Bespoke Lofts Ltd 31/03/2025 iXBRL

Company registration number: 05587383

Bespoke Lofts Ltd

Unaudited filleted financial statements

31 March 2025

Bespoke Lofts Ltd

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Bespoke Lofts Ltd

Directors and other information


	Director	M Loppas


	Secretary	N Loppas


	Company number	05587383


	Registered office	Bank Chambers
		188 Queens Road
		Buckhurst Hill
		Essex
		IG9 5BD


	Accountants	Pollock Taylor Ltd
		Units 6-7, Thurrock Commercial Park
		Juliette Way
		Purfleet
		Essex
		RM15 4YA

Bespoke Lofts Ltd

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	10,256		12,069
		_________		_________
			10,256		12,069

Current assets
Debtors	7	519,658		673,079
Cash at bank and in hand		119,023		36,864
		_________		_________
		638,681		709,943
Creditors: amounts falling due
within one year	8	( 515,291)		( 502,890)
		_________		_________
Net current assets			123,390		207,053
			_________		_________
Total assets less current liabilities			133,646		219,122

Creditors: amounts falling due
after more than one year	9		( 41,667)		( 141,667)

Provisions for liabilities	10		( 1,949)		( 2,293)

			_________		_________
Net assets			90,030		75,162
			_________		_________

Capital and reserves
Called up share capital			100		100
Profit and loss account			89,930		75,062
			_________		_________
Shareholders funds			90,030		75,162
			_________		_________

For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 10 October 2025 , and are signed on behalf of the board by:

M Loppas

Director

Company registration number: 05587383

Bespoke Lofts Ltd

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Bank Chambers, 188 Queens Road, Buckhurst Hill, Essex, IG9 5BD.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	15 %	reducing balance
Motor vehicles	-	15 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2024: 6 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£
Current tax:
UK current tax expense	28,694	23,918
	_________	_________

Deferred tax:
Origination and reversal of timing differences	( 344)	( 548)
	_________	_________
Tax on profit	28,350	23,370
	_________	_________

6. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	5,787	19,651	25,438
	_________	_________	_________
Depreciation
At 1 April 2024	3,985	9,384	13,369
Charge for the year	272	1,541	1,813
	_________	_________	_________
At 31 March 2025	4,257	10,925	15,182
	_________	_________	_________
Carrying amount
At 31 March 2025	1,530	8,726	10,256
	_________	_________	_________
At 31 March 2024	1,802	10,267	12,069
	_________	_________	_________

7. Debtors

	2025	2024
	£	£
Trade debtors	505,179	670,579
Other debtors	14,479	2,500
	_________	_________
	519,658	673,079
	_________	_________

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	100,000	100,000
Trade creditors	243,487	286,994
Corporation tax	28,694	23,918
Social security and other taxes	109,877	76,231
Other creditors	33,233	15,747
	_________	_________
	515,291	502,890
	_________	_________

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	41,667	141,667
	_________	_________

10. Provisions

	Deferred tax (note )	Total
	£	£
At 1 April 2024	2,293	2,293
Additions	( 344)	( 344)
	_________	_________
At 31 March 2025	1,949	1,949
	_________	_________