Registration number:
GL Bespoke Limited
for the Period from 25 July 2019 to 31 July 2020
GL Bespoke Limited
Contents
Company Information |
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Director's Report |
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Abridged Profit and Loss Account |
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Statement of Comprehensive Income |
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Abridged Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Abridged Financial Statements |
GL Bespoke Limited
Company Information
Director |
Abubakar Abdulfatah Mohamed |
Registered office |
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Accountants |
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GL Bespoke Limited
Director's Report for the Period from 25 July 2019 to 31 July 2020
The director presents his report and the abridged financial statements for the period from 25 July 2019 to 31 July 2020.
Incorporation
The company was incorporated and commenced trading on
Director of the company
The director who held office during the period was as follows:
Principal activity
The principal activity of the company is Wholesale of Jewellery and Watches
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the
.........................................
Director
GL Bespoke Limited
Abridged Profit and Loss Account for the Period from 25 July 2019 to 31 July 2020
Note |
2020 |
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Gross profit |
|
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Administrative expenses |
( |
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Loss before tax |
( |
|
Loss for the financial period |
( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the period other than the results above.
GL Bespoke Limited
Statement of Comprehensive Income for the Period from 25 July 2019 to 31 July 2020
2020 |
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Loss for the period |
( |
Total comprehensive income for the period |
( |
GL Bespoke Limited
(Registration number: 12121846)
Abridged Balance Sheet as at 31 July 2020
Note |
2020 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
1 |
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Profit and loss account |
(1,168) |
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Shareholders' deficit |
(1,167) |
For the financial period ending 31 July 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
.........................................
Director
GL Bespoke Limited
Statement of Changes in Equity for the Period from 25 July 2019 to 31 July 2020
Share capital |
Profit and loss account |
Total |
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Loss for the period |
- |
( |
( |
Total comprehensive income |
- |
( |
( |
New share capital subscribed |
|
- |
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At 31 July 2020 |
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( |
( |
GL Bespoke Limited
Notes to the Unaudited Abridged Financial Statements for the Period from 25 July 2019 to 31 July 2020
General information |
The company is a private company limited by share capital, incorporated in UK.
The address of its registered office is:
England and Wales
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
GL Bespoke Limited
Notes to the Unaudited Abridged Financial Statements for the Period from 25 July 2019 to 31 July 2020
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Share capital |
Allotted, called up and fully paid shares
2020 |
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No. |
£ |
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1 |
Related party transactions |
Directors' remuneration
The director's remuneration for the period was as follows:
2020 |
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Remuneration |
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