Company Registration No. 09627060 (England and Wales)
BENFIELD FIRE SAFETY LTD
ANNUAL REPORT AND UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
BENFIELD FIRE SAFETY LTD
BALANCE SHEET
AS AT
30 JUNE 2023
30 June 2023
1
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
5,842
11,609
5,842
11,609
Current assets
Debtors
4
19,960
7,642
Cash at bank and in hand
20,795
25,492
40,755
33,134
Creditors: amounts falling due within one year
5
(37,149)
(17,539)
Net current assets
3,606
15,595
Total assets less current liabilities
9,448
27,204
Creditors: amounts falling due after more than one year
6
(8,012)
(12,000)
Provisions for liabilities
(1,112)
(2,204)
Net assets
324
13,000
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
322
12,998
Total equity
324
13,000
BENFIELD FIRE SAFETY LTD
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2023
30 June 2023
2

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 19 January 2024
Mr J Sugden
Director
Company Registration No. 09627060
BENFIELD FIRE SAFETY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
3
1
Accounting policies
Company information

Benfield Fire Safety Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 7 Bournemouth Road, Chandler's Ford, Eastleigh, Hampshire, SO53 3DA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% straight line
Fixtures and fittings
33.3% straight line
Motor vehicles
25% reducing balance
Website
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

BENFIELD FIRE SAFETY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies (Continued)
4
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences between the treatment for certain items for taxation and accounting purposes. Deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

BENFIELD FIRE SAFETY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies (Continued)
5
1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
4
3
3
Tangible fixed assets
Plant and machinery etc
Website
Total
£
£
£
Cost
At 1 July 2022
55,103
3,093
58,196
Additions
291
-
0
291
At 30 June 2023
55,394
3,093
58,487
Depreciation and impairment
At 1 July 2022
43,494
3,093
46,587
Depreciation charged in the year
6,058
-
0
6,058
At 30 June 2023
49,552
3,093
52,645
Carrying amount
At 30 June 2023
5,842
-
0
5,842
At 30 June 2022
11,609
-
0
11,609
BENFIELD FIRE SAFETY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
6
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
7,728
6,020
Other debtors
12,232
1,622
19,960
7,642
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
4,001
4,000
Trade creditors
3,609
2,441
Taxation and social security
9,030
6,034
Other creditors
20,509
5,064
37,149
17,539
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
8,012
12,000
7
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Interest charged
Closing balance
£
£
£
£
Advance
2.50
-
8,971
138
9,109
-
8,971
138
9,109
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