Company Registration No. 12072457 (England and Wales)
BEN ARGENT KITCHENS LIMITED
Unaudited accounts
for the year ended 31 July 2023
BEN ARGENT KITCHENS LIMITED
Unaudited accounts
Contents
BEN ARGENT KITCHENS LIMITED
Company Information
for the year ended 31 July 2023
Company Number
12072457 (England and Wales)
Registered Office
ELM HOUSE 10 FOUNTAIN COURT
NEW LEAZE
BRADLEY STOKE
BRISTOL
BS32 4LA
UNITED KINGDOM
Accountants
Evans Entwistle
10 Fountain Court, Elm House
New Leaze
Bradley Stoke
Bristol
BS32 4LA
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
BEN ARGENT KITCHENS LIMITED
for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of BEN ARGENT KITCHENS LIMITED for the year ended 31 July 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
10 Fountain Court, Elm House
New Leaze
Bradley Stoke
Bristol
BS32 4LA
9 January 2024
BEN ARGENT KITCHENS LIMITED
Statement of financial position
as at 31 July 2023
Tangible assets
25,166
35,614
Cash at bank and in hand
25,105
100,341
Creditors: amounts falling due within one year
(33,244)
(61,280)
Net current assets
46,870
108,177
Total assets less current liabilities
72,036
143,791
Creditors: amounts falling due after more than one year
(45,623)
(91,989)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
21,531
51,702
Shareholders' funds
21,631
51,802
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 January 2023 and were signed on its behalf by
Benjamin Argent
Director
Company Registration No. 12072457
BEN ARGENT KITCHENS LIMITED
Notes to the Accounts
for the year ended 31 July 2023
BEN ARGENT KITCHENS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12072457. The registered office is ELM HOUSE 10 FOUNTAIN COURT, NEW LEAZE, BRADLEY STOKE, BRISTOL, BS32 4LA, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
5 years - straight line
Fixtures & fittings
5 years - straight line
Computer equipment
3 years - straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
BEN ARGENT KITCHENS LIMITED
Notes to the Accounts
for the year ended 31 July 2023
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
20,991
41,019
-
62,010
At 31 July 2023
20,991
41,019
1,761
63,771
At 1 August 2022
2,371
24,025
-
26,396
Charge for the year
6,026
5,938
245
12,209
At 31 July 2023
8,397
29,963
245
38,605
At 31 July 2023
12,594
11,056
1,516
25,166
At 31 July 2022
18,620
16,994
-
35,614
Raw materials
30,653
21,148
Amounts falling due within one year
Trade debtors
21,802
36,264
Accrued income and prepayments
-
9,467
BEN ARGENT KITCHENS LIMITED
Notes to the Accounts
for the year ended 31 July 2023
7
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
2,635
10,978
Trade creditors
20,341
9,165
Taxes and social security
5,918
11,659
Deferred income
2,850
3,750
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
5,708
-
Loans from directors
39,915
91,989
9
Deferred taxation
2023
2022
Accelerated capital allowances
4,782
-
Charged to the profit and loss account
4,782
-
Provision at end of year
4,782
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Average number of employees
During the year the average number of employees was 2 (2022: 2).