Bespoke Plumbing & Gas Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06768620 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

BESPOKE PLUMBING & GAS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

N R Poynter

SECRETARY:

R Overton

REGISTERED OFFICE:

Copia House

Great Cliffe Court

Great Cliffe Road

Barnsley

South Yorkshire

S75 3SP

REGISTERED NUMBER:

06768620 (England and Wales)

ACCOUNTANTS:

Reed Smith Associates Limited

Copia House

Great Cliffe Court

Great Cliffe Road

Barnsley

South Yorkshire

S75 3SP

FIXED ASSETS

Property, plant and equipment

4

6,390

8,304

CURRENT ASSETS

Inventories

5

3,586

3,418

Debtors

6

40,365

35,810

Cash at bank

7,654

9,296

51,605

48,524

CREDITORS

Amounts falling due within one year

7

45,024

51,625

NET CURRENT ASSETS/(LIABILITIES)

6,581

(3,101

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,971

5,203

PROVISIONS FOR LIABILITIES

1,278

1,660

NET ASSETS

11,693

3,543

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

11,692

3,542

SHAREHOLDERS' FUNDS

11,693

3,543

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 22 September 2017 and were signed by:

N R Poynter - Director

1.	STATUTORY INFORMATION

Bespoke Plumbing & Gas Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Office equipment

-

20% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Inventories and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing inventories to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Office

Motor

machinery

equipment

vehicles

Totals

£

£

£

£

COST

At 1 January 2016

5,784

1,393

12,995

20,172

Additions

-

378

-

378

At 31 December 2016

5,784

1,771

12,995

20,550

DEPRECIATION

At 1 January 2016

3,635

1,177

7,056

11,868

Charge for year

606

201

1,485

2,292

At 31 December 2016

4,241

1,378

8,541

14,160

NET BOOK VALUE

At 31 December 2016

1,543

393

4,454

6,390

At 31 December 2015

2,149

216

5,939

8,304

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2016

and 31 December 2016

12,995

DEPRECIATION

At 1 January 2016

7,056

Charge for year

1,485

At 31 December 2016

8,541

NET BOOK VALUE

At 31 December 2016

4,454

At 31 December 2015

5,939

5.	INVENTORIES

31.12.16

31.12.15

£

£

Materials

2,386

2,418

Work-in-progress

1,200

1,000

3,586

3,418

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

39,361

26,800

Other taxation and social security

884

8,890

Prepayments

120

120

40,365

35,810

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Hire purchase contracts

631

3,152

Trade creditors

7,926

9,936

Taxation and social security

17,599

15,490

Other creditors

18,868

23,047

45,024

51,625

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.16

31.12.15

£

£

Hire purchase contracts

631

3,152

9.	ULTIMATE CONTROLLING PARTY