Registered number
05483236
Benchmark Project Management (UK) Ltd
Report and Accounts
30 September 2023
Benchmark Project Management (UK) Ltd
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Accountants' report 3
Profit and loss account 4
Balance sheet 5
Statement of changes in equity 6
Notes to the accounts 7
Benchmark Project Management (UK) Ltd
Company Information
Directors
L. E. Probert
Mrs L. A. Probert
Secretary
Mrs L. A. Probert
Accountants
J & AW Sully (Clevedon) Ltd
Paramount House
2 Concorde Drive
Clevedon
North Somerset
BS21 6UH
Registered office
28 Old Street
Clevedon
BS21 6BY
Registered number
05483236
Benchmark Project Management (UK) Ltd
Registered number: 05483236
Directors' Report
The directors present their report and accounts for the year ended 30 September 2023.
Principal activities
The company's principal activity during the year continued to be project management.
Directors
The following persons served as directors during the year:
L. E. Probert
Mrs L. A. Probert
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 27 February 2024 and signed on its behalf.
L. E. Probert
Director
Benchmark Project Management (UK) Ltd
Report to the directors on the preparation of the unaudited statutory accounts of Benchmark Project Management (UK) Ltd for the year ended 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Benchmark Project Management (UK) Ltd for the year ended 30 September 2023 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
J & AW Sully (Clevedon) Ltd
Certified Accountants
Paramount House
2 Concorde Drive
Clevedon
North Somerset
BS21 6UH
27 February 2024
Benchmark Project Management (UK) Ltd
Profit and Loss Account
for the year ended 30 September 2023
2023 2022
£ £
Turnover 4,124,328 3,001,994
Cost of sales (2,651,901) (1,943,170)
Gross profit 1,472,427 1,058,824
Administrative expenses (1,398,060) (369,766)
Other operating income 6,200 422
Operating profit 80,567 689,480
Profit on the disposal of tangible fixed assets - 6,314
Interest receivable 17,462 974
Profit before taxation 98,029 696,768
Tax on profit (183,990) (133,581)
(Loss)/profit for the financial year (85,961) 563,187
Benchmark Project Management (UK) Ltd
Registered number: 05483236
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 52,033 53,096
Investments 4 300,000 -
352,033 53,096
Current assets
Debtors 5 737,929 1,378,320
Cash at bank and in hand 1,619,788 1,465,020
2,357,717 2,843,340
Creditors: amounts falling due within one year 6 (337,241) (374,100)
Net current assets 2,020,476 2,469,240
Net assets 2,372,509 2,522,336
Capital and reserves
Called up share capital 2,000 2,000
Profit and loss account 2,370,509 2,520,336
Shareholders' funds 2,372,509 2,522,336
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.
L. E. Probert
Director
Approved by the board on 27 February 2024
Benchmark Project Management (UK) Ltd
Statement of Changes in Equity
for the year ended 30 September 2023
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 October 2021 2,000 - - 2,005,449 2,007,449
Profit for the financial year 563,187 563,187
Dividends (48,300) (48,300)
At 30 September 2022 2,000 - - 2,520,336 2,522,336
At 1 October 2022 2,000 - - 2,520,336 2,522,336
Loss for the financial year (85,961) (85,961)
Dividends (63,866) (63,866)
At 30 September 2023 2,000 - - 2,370,509 2,372,509
Benchmark Project Management (UK) Ltd
Notes to the Accounts
for the year ended 30 September 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 (as applied to small entities by section 1A of the standard).
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:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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 11 11
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2022 21,559 81,540 103,099
Additions 6,281 10,000 16,281
At 30 September 2023 27,840 91,540 119,380
Depreciation
At 1 October 2022 12,153 37,850 50,003
Charge for the year 3,922 13,422 17,344
At 30 September 2023 16,075 51,272 67,347
Net book value
At 30 September 2023 11,765 40,268 52,033
At 30 September 2022 9,406 43,690 53,096
4 Investments
Other
investments
£
Cost
Additions 300,000
At 30 September 2023 300,000
5 Debtors 2023 2022
£ £
Trade debtors 733,026 637,490
Connected Company Loan - 732,500
Other debtors 4,903 8,330
737,929 1,378,320
6 Creditors: amounts falling due within one year 2023 2022
£ £
Directors Current Account - 51,442
Trade creditors 201,060 213,977
Taxation and social security costs 131,470 100,346
Other creditors 4,711 8,335
337,241 374,100
7 Other information
Benchmark Project Management (UK) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
28 Old Street
Clevedon
BS21 6BY
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