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REGISTERED NUMBER: 11847709 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022

FOR

A M BENSONS LIMITED

A M BENSONS LIMITED (REGISTERED NUMBER: 11847709)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A M BENSONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2022







DIRECTOR: A Monopoli





REGISTERED OFFICE: 23 King Street
Barton-Upon-Humber
DN18 5ER





REGISTERED NUMBER: 11847709 (England and Wales)

A M BENSONS LIMITED (REGISTERED NUMBER: 11847709)

BALANCE SHEET
30 APRIL 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,500 12,000
Tangible assets 5 34,603 33,930
45,103 45,930

CURRENT ASSETS
Stocks 7,800 12,152
Debtors 6 5,665 6,358
Cash at bank and in hand 36,356 45,434
49,821 63,944
CREDITORS
Amounts falling due within one year 7 64,957 40,417
NET CURRENT (LIABILITIES)/ASSETS (15,136 ) 23,527
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,967

69,457

CREDITORS
Amounts falling due after more than one year 8 - (3,254 )

PROVISIONS FOR LIABILITIES - (7,353 )
NET ASSETS 29,967 58,850

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 29,867 58,750
SHAREHOLDERS' FUNDS 29,967 58,850

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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.

A M BENSONS LIMITED (REGISTERED NUMBER: 11847709)

BALANCE SHEET - continued
30 APRIL 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 31 August 2022 and were signed by:





A Monopoli - Director


A M BENSONS LIMITED (REGISTERED NUMBER: 11847709)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

1. STATUTORY INFORMATION

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

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

A M BENSONS LIMITED (REGISTERED NUMBER: 11847709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2022

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2021 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2021
and 30 April 2022 15,000
AMORTISATION
At 1 May 2021 3,000
Amortisation for year 1,500
At 30 April 2022 4,500
NET BOOK VALUE
At 30 April 2022 10,500
At 30 April 2021 12,000

A M BENSONS LIMITED (REGISTERED NUMBER: 11847709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2022

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 May 2021 26,967 14,995 41,962
Additions 11,112 - 11,112
At 30 April 2022 38,079 14,995 53,074
DEPRECIATION
At 1 May 2021 3,971 4,061 8,032
Charge for year 6,690 3,749 10,439
At 30 April 2022 10,661 7,810 18,471
NET BOOK VALUE
At 30 April 2022 27,418 7,185 34,603
At 30 April 2021 22,996 10,934 33,930

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2021
and 30 April 2022 12,995
DEPRECIATION
At 1 May 2021 4,061
Charge for year 3,249
At 30 April 2022 7,310
NET BOOK VALUE
At 30 April 2022 5,685
At 30 April 2021 8,934

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 5,665 6,358

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 3,254 4,338
Trade creditors 40,705 14,395
Taxation and social security 3,160 4,701
Other creditors 17,838 16,983
64,957 40,417

A M BENSONS LIMITED (REGISTERED NUMBER: 11847709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Hire purchase contracts - 3,254

9. SECURED DEBTS

A charge is held over the assets of the company by National Westminster Bank plc.

10. RESERVES
Retained
earnings
£   

At 1 May 2021 58,750
Deficit for the year (26,883 )
Dividends (2,000 )
At 30 April 2022 29,867

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The property which the company trades from is owned by A and Mrs K Monopoli. Rent is paid by the company to Mr and Mrs Monopoli at below market value.