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REGISTERED NUMBER: 13671438 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Ben-Efit Performance Ltd

Ben-Efit Performance Ltd (Registered number: 13671438)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ben-Efit Performance Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: B Wright





SECRETARY:





REGISTERED OFFICE: Unit 5a & 6a Charmwood Lane
Orpington
BR6 7SA





REGISTERED NUMBER: 13671438 (England and Wales)





ACCOUNTANTS: GPW Accountancy Ltd
74 Evelyn Road
Otford
Sevenoaks
Kent
TN14 5PU

Ben-Efit Performance Ltd (Registered number: 13671438)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,500 6,000
Tangible assets 5 20,411 16,470
24,911 22,470

CURRENT ASSETS
Stocks 40,216 37,680
Debtors 6 260 864
Cash at bank 9,060 11,087
49,536 49,631
CREDITORS
Amounts falling due within one year 7 23,141 23,939
NET CURRENT ASSETS 26,395 25,692
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,306

48,162

CREDITORS
Amounts falling due after more than
one year

8

(2,500

)

(12,642

)

PROVISIONS FOR LIABILITIES (2,611 ) (2,254 )
NET ASSETS 46,195 33,266

Ben-Efit Performance Ltd (Registered number: 13671438)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 2 2
Share premium 7,499 7,499
Retained earnings 38,694 25,765
SHAREHOLDERS' FUNDS 46,195 33,266

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 29 April 2024 and were signed by:





B Wright - Director


Ben-Efit Performance Ltd (Registered number: 13671438)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Ben-Efit Performance Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

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.

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 - 25% 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.

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.


Ben-Efit Performance Ltd (Registered number: 13671438)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 7,500
AMORTISATION
At 1 April 2023 1,500
Charge for year 1,500
At 31 March 2024 3,000
NET BOOK VALUE
At 31 March 2024 4,500
At 31 March 2023 6,000

Ben-Efit Performance Ltd (Registered number: 13671438)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 21,980
Additions 13,189
Disposals (899 )
At 31 March 2024 34,270
DEPRECIATION
At 1 April 2023 5,510
Charge for year 8,574
Eliminated on disposal (225 )
At 31 March 2024 13,859
NET BOOK VALUE
At 31 March 2024 20,411
At 31 March 2023 16,470

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 260 864

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 4,956 7,324
Trade creditors 4,604 5,856
Taxation and social security 10,130 8,370
Other creditors 3,451 2,389
23,141 23,939

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 2,500 12,642

Ben-Efit Performance Ltd (Registered number: 13671438)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary 1 2 2

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Other creditors includes a balance owing to Mr B Wright, a director of the company, in
respect of an interest free loan made to the company of £25.(2023: £14) repayable on
demand.