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Company registration number:
06326992
Bevenny Manufacturing Ltd
Unaudited Filleted Financial Statements for the year ended
31 July 2023
Bevenny Manufacturing Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Bevenny Manufacturing Ltd
Year ended
31 July 2023
As described on the statement of financial position, the Board of Directors of
Bevenny Manufacturing Ltd
are responsible for the preparation of the
financial statements
for the year ended
31 July 2023
, which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
McColm Cardew Ltd
Chartered Certified Accountants
8 Main Street
Bilton
Rugby
CV22 7NB
United Kingdom
Date:
4 March 2024
Bevenny Manufacturing Ltd
Statement of Financial Position
31 July 2023
20232022
Note££
Fixed assets    
Tangible assets 5
42,838
 
55,660
 
Current assets    
Stocks
2,500
 
2,500
 
Debtors 6
61,319
 
101,222
 
Cash at bank and in hand
170,047
 
265,779
 
233,866
 
369,501
 
Creditors: amounts falling due within one year 7
(78,143
)
(177,209
)
Net current assets
155,723
 
192,292
 
Total assets less current liabilities 198,561   247,952  
Creditors: amounts falling due after more than one year 8
(16,599
)
(41,862
)
Net assets
181,962
 
206,090
 
Capital and reserves    
Called up share capital
4
 
4
 
Profit and loss account
181,958
 
206,086
 
Shareholders funds
181,962
 
206,090
 
For the year ending
31 July 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
4 March 2024
, and are signed on behalf of the board by:
Mr M Bevan
Director
Company registration number:
06326992
Bevenny Manufacturing Ltd
Notes to the Financial Statements
Year ended
31 July 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
8 Main Street
,
Bilton
,
Rugby
,
CV22 7NB
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% reducing balance
Office equipment
25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
4
(2022:
4.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 August 2022
-  
128,525
 
128,525
 
Additions -  
1,461
 
1,461
 
At
31 July 2023
-  
129,986
 
129,986
 
Depreciation      
At
1 August 2022
-  
72,865
 
72,865
 
Charge -  
14,283
 
14,283
 
At
31 July 2023
-  
87,148
 
87,148
 
Carrying amount      
At
31 July 2023
-  
42,838
 
42,838
 
At 31 July 2022 -  
55,660
 
55,660
 

6 Debtors

20232022
££
Trade debtors
38,110
 
81,276
 
Other debtors
23,209
 
19,946
 
61,319
 
101,222
 

7 Creditors: amounts falling due within one year

20232022
££
Bank loans and overdrafts
10,648
 
10,649
 
Trade creditors
30,403
 
24,134
 
Taxation and social security
23,274
 
94,056
 
Other creditors
13,818
 
48,370
 
78,143
 
177,209
 

8 Creditors: amounts falling due after more than one year

20232022
££
Bank loans and overdrafts
11,007
 
27,882
 
Other creditors
5,592
 
13,980
 
16,599
 
41,862