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REGISTERED NUMBER: SC369855 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021

FOR

BENSONS PANTRY LIMITED

BENSONS PANTRY LIMITED (REGISTERED NUMBER: SC369855)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BENSONS PANTRY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2021







DIRECTORS: Mrs M Smith
Mrs T Morris
M S Gamble





REGISTERED OFFICE: Level One
211 Dumbarton Road
Mansfield Park
Glasgow
G11 6AA





REGISTERED NUMBER: SC369855 (Scotland)





ACCOUNTANTS: Independent Accountants in Scotland Limited
Level One
211 Dumbarton Road
Mansfield Park
Glasgow
G11 6AA

BENSONS PANTRY LIMITED (REGISTERED NUMBER: SC369855)

BALANCE SHEET
30 JUNE 2021

30/6/21 30/6/20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 27,355
- 27,355

CURRENT ASSETS
Stocks - 1,996
Debtors 6 - 1,921
Cash at bank and in hand 34,907 88,701
34,907 92,618
CREDITORS
Amounts falling due within one year 7 58,936 35,887
NET CURRENT (LIABILITIES)/ASSETS (24,029 ) 56,731
TOTAL ASSETS LESS CURRENT
LIABILITIES

(24,029

)

84,086

CREDITORS
Amounts falling due after more than
one year

8

-

54,379
NET (LIABILITIES)/ASSETS (24,029 ) 29,707

CAPITAL AND RESERVES
Called up share capital 40 40
Retained earnings (24,069 ) 29,667
SHAREHOLDERS' FUNDS (24,029 ) 29,707

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BENSONS PANTRY LIMITED (REGISTERED NUMBER: SC369855)

BALANCE SHEET - continued
30 JUNE 2021


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 Board of Directors and authorised for issue on 14 September 2022 and were signed on its behalf by:





Mrs T Morris - Director


BENSONS PANTRY LIMITED (REGISTERED NUMBER: SC369855)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021


1. STATUTORY INFORMATION

Bensons Pantry Limited is a private company, limited by shares , registered in Scotland. 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 2009, is being amortised evenly over its estimated useful life of ten years.

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses.

It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed 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.

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.


BENSONS PANTRY LIMITED (REGISTERED NUMBER: SC369855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2021


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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 NIL (2020 - 16 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2020 91,890
Disposals (91,890 )
At 30 June 2021 -
AMORTISATION
At 1 July 2020 91,890
Eliminated on disposal (91,890 )
At 30 June 2021 -
NET BOOK VALUE
At 30 June 2021 -
At 30 June 2020 -

BENSONS PANTRY LIMITED (REGISTERED NUMBER: SC369855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2021


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2020 92,249
Additions 7,950
Disposals (100,199 )
At 30 June 2021 -
DEPRECIATION
At 1 July 2020 64,894
Eliminated on disposal (64,894 )
At 30 June 2021 -
NET BOOK VALUE
At 30 June 2021 -
At 30 June 2020 27,355

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/21 30/6/20
£    £   
Other debtors - 1,921

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/21 30/6/20
£    £   
Hire purchase contracts - 3,524
Trade creditors 15,098 585
Taxation and social security 43,399 20,177
Other creditors 439 11,601
58,936 35,887

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/21 30/6/20
£    £   
Bank loans - 50,000
Hire purchase contracts - 4,379
- 54,379

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 50,000