Company registration number 09983709 (England and Wales)
THOMAS MAY BESPOKE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
THOMAS MAY BESPOKE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
THOMAS MAY BESPOKE LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
22,281
51,501
Current assets
Stocks
241,560
188,130
Debtors
4
74,381
37,493
Cash at bank and in hand
9
19
315,950
225,642
Creditors: amounts falling due within one year
5
(266,343)
(135,114)
Net current assets
49,607
90,528
Total assets less current liabilities
71,888
142,029
Creditors: amounts falling due after more than one year
6
(31,878)
(83,560)
Provisions for liabilities
(4,233)
-
0
Net assets
35,777
58,469
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
35,767
58,459
Total equity
35,777
58,469
THOMAS MAY BESPOKE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2025
28 February 2025
- 2 -

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 his responsibilities for complying with the requirements of the Companies Act 2006 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.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 2 March 2026
Mr J T Boynton
Director
Company registration number 09983709 (England and Wales)
THOMAS MAY BESPOKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 3 -
1
Accounting policies
Company information

Thomas May Bespoke Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 7 The Olive Grove, Plews Way, Leeming Bar, Northallerton, DL7 9UG.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

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

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

THOMAS MAY BESPOKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

THOMAS MAY BESPOKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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 calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity.

1.10
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
8
8
THOMAS MAY BESPOKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 6 -
3
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 March 2024
45,889
62,569
108,458
Disposals
(32,550)
-
0
(32,550)
At 28 February 2025
13,339
62,569
75,908
Depreciation and impairment
At 1 March 2024
15,934
41,023
56,957
Depreciation charged in the year
1,079
5,387
6,466
Eliminated in respect of disposals
(9,796)
-
0
(9,796)
At 28 February 2025
7,217
46,410
53,627
Carrying amount
At 28 February 2025
6,122
16,159
22,281
At 29 February 2024
29,955
21,546
51,501
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
41,106
14,859
Other debtors
33,275
22,634
74,381
37,493
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
69,336
78,948
Trade creditors
47,648
3,035
Taxation and social security
71,681
20,458
Other creditors
77,678
32,673
266,343
135,114

Included within other creditors are amount due in respect of hire purchase and lease finance agreements which are secured on the assets concerned.

THOMAS MAY BESPOKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 7 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
30,114
66,232
Other creditors
1,764
17,328
31,878
83,560

Included within other creditors are amount due in respect of hire purchase and lease finance agreements which are secured on the assets concerned.

2025-02-28 2024-03-01 false false false 02 March 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr J T Boynton 09983709 2024-03-01 2025-02-28 09983709 2025-02-28 09983709 2024-02-29 09983709 core:PlantMachinery 2025-02-28 09983709 core:MotorVehicles 2025-02-28 09983709 core:PlantMachinery 2024-02-29 09983709 core:MotorVehicles 2024-02-29 09983709 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 09983709 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 09983709 core:WithinOneYear 2025-02-28 09983709 core:WithinOneYear 2024-02-29 09983709 core:AfterOneYear 2025-02-28 09983709 core:AfterOneYear 2024-02-29 09983709 core:CurrentFinancialInstruments 2025-02-28 09983709 core:CurrentFinancialInstruments 2024-02-29 09983709 core:Non-currentFinancialInstruments 2025-02-28 09983709 core:Non-currentFinancialInstruments 2024-02-29 09983709 core:ShareCapital 2025-02-28 09983709 core:ShareCapital 2024-02-29 09983709 core:RetainedEarningsAccumulatedLosses 2025-02-28 09983709 core:RetainedEarningsAccumulatedLosses 2024-02-29 09983709 bus:Director1 2024-03-01 2025-02-28 09983709 core:PlantMachinery 2024-03-01 2025-02-28 09983709 core:MotorVehicles 2024-03-01 2025-02-28 09983709 2023-03-01 2024-02-29 09983709 core:PlantMachinery 2024-02-29 09983709 core:MotorVehicles 2024-02-29 09983709 2024-02-29 09983709 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 09983709 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 09983709 bus:FRS102 2024-03-01 2025-02-28 09983709 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 09983709 bus:FullAccounts 2024-03-01 2025-02-28 xbrli:pure xbrli:shares iso4217:GBP