Registered number
07950274
A.D.L.Z. (Benussi) Limited
Report and Accounts
29 October 2023
Accountancy 4 Wealth Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
A.D.L.Z. (Benussi) Limited
Registered number: 07950274
Balance Sheet
as at 29 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 184,911 184,911
Investments 4 4 4
184,915 184,915
Current assets
Debtors 5 207,825 108,782
Cash at bank and in hand 635 425
208,460 109,207
Creditors: amounts falling due within one year 6 (211,120) (125,600)
Net current liabilities (2,660) (16,393)
Net assets 182,255 168,522
Capital and reserves
Called up share capital 100 100
Profit and loss account 182,155 168,422
Shareholders' funds 182,255 168,522
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 and delivered 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.
John Benussi
Director
Approved by the board on 12 January 2024
A.D.L.Z. (Benussi) Limited
Notes to the Accounts
for the year ended 29 October 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:
Freehold buildings Nil
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 30 October 2022 184,911
At 29 October 2023 184,911
Depreciation
At 29 October 2023 -
Net book value
At 29 October 2023 184,911
At 29 October 2022 184,911
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 30 October 2022 4
At 29 October 2023 4
The company holds 20% or more of the share capital of the following companies:
Company Shares held
Class %
Russell Benussi Associates Limited 2 100
Benussi Sales Limited 1 100
Benussi Skimmers Limited 1 100
5 Debtors 2023 2022
£ £
Trade debtors 3,114 2,781
Amounts owed by group undertakings and undertakings in which the company has a participating interest 30,007 6,827
Other debtors 174,704 99,174
207,825 108,782
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,250 2,438
Amounts owed to group undertakings and undertakings in which the company has a participating interest 108,810 99,880
Corporation tax 2,492 1,132
Other taxes and social security costs 97,067 21,651
Other creditors 501 499
211,120 125,600
7 Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.
8 Controlling party
The company is controlled by the directors who are the shareholders.
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