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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
Page
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BEN ARGENT KITCHENS LIMITED Company Information for the year ended 31 July 2023
Director
Benjamin Argent
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
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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
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BEN ARGENT KITCHENS LIMITED Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
25,166 
35,614 
Current assets
Inventories
30,653 
21,148 
Debtors
24,356 
47,968 
Cash at bank and in hand
25,105 
100,341 
80,114 
169,457 
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
Deferred tax
(4,782)
- 
Net assets
21,631 
51,802 
Capital and reserves
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
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BEN ARGENT KITCHENS LIMITED Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
Leased assets
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.
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BEN ARGENT KITCHENS LIMITED Notes to the Accounts for the year ended 31 July 2023
Deferred taxation
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 
Additions
- 
- 
1,761 
1,761 
At 31 July 2023
20,991 
41,019 
1,761 
63,771 
Depreciation
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 
Net book value
At 31 July 2023
12,594 
11,056 
1,516 
25,166 
At 31 July 2022
18,620 
16,994 
- 
35,614 
5
Inventories
2023 
2022 
£ 
£ 
Raw materials
30,653 
21,148 
30,653 
21,148 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
21,802 
36,264 
Accrued income and prepayments
- 
9,467 
Other debtors
2,554 
2,237 
24,356 
47,968 
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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 
£ 
£ 
VAT
- 
21,324 
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 
Other creditors
- 
2,096 
Accruals
1,500 
2,308 
Deferred income
2,850 
3,750 
33,244 
61,280 
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 
45,623 
91,989 
9
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
4,782 
- 
2023 
2022 
£ 
£ 
Charged to the profit and loss account
4,782 
- 
Provision at end of year
4,782 
- 
10
Share capital
2023 
2022 
£ 
£ 
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).
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