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Company Registration No. 09477624 (England and Wales)
Benifacts Accountants Ltd Unaudited accounts for the year ended 31 March 2023
Benifacts Accountants Ltd Unaudited accounts Contents
Page
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Benifacts Accountants Ltd Company Information for the year ended 31 March 2023
Director
Sachin Chokshi
Company Number
09477624 (England and Wales)
Registered Office
Quantum Accountancy Ltd 97 London Road Slough Berkshire SL3 7RS England
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Benifacts Accountants Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
231,774 
- 
Tangible assets
6,914 
- 
238,688 
- 
Current assets
Debtors
111,272 
70,682 
Investments
189,902 
177,902 
Cash at bank and in hand
2,615 
4,069 
303,789 
252,653 
Creditors: amounts falling due within one year
(151,351)
(200,343)
Net current assets
152,438 
52,310 
Total assets less current liabilities
391,126 
52,310 
Creditors: amounts falling due after more than one year
(312,640)
(17,002)
Net assets
78,486 
35,308 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
78,485 
35,307 
Shareholders' funds
78,486 
35,308 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 October 2023 and were signed on its behalf by
Sachin Chokshi Director Company Registration No. 09477624
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Benifacts Accountants Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Benifacts Accountants Ltd is a private company, limited by shares, registered in England and Wales, registration number 09477624. The registered office is Quantum Accountancy Ltd, 97 London Road, Slough, Berkshire, SL3 7RS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortization. No Amortization to be provided
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
- 
Additions
231,774 
At 31 March 2023
231,774 
Amortisation
At 1 April 2022
- 
At 31 March 2023
- 
Net book value
At 31 March 2023
231,774 
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Benifacts Accountants Ltd Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2022
- 
Additions
7,000 
At 31 March 2023
7,000 
Depreciation
Charge for the year
86 
At 31 March 2023
86 
Net book value
At 31 March 2023
6,914 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
66,810 
50,440 
Accrued income and prepayments
28,058 
- 
Other debtors
16,404 
20,242 
111,272 
70,682 
7
Investments held as current assets
2023 
2022 
£ 
£ 
Unlisted investments
189,902 
177,902 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
17,867 
- 
VAT
4,686 
6,591 
Trade creditors
45,050 
- 
Taxes and social security
9,213 
5,081 
Other creditors
63,780 
169,303 
Loans from directors
10,755 
10,755 
Accruals
- 
8,613 
151,351 
200,343 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
66,775 
17,002 
Other creditors
245,865 
- 
312,640 
17,002 
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Benifacts Accountants Ltd Notes to the Accounts for the year ended 31 March 2023
10
Average number of employees
During the year the average number of employees was 5 (2022: 1).
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