IRIS Accounts Production v23.3.1.45 01264967 director 1.1.22 31.12.22 31.12.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh012649672021-12-31012649672022-12-31012649672022-01-012022-12-31012649672020-12-31012649672021-01-012021-12-31012649672021-12-3101264967ns10:Originalns15:EnglandWales2022-01-012022-12-3101264967ns14:PoundSterlingns10:Original2022-01-012022-12-3101264967ns10:Originalns10:Director12022-01-012022-12-3101264967ns10:Original2022-01-012022-12-3101264967ns10:Original2022-12-3101264967ns10:Originalns10:PrivateLimitedCompanyLtd2022-01-012022-12-3101264967ns10:Originalns10:SmallEntities2022-01-012022-12-3101264967ns10:Originalns10:AuditExempt-NoAccountantsReport2022-01-012022-12-3101264967ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3101264967ns10:SmallCompaniesRegimeForAccountsns10:Original2022-01-012022-12-3101264967ns10:Originalns10:FullAccounts2022-01-012022-12-3101264967ns10:Originalns10:RegisteredOffice2022-01-012022-12-3101264967ns10:Original2021-12-3101264967ns10:Originalns5:CurrentFinancialInstruments2022-12-3101264967ns10:Originalns5:CurrentFinancialInstruments2021-12-3101264967ns10:Originalns5:Non-currentFinancialInstruments2022-12-3101264967ns10:Originalns5:Non-currentFinancialInstruments2021-12-3101264967ns5:ShareCapitalns10:Original2022-12-3101264967ns5:ShareCapitalns10:Original2021-12-3101264967ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-3101264967ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-12-3101264967ns10:Originalns5:PlantMachinery2022-01-012022-12-3101264967ns10:Originalns5:FurnitureFittings2022-01-012022-12-3101264967ns10:Originalns5:MotorVehicles2022-01-012022-12-3101264967ns10:Originalns5:ComputerEquipment2022-01-012022-12-3101264967ns10:Original2021-01-012021-12-3101264967ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2021-12-3101264967ns10:Originalns5:PlantMachinery2021-12-3101264967ns10:Originalns5:FurnitureFittings2021-12-3101264967ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-01-012022-12-3101264967ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3101264967ns10:Originalns5:PlantMachinery2022-12-3101264967ns10:Originalns5:FurnitureFittings2022-12-3101264967ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2021-12-3101264967ns10:Originalns5:PlantMachinery2021-12-3101264967ns10:Originalns5:FurnitureFittings2021-12-3101264967ns10:Originalns5:MotorVehicles2021-12-3101264967ns10:Originalns5:ComputerEquipment2021-12-3101264967ns10:Original2021-12-3101264967ns10:Originalns5:MotorVehicles2022-12-3101264967ns10:Originalns5:ComputerEquipment2022-12-3101264967ns10:Originalns5:MotorVehicles2021-12-3101264967ns10:Originalns5:ComputerEquipment2021-12-3101264967ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2021-12-3101264967ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-01-012022-12-3101264967ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3101264967ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2021-12-3101264967ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3101264967ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-12-31
REGISTERED NUMBER: 01264967 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

P. & B. BENSCHER & SONS LIMITED
T/A
CITY HARDWARE

P. & B. BENSCHER & SONS LIMITED (REGISTERED NUMBER: 01264967)
T/A CITY HARDWARE






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P. & B. BENSCHER & SONS LIMITED
T/A CITY HARDWARE

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: S Benscher





REGISTERED OFFICE: BCL House
2 Pavilion Business Park
Royds Hall Road
Leeds
LS12 6AJ





REGISTERED NUMBER: 01264967 (England and Wales)






P. & B. BENSCHER & SONS LIMITED (REGISTERED NUMBER: 01264967)
T/A CITY HARDWARE

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,691 14,371

CURRENT ASSETS
Stocks 143,450 143,450
Debtors 5 112,629 151,005
Cash in hand 29,228 18,767
285,307 313,222
CREDITORS
Amounts falling due within one year 6 (398,030 ) (387,288 )
NET CURRENT LIABILITIES (112,723 ) (74,066 )
TOTAL ASSETS LESS CURRENT LIABILITIES (105,032 ) (59,695 )

CREDITORS
Amounts falling due after more than one
year

7

(34,837

)

(34,837

)
NET LIABILITIES (139,869 ) (94,532 )

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings (139,971 ) (94,634 )
(139,869 ) (94,532 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

P. & B. BENSCHER & SONS LIMITED (REGISTERED NUMBER: 01264967)
T/A CITY HARDWARE

BALANCE SHEET - continued
31 DECEMBER 2022


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 20 February 2024 and were signed by:





S Benscher - Director


P. & B. BENSCHER & SONS LIMITED (REGISTERED NUMBER: 01264967)
T/A CITY HARDWARE

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

P. & B. Benscher & Sons 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

P. & B. BENSCHER & SONS LIMITED (REGISTERED NUMBER: 01264967)
T/A CITY HARDWARE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2021 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2022 17,169 60,617 28,180
Disposals - - -
At 31 December 2022 17,169 60,617 28,180
DEPRECIATION
At 1 January 2022 17,169 52,041 27,709
Charge for year - 1,286 70
Eliminated on disposal - - -
At 31 December 2022 17,169 53,327 27,779
NET BOOK VALUE
At 31 December 2022 - 7,290 401
At 31 December 2021 - 8,576 471

P. & B. BENSCHER & SONS LIMITED (REGISTERED NUMBER: 01264967)
T/A CITY HARDWARE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2022 51,474 7,077 164,517
Disposals (51,474 ) - (51,474 )
At 31 December 2022 - 7,077 113,043
DEPRECIATION
At 1 January 2022 46,150 7,077 150,146
Charge for year - - 1,356
Eliminated on disposal (46,150 ) - (46,150 )
At 31 December 2022 - 7,077 105,352
NET BOOK VALUE
At 31 December 2022 - - 7,691
At 31 December 2021 5,324 - 14,371

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2022 51,474
Disposals (51,474 )
At 31 December 2022 -
DEPRECIATION
At 1 January 2022 46,150
Eliminated on disposal (46,150 )
At 31 December 2022 -
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 5,324

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 85,562 91,003
Other debtors 27,067 60,002
112,629 151,005

P. & B. BENSCHER & SONS LIMITED (REGISTERED NUMBER: 01264967)
T/A CITY HARDWARE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 71,256 26,938
Hire purchase contracts - 28,448
Trade creditors 88,363 91,297
Taxation and social security 136,844 141,350
Other creditors 101,567 99,255
398,030 387,288

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 34,837 34,837