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REGISTERED NUMBER: SC579484 (Scotland)




















Bento Express UK Ltd

Unaudited Financial Statements

for the Year Ended 31 October 2023






Bento Express UK Ltd (Registered number: SC579484)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bento Express UK Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr J Liu



REGISTERED OFFICE: 17 Campbell Road
Edinburgh
Midlothian
EH12 6DT



REGISTERED NUMBER: SC579484 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Barclays
72-74 George Street
Edinburgh
EH2 3BX

Bento Express UK Ltd (Registered number: SC579484)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 43,709 48,566
Tangible assets 5 108,703 59,780
152,412 108,346

CURRENT ASSETS
Stocks 24,000 20,000
Debtors 6 35,658 335,919
Cash at bank and in hand 170,625 490,101
230,283 846,020
CREDITORS
Amounts falling due within one year 7 90,904 70,039
NET CURRENT ASSETS 139,379 775,981
TOTAL ASSETS LESS CURRENT
LIABILITIES

291,791

884,327

PROVISIONS FOR LIABILITIES 27,176 14,945
NET ASSETS 264,615 869,382

CAPITAL AND RESERVES
Called up share capital 9 201 201,000
Retained earnings 264,414 668,382
264,615 869,382

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Bento Express UK Ltd (Registered number: SC579484)

Balance Sheet - continued
31 October 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 March 2024 and were signed by:





Mr J Liu - Director


Bento Express UK Ltd (Registered number: SC579484)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Bento Express UK Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover and revenue recognition
Turnover, which represents net invoiced sales of goods, is recognised at the point when a meal is served or delivered to the customer.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Lease premium is being amortised evenly over its estimated useful life of fifteen years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Bento Express UK Ltd (Registered number: SC579484)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provision for liabilities
Provisions are recognised where the company has a present obligation as a result of a past event, it is probably the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 20 ) .

Bento Express UK Ltd (Registered number: SC579484)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2022
and 31 October 2023 72,851
AMORTISATION
At 1 November 2022 24,285
Charge for year 4,857
At 31 October 2023 29,142
NET BOOK VALUE
At 31 October 2023 43,709
At 31 October 2022 48,566

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 204,569
Additions 97,795
Disposals (106,182 )
At 31 October 2023 196,182
DEPRECIATION
At 1 November 2022 144,789
Charge for year 41,845
Eliminated on disposal (99,155 )
At 31 October 2023 87,479
NET BOOK VALUE
At 31 October 2023 108,703
At 31 October 2022 59,780

Bento Express UK Ltd (Registered number: SC579484)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 1,311 261,531
Other debtors 34,347 74,388
35,658 335,919

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,875 1,127
Amounts owed to group undertakings 50,000 -
Taxation and social security 25,942 53,078
Other creditors 13,087 15,834
90,904 70,039

The director's current account is unsecured, interest free and has no fixed repayment period.

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 59,500 59,500
Between one and five years 238,000 238,000
In more than five years 209,582 269,083
507,082 566,583

9. CALLED UP SHARE CAPITAL

On 14 December 2022 the company reduced the nominal value from £1 to £0.001.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Jiawei Liu.

Bento Express UK Ltd is a wholly owned subsidiary of Bento Holding UK Ltd, a company registered in Scotland and whose registered office is 17 Campbell Road, Edinburgh, Scotland, EH12 6DT.