Registered number
09856119
Benussi Skimmers Limited
Report and Accounts
29 October 2023
Accountancy 4 Wealth Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
Benussi Skimmers Limited
Registered number: 09856119
Balance Sheet
as at 29 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,456 -
Current assets
Debtors 4 62,180 98,067
Creditors: amounts falling due within one year 5 (62,135) (93,668)
Net current assets 45 4,399
Total assets less current liabilities 5,501 4,399
Provisions for liabilities (2,073) -
Net assets 3,428 4,399
Capital and reserves
Called up share capital 1 1
Profit and loss account 3,427 4,398
Shareholders' funds 3,428 4,399
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
Benussi Skimmers 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:
Fixtures, fittings, tools and equipment 15% reducing balance
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 6,419
At 29 October 2023 6,419
Depreciation
Charge for the year 963
At 29 October 2023 963
Net book value
At 29 October 2023 5,456
4 Debtors 2023 2022
£ £
Trade debtors 62,180 25,366
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 72,701
62,180 98,067
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 5,145 5,149
Trade creditors 26,331 13,660
Amounts owed to group undertakings and undertakings in which the company has a participating interest 30,007 -
Corporation tax 152 4,075
Other creditors 500 70,784
62,135 93,668
6 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.
7 Controlling party
The company is 100% owned by A.D.L.Z. (Benussi) Ltd, a company incorporated in the UK and under the control of Mr J Benussi.
Benussi Skimmers Limited 09856119 false 2022-10-30 2023-10-29 2023-10-29 VT Final Accounts April 2022 John Benussi No description of principal activity 09856119 2021-10-30 2022-10-29 09856119 core:WithinOneYear 2022-10-29 09856119 core:ShareCapital 2022-10-29 09856119 core:RetainedEarningsAccumulatedLosses 2022-10-29 09856119 2022-10-30 2023-10-29 09856119 bus:PrivateLimitedCompanyLtd 2022-10-30 2023-10-29 09856119 bus:AuditExemptWithAccountantsReport 2022-10-30 2023-10-29 09856119 bus:Director40 2022-10-30 2023-10-29 09856119 core:PlantMachinery 2022-10-30 2023-10-29 09856119 bus:FRS102 2022-10-30 2023-10-29 09856119 bus:FullAccounts 2022-10-30 2023-10-29 09856119 2023-10-29 09856119 core:WithinOneYear 2023-10-29 09856119 core:ShareCapital 2023-10-29 09856119 core:RetainedEarningsAccumulatedLosses 2023-10-29 09856119 core:PlantMachinery 2023-10-29 09856119 2022-10-29 iso4217:GBP xbrli:pure