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Registered Number: 10785984
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 May 2023

for

BENE CULTURE LIMITED

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Bene Culture Limited for the year ended 31 May 2023.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bene Culture Limited for the year ended 31 May 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of Bene Culture Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Bene Culture Limited and state those matters that we have agreed to state to the Board of Directors of Bene Culture Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bene Culture Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Bene Culture Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Bene Culture Limited . You consider that Bene Culture Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Bene Culture Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................
Breslins Birmingham Limited
Chartered Accountants
Crosby Court
28 George Street
Birmingham
B3 1QG
06 October 2023
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 617    874 
617    874 
Current assets      
Stocks 4 10,421    15,387 
Debtors 5 1,416    6,232 
Cash at bank and in hand 19,041    31,548 
30,878    53,167 
Creditors: amount falling due within one year 6 (30,145)   (34,147)
Net current assets 733    19,020 
 
Total assets less current liabilities 1,350    19,894 
Creditors: amount falling due after more than one year 7 (18,442)   (13,115)
Net liabilities (17,092)   6,779 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account (17,093)   6,778 
Shareholder's funds (17,092)   6,779 
 


For the year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 06 October 2023 and were signed on its behalf by:


-------------------------------
Mr H D Chauhan
Director
2
General Information
Bene Culture Limited is a private company, limited by shares, registered in England and Wales, registration number 10785984, registration address Ug13 Gibb Street , Birmingham, West Midlands, B9 4AT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 33% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Factored debts
The company includes factored debts within trade debtors since most of the risks and rewards of ownership of the factored debts have not passed to the factors. A corresponding liability is included in liabilities in respect of the proceeds received from the factor.
2.

Average number of employees

Average number of employees during the year was 3 (2022 : 3).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 June 2022 940    712    1,652 
Additions    
Disposals    
At 31 May 2023 940    712    1,652 
Depreciation
At 01 June 2022 543    235    778 
Charge for year 100    157    257 
On disposals    
At 31 May 2023 643    392    1,035 
Net book values
Closing balance as at 31 May 2023 297    320    617 
Opening balance as at 01 June 2022 397    477    874 


4.

Stocks

2023
£
  2022
£
Stocks 10,421    15,387 
10,421    15,387 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 1,416    5,370 
VAT   862 
1,416    6,232 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 9,028    13,347 
Corporation Tax   2,471 
PAYE & Social Security 110    68 
Accrued Expenses 1,058    1,158 
Wages & Salaries Control Account   1,622 
Directors' Current Accounts 17,141    15,481 
VAT 2,808   
30,145    34,147 

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 18,442    13,115 
18,442    13,115 

3