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REGISTERED NUMBER: 07209174 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

BENS GUTTERS LIMITED

BENS GUTTERS LIMITED (Registered number: 07209174)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BENS GUTTERS LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: R Macleod
S Guy





REGISTERED OFFICE: Linx House
147-149 London Road
East Grinstead
West Sussex
RH19 1ET





REGISTERED NUMBER: 07209174 (England and Wales)





ACCOUNTANTS: Bentleys Accounting Limited
Suite 6, 141/143 South Road
Haywards Heath
West Sussex
RH16 4LY

BENS GUTTERS LIMITED (Registered number: 07209174)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 123,500 -
Tangible assets 5 473,893 452,897
597,393 452,897

CURRENT ASSETS
Debtors 6 1,321,415 1,542,129
Cash at bank 62,574 541,151
1,383,989 2,083,280
CREDITORS
Amounts falling due within one year 7 609,392 783,295
NET CURRENT ASSETS 774,597 1,299,985
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,371,990

1,752,882

CREDITORS
Amounts falling due after more than one
year

8

765,960

638,251
NET ASSETS 606,030 1,114,631

CAPITAL AND RESERVES
Called up share capital 60 60
Retained earnings 605,970 1,114,571
SHAREHOLDERS' FUNDS 606,030 1,114,631

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

BENS GUTTERS LIMITED (Registered number: 07209174)

Balance Sheet - continued
31 March 2023


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 26 September 2023 and were signed on its behalf by:





R Macleod - Director


BENS GUTTERS LIMITED (Registered number: 07209174)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

BENS GUTTERS 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 0, is being amortised evenly over its estimated useful life of nil 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance

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.

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 49 (2022 - 47 ) .

BENS GUTTERS LIMITED (Registered number: 07209174)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 130,000
At 31 March 2023 130,000
AMORTISATION
Charge for year 6,500
At 31 March 2023 6,500
NET BOOK VALUE
At 31 March 2023 123,500

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2022 907,160 11,728 918,888
Additions 40,813 121,532 162,345
At 31 March 2023 947,973 133,260 1,081,233
DEPRECIATION
At 1 April 2022 457,339 8,652 465,991
Charge for year 122,658 18,691 141,349
At 31 March 2023 579,997 27,343 607,340
NET BOOK VALUE
At 31 March 2023 367,976 105,917 473,893
At 31 March 2022 449,821 3,076 452,897

6. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 97,713 46,985
Deferred tax asset 10,177 10,177
107,890 57,162

Amounts falling due after more than one year:
Amounts owed by participating interests 1,213,525 1,484,967

Aggregate amounts 1,321,415 1,542,129

BENS GUTTERS LIMITED (Registered number: 07209174)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 124,268 124,268
Hire purchase contracts 38,856 38,856
Trade creditors 25,556 23,450
Tax 168,569 281,414
Social security and other taxes 36,879 30,545
VAT 209,764 277,162
Other creditors - 2,100
Accrued expenses 5,500 5,500
609,392 783,295

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Other loans - 2-5 years 144,537 442,661
Hire purchase contracts 85,341 115,590
Amounts owed to participating interests 272,000 80,000
Other creditors 264,082 -
765,960 638,251

9. SECURED DEBTS

Barclays Bank has a registered floating Charge over the assets of the company

10. RELATED PARTY DISCLOSURES

LOANS TO ASSOCIATED COMPANIES

During the year the company made various loans to and from various associated companies, These are shown within the Financial Statements as 'Amounts owed to and from participating interests'

The related party transactions were processed on a commercial basis.

As at 31st March 2023, The company was owed £ 59,143 by Bens Gutters North Ltd, and £ 1,154,382 from Bens Gutters Property Ltd.

The company owed £ 180,000 to Stockbridge Sussex Limited and £ 92,000 Bens Gutters Commercial Limited

11. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Bens Gutters Properties Limited.

The directors Mr S Guy and Mr R Macleod between them have controlling interest in Ben Gutters Properties Limited