Registered number
07597630
Bengman Limited
Report and Accounts
31 December 2023
Bengman Limited
Company Information
Director
B A Davies
Ms V L Jones
Registered office
Rotunda Buildings
Montpellier Exchange
Cheltenham
Registered number
07597630
Bengman Limited
Registered number: 07597630
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Debtors 4 90,000 82,760
Cash at bank and in hand 29,164 34,417
119,164 117,177
Creditors: amounts falling due within one year 5 (48,262) (47,094)
Net current assets 70,902 70,083
Total assets less current liabilities 70,902 70,083
Creditors: amounts falling due after more than one year 6 (24,658) (29,087)
Net assets 46,244 40,996
Capital and reserves
Called up share capital 1 1
Profit and loss account 46,243 40,995
Shareholder's funds 46,244 40,996
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B A Davies
Director
Approved by the board on 31 January 2024
Bengman Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 25% straight line
Fixtures & fittings 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Computer equipment Fixtures & fittings Total
£ £ £
Cost
At 1 January 2023 1,169 1,151 2,320
At 31 December 2023 1,169 1,151 2,320
Depreciation
At 1 January 2023 1,169 1,151 2,320
At 31 December 2023 1,169 1,151 2,320
Net book value
At 31 December 2023 - - -
4 Debtors 2023 2022
£ £
Other debtors 90,000 82,760
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other taxes and social security costs 48,262 47,094
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 24,658 29,087
7 Controlling party
The company is controlled by B A Davies.
8 Other information
Bengman Limited is a private company limited by shares and incorporated in England. Its registered office is:
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
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