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REGISTERED NUMBER: 06675283 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Benchmark Accounting Limited

Benchmark Accounting Limited (Registered number: 06675283)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Benchmark Accounting Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: S J Warman





REGISTERED OFFICE: Benchmark
174 Anmore Road
Denmead
Hampshire
PO7 6HW





REGISTERED NUMBER: 06675283 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
12 Fratton Road
Portsmouth
Hampshire
PO1 5BX

Benchmark Accounting Limited (Registered number: 06675283)

Statement of Financial Position
31 August 2023

2023 2022
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 3,889 3,375
Investments 5 100,000 100,000
103,889 103,375

CURRENT ASSETS
Debtors 6 47,920 31,075
Cash at bank and in hand 27,788 11,205
75,708 42,280
CREDITORS
Amounts falling due within one year 7 (42,002 ) (28,860 )
NET CURRENT ASSETS 33,706 13,420
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,595

116,795

CREDITORS
Amounts falling due after more than one
year

8

(23,618

)

(31,820

)

PROVISIONS FOR LIABILITIES 10 (739 ) (641 )
NET ASSETS 113,238 84,334

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 12 113,237 84,333
SHAREHOLDERS' FUNDS 113,238 84,334

Benchmark Accounting Limited (Registered number: 06675283)

Statement of Financial Position - continued
31 August 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 2 February 2024 and were signed by:





S J Warman - Director


Benchmark Accounting Limited (Registered number: 06675283)

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

1. STATUTORY INFORMATION

Benchmark Accounting 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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 INCLUDING DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

Benchmark Accounting Limited (Registered number: 06675283)

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2022 4,677 14,204 18,881
Additions - 2,199 2,199
At 31 August 2023 4,677 16,403 21,080
DEPRECIATION
At 1 September 2022 2,323 13,183 15,506
Charge for year 353 1,332 1,685
At 31 August 2023 2,676 14,515 17,191
NET BOOK VALUE
At 31 August 2023 2,001 1,888 3,889
At 31 August 2022 2,354 1,021 3,375

5. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 September 2022
and 31 August 2023 100,000
NET BOOK VALUE
At 31 August 2023 100,000
At 31 August 2022 100,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 47,754 31,075
Prepayments and accrued income 166 -
47,920 31,075

Benchmark Accounting Limited (Registered number: 06675283)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 654 608
Tax 16,279 6,357
Social security and other taxes 1,945 1,548
VAT 11,307 6,515
Directors' current accounts 2 1,343
Accruals and deferred income 10,152 7,942
Accrued expenses 1,663 4,547
42,002 28,860

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 23,618 31,820

Amounts falling due in more than five years:

Repayable by instalments
NatWest bank loan 23,618 31,820

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due in more than five years:
Repayable by instalments
NatWest bank loan 23,618 31,820

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 739 641

Benchmark Accounting Limited (Registered number: 06675283)

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

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2022 641
Accelerated capital allowances 98
Balance at 31 August 2023 739

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1 1

12. RESERVES
Retained
earnings
£   

At 1 September 2022 84,333
Profit for the year 72,549
Dividends (43,645 )
At 31 August 2023 113,237

13. ULTIMATE CONTROLLING PARTY

The controlling party is S J Warman and R K Warman by virtue of their joint ownership of 100% of the issued ordinary share capital in the company. S J Warman is also director of the company.