book value
At 31 October 2024 14,550 13,255 27,805
At 31 October 2023 20,006 4,376 24,382
5 Debtors 2024 2023
£ £
Trade debtors 91,304 5,645
Other debtors 393,318 285,130
484,622 290,775
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,573 4,462
Trade creditors 137,803 50,119
Taxation and social security costs 146,891 131,264
Other creditors 411,964 439,464
701,231 625,309
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 20,078 24,604
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 33,750 60,333
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Director
Interest free and repayable on demand (1,972) 14,648 (5,258) 7,418
(1,972) 14,648 (5,258) 7,418
10 Other information
Bespa Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 17
De Havilland Road
Skypark
Exeter
EX5 2GE
The company has entered into a debenture agreement which contains fixed and floating charges over the property and/or undertakings of the company in which the security is held. The debenture is repayable on demand if covenants are breached.
Bespa Ltd 03433035 false 2023-11-01 2024-10-31 2024-10-31 VT Final Accounts July 2024 Mrs H Bedford No description of principal activity 03433035 2022-11-01 2023-10-31 03433035 core:WithinOneYear 2023-10-31 03433035 core:AfterOneYear 2023-10-31 03433035 core:ShareCapital 2023-10-31 03433035 core:RetainedEarningsAccumulatedLosses 2023-10-31 03433035 core:AllPeriods 2023-10-31 03433035 2023-11-01 2024-10-31 03433035 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 03433035 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 03433035 bus:Director40 2023-11-01 2024-10-31 03433035 2 2023-11-01 2024-10-31 03433035 core:LandBuildings 2023-11-01 2024-10-31 03433035 core:PlantMachinery 2023-11-01 2024-10-31 03433035 bus:Director1 2023-11-01 2024-10-31 03433035 bus:Director1 1 2023-11-01 2024-10-31 03433035 countries:England 2023-11-01 2024-10-31 03433035 bus:FRS102 2023-11-01 2024-10-31 03433035 bus:FilletedAccounts 2023-11-01 2024-10-31 03433035 2024-10-31 03433035 core:WithinOneYear 2024-10-31 03433035 core:AfterOneYear 2024-10-31 03433035 core:ShareCapital 2024-10-31 03433035 core:RetainedEarningsAccumulatedLosses 2024-10-31 03433035 core:Goodwill 2024-10-31 03433035 core:LandBuildings 2024-10-31 03433035 core:PlantMachinery 2024-10-31 03433035 core:AllPeriods 2024-10-31 03433035 bus:Director1 1 2024-10-31 03433035 2023-10-31 03433035 core:Goodwill 2023-10-31 03433035 core:LandBuildings 2023-10-31 03433035 core:PlantMachinery 2023-10-31 03433035 bus:Director1 1 2023-10-31 iso4217:GBP xbrli:pure