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REGISTERED NUMBER: 04340563 (England and Wales)










Financial Statements

for the Year Ended 30 April 2023

for

Thomas Ben Limited

Thomas Ben Limited (Registered number: 04340563)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Thomas Ben Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mr Paul Mellins
Mr Mark Drabble





SECRETARY: Mr Mark Drabble





REGISTERED OFFICE: Suite 4, The Old Coach House
Robin Hood's Well
Skelbrooke
Doncaster
South Yorkshire
DN6 8LS





REGISTERED NUMBER: 04340563 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 9 Normanby Gateway
Scunthorpe
North Lincolnshire
DN15 9YG

Thomas Ben Limited (Registered number: 04340563)

Statement of Financial Position
30 April 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 47,097 779
Investment property 5 243,408 -
290,505 779

CURRENT ASSETS
Stocks 99,332 115,446
Debtors 6 23,606 56,438
Cash at bank 249,747 474,786
372,685 646,670
CREDITORS
Amounts falling due within one year 7 (123,477 ) (129,254 )
NET CURRENT ASSETS 249,208 517,416
TOTAL ASSETS LESS CURRENT
LIABILITIES

539,713

518,195

CREDITORS
Amounts falling due after more than one
year

8

(9,526

)

-

PROVISIONS FOR LIABILITIES (8,948 ) (148 )
NET ASSETS 521,239 518,047

CAPITAL AND RESERVES
Called up share capital 829 829
Retained earnings 9 520,410 517,218
SHAREHOLDERS' FUNDS 521,239 518,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Thomas Ben Limited (Registered number: 04340563)

Statement of Financial Position - continued
30 April 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 20 October 2023 and were signed on its behalf by:





Mr Paul Mellins - Director


Thomas Ben Limited (Registered number: 04340563)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Thomas Ben 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.

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 cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 6 (2022 - 6 ) .

Thomas Ben Limited (Registered number: 04340563)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2022 1,527 2,484 31,442 7,719 43,172
Additions - - 60,607 - 60,607
At 30 April 2023 1,527 2,484 92,049 7,719 103,779
DEPRECIATION
At 1 May 2022 1,527 2,351 31,442 7,073 42,393
Charge for year - 20 13,889 380 14,289
At 30 April 2023 1,527 2,371 45,331 7,453 56,682
NET BOOK VALUE
At 30 April 2023 - 113 46,718 266 47,097
At 30 April 2022 - 133 - 646 779

5. INVESTMENT PROPERTY
Total
£   
COST
Additions 243,408
At 30 April 2023 243,408
NET BOOK VALUE
At 30 April 2023 243,408

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 3,253
VAT 23,390 53,185
Prepayments 216 -
23,606 56,438

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 36,532 -
Trade creditors 54,881 73,223
Corporation tax 23,297 32,715
Social security and other tax 1,574 6,346
Other creditors 3,701 13,287
Directors' current accounts 570 977
Accrued expenses 2,922 2,706
123,477 129,254

Thomas Ben Limited (Registered number: 04340563)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 9,526 -

9. RESERVES
Retained
earnings
£   

At 1 May 2022 517,218
Profit for the year 77,580
Dividends (74,388 )
At 30 April 2023 520,410