TAYLOR BESPOKE LIMITED - Filleted accounts

Registered number

11390478

TAYLOR BESPOKE LIMITED

Filleted Accounts

30 May 2025

TAYLOR BESPOKE LIMITED
Registered number:		11390478				As Restated
Balance Sheet						As at
as at 30 May 2025						31st May

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		187,982			181,116

Current assets
Stocks and Work in progress		10,000			90,000
Debtors	4	162,909			238,447
Cash at bank and in hand		8,845			73,992
		181,754			402,439

Creditors: amounts falling due within one year	5	(181,943)			(219,329)

Net current (liabilities)/assets			(189)			183,110

Total assets less current liabilities			187,793			364,226

Creditors: amounts falling due after more than one year	6		(6,589)			(35,025)

Provisions for liabilities			(34,418)			-


Net assets			146,786			329,201

Capital and reserves
Called up share capital			102			102
Profit and loss account			146,684			329,099

Shareholders' funds			146,786			329,201

The director is 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 director acknowledges his 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.


D A Smith
Director
Approved by the board on 5 December 2025

TAYLOR BESPOKE LIMITED
Notes to the Accounts
for the year ended 30 May 2025


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).

	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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	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:

	Plant and machinery			10% reducing balance
	Fixtures, fittings, tools and equipment			20% reducing balance
	Motor vehicles			15% reducing balance
	Computer equipment			20% straight line

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks and Work in progress
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
	Work in progress is calculated as a percentage of work done at the year end at its estimated realisable value.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.



	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					14		12



3	Tangible fixed assets							As Restated
				Plant and machinery etc		Motor vehicles		Total
£					£		£
	Cost
	At 31 May 2024			213,687		55,848		269,535
	Additions			30,000		-		30,000
	At 30 May 2025			243,687		55,848		299,535

	Depreciation
	At 31 May 2024			62,073		26,346		88,419
	Charge for the year			18,709		4,425		23,134
	At 30 May 2025			80,782		30,771		111,553

	Net book value
	At 30 May 2025			162,905		25,077		187,982
	At 30 May 2024			151,614		29,502		181,116

								As Restated
4	Debtors					2025		2024
£							£

	Trade debtors					112,136		202,611
	Prepayments					17,280		18,065
	Other debtors					33,493		17,771
						162,909		238,447


								As Restated
5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					7,710		7,994
	Obligations under finance lease and hire purchase contracts					-		5,000
	Trade creditors					56,265		29,581
	Taxation and social security costs					46,529		91,043
	Directors' loan account					15,076		2,837
	Other creditors					56,363		82,874
						181,943		219,329


								As Restated
6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					-		8,025
	Other creditors					6,589		27,000
						6,589		35,025


7	Prior year Adjustment					2025		2024
£							£
	Decrease in Investments					-		(50,000)
	Decrease in Plant and Machinery					-		(27,151)
	Increase in Payments in Advance					-		10,950
	Decrease in cash at bank - Bank adjustment					-		(185,455)
	Decrease in other debtors - Supplier payments in advance					-		(161,745)
	Increase in debtors - amounts due at 31st May 2023					-		43,565
	Increase in Corporation tax					-		(39,321)
	Increase in taxation and social security costs - PAYE					-		(9,416)
	Increase in other creditors - pension					-		(1,186)
	Decrease in obligations under finance lease and hire purchase contracts					-		8,396

	Decrease in Depreciation					-		2,036
	Increase in hire purchase loan interest					-		(2,736)
	Increase in bank loan interest					-		(709)
						-		(412,772)




8	Other financial commitments					2025		2024
£							£

	Total future minimum payments under non-cancellable operating leases					54,793		54,793


9	Loans to directors
B/fwd			Paid		Repaid		C/fwd
£			£		£		£
	D A Smith
	Director's Loan	(2,837)		83,631		(95,870)		(15,076)

		(2,837)		83,631		(95,870)		(15,076)


10	Other information

	TAYLOR BESPOKE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 2 Tysea Hill Farm
	Murthering Lane
	Stapleford Abbotts
	Essex
	RM4 1JT