Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrue2022-02-07No description of principal activity1 13898834 2022-02-06 13898834 2022-02-07 2023-02-28 13898834 2021-02-07 2022-02-06 13898834 2023-02-28 13898834 c:Director1 2022-02-07 2023-02-28 13898834 d:CurrentFinancialInstruments 2023-02-28 13898834 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13898834 d:ShareCapital 2022-02-07 2023-02-28 13898834 d:ShareCapital 2023-02-28 13898834 d:RetainedEarningsAccumulatedLosses 2022-02-07 2023-02-28 13898834 d:RetainedEarningsAccumulatedLosses 2023-02-28 13898834 c:OrdinaryShareClass1 2022-02-07 2023-02-28 13898834 c:OrdinaryShareClass1 2023-02-28 13898834 c:FRS102 2022-02-07 2023-02-28 13898834 c:AuditExempt-NoAccountantsReport 2022-02-07 2023-02-28 13898834 c:FullAccounts 2022-02-07 2023-02-28 13898834 c:PrivateLimitedCompanyLtd 2022-02-07 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13898834









BENCHMARK INTERNET LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 28 FEBRUARY 2023

 
BENCHMARK INTERNET LIMITED
REGISTERED NUMBER: 13898834

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
Note
£

  

Current assets
  

Cash at bank and in hand
 4 
43,001

  
43,001

Creditors: amounts falling due within one year
 5 
(9,998)

  

Net assets
  
33,003


Capital and reserves
  

Called up share capital 
 6 
1

Profit and loss account
  
33,002

  
33,003


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 October 2023.




Dominic Finn
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 1

 
BENCHMARK INTERNET LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 28 FEBRUARY 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period

-
33,902
33,902


Contributions by and distributions to owners

Dividends: Equity capital
-
(900)
(900)

Shares issued during the period
1
-
1


At 28 February 2023
1
33,002
33,003

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BENCHMARK INTERNET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

1.


General information

Benchmark Internet Limited is a private company limited by share capital, incorporated in England and Wales, on 7 February 2022, registration number 13898834. The address of the registered office is 24 Astral Close, Lower Stondon, Henlow, Bedfordshire, United Kingdom, SG16 6EL

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis as the director believes adequate resources exist to enable it to meet its working capital requirements for at least twelve months from approval of these financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
BENCHMARK INTERNET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
BENCHMARK INTERNET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the director, during the period was as follows:


  13 months ended
     28 February
        2023
            No.






Directors
1


4.


Cash and cash equivalents

2023
£

Cash at bank and in hand
43,001

43,001


Page 5

 
BENCHMARK INTERNET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

5.


Creditors: Amounts falling due within one year

2023
£

Corporation tax
7,952

Other taxation and social security
46

Accruals and deferred income
2,000

9,998



6.


Share capital

2023
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1


During the period 1 ordinary share having a nominal value of £1 was allotted for a consideration of £1.

 
Page 6