LOWE AND BESPOKE LTD


Directors	ANDREWS, Lee
	ANDREWS, Ruth


Registered Address	Unit 4 East Town Park
	Mill Street
	Crediton
	EX17 1EY


Registered Number	11050540 (England and Wales)

Balance Sheet as at
30 November 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		1,800		2,700
Tangible assets	4		61,396		75,608
			63,196		78,308
Current assets
Debtors	5	113,123		57,400
Cash at bank and on hand		28,341		61,126
		141,464		118,526
Creditors amounts falling due within one year	6	(20,991)		(11,210)
Net current assets (liabilities)			120,473		107,316
Total assets less current liabilities			183,669		185,624
Net assets			183,669		185,624
Capital and reserves
Called up share capital			100		100
Profit and loss account			183,569		185,524
Shareholders' funds			183,669		185,624

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 2 April 2026, and are signed on its behalf by:

ANDREWS, Lee
Director
Registered Company No. 11050540

LOWE AND BESPOKE LTD

Notes to the Financial Statements
for the year ended 30 November 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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 policy
	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.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	-	5
Vehicles	20	-
Office Equipment	-	5

	Trade and other 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.

Trade and other 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.

	Trade and other 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.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	6		6

3.	Intangible assets
	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.

	Other	Total
	£	£
Cost or valuation
At 01 December 24	9,000	9,000
At 30 November 25	9,000	9,000
Amortisation and impairment
At 01 December 24	6,300	6,300
Charge for year	900	900
At 30 November 25	7,200	7,200
Net book value
At 30 November 25	1,800	1,800
At 30 November 24	2,700	2,700

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 December 24	73,710	35,239	22,046	130,995
Additions	3,200	-	2,075	5,275
Disposals	-	-	(4,077)	(4,077)
At 30 November 25	76,910	35,239	20,044	132,193
Depreciation and impairment
At 01 December 24	34,291	9,175	11,921	55,387
Charge for year	11,203	5,213	3,071	19,487
On disposals	-	-	(4,077)	(4,077)
At 30 November 25	45,494	14,388	10,915	70,797
Net book value
At 30 November 25	31,416	20,851	9,129	61,396
At 30 November 24	39,419	26,064	10,125	75,608

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	109,533	54,500
Prepayments and accrued income	3,590	2,900
Total	113,123	57,400

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	1,368	364
Bank borrowings and overdrafts	54	4,353
Taxation and social security	17,158	3,061
Accrued liabilities and deferred income	2,411	3,432
Total	20,991	11,210