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Registered Number: SC644447
Scotland

 

 

 

BENK MULTISECTOR LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 November 2022

End date: 31 October 2023
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 October 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

31 October 2023



....................................................



31 July 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3   (4)
Tangible fixed assets 4 1,729    1,234 
Investments 5 150,016    3,016 
151,745    4,246 
Current assets      
Debtors   1,729 
Cash at bank and in hand 29,774    970 
29,774    2,699 
Creditors: amount falling due within one year (500)   (300)
Net current assets 29,274    2,399 
 
Total assets less current liabilities 181,019    6,645 
Creditors: amount falling due after more than one year (197,671)   (25,571)
Net assets (16,652)   (18,926)
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (16,752)   (19,026)
Shareholders' funds (16,652)   (18,926)
 


For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 31 July 2024 and were signed by:


-------------------------------
Esio Nkitma BASSEY
Director
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General Information
Benk Multisector Limited is a private company, limited by shares, registered in Scotland, registration number SC644447, registration address Suite 2/3, 2nd Floor , 48 West George Street, Glasgow, Scotland, G2 1BP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Software License
Software License is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the Software License of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Intangible fixed assets

Cost Software License   Total
  £   £
At 01 November 2022 166    166 
Additions  
Disposals  
At 31 October 2023 166    166 
Amortisation
At 01 November 2022 166    166 
Charge for year  
On disposals  
At 31 October 2023 166    166 
Net book values
At 31 October 2023  
At 31 October 2022  


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 November 2022 1,012    1,543    2,555 
Additions 1,402      1,402 
Disposals    
At 31 October 2023 2,414    1,543    3,957 
Depreciation
At 01 November 2022 610    711    1,321 
Charge for year 402    505    907 
On disposals    
At 31 October 2023 1,012    1,216    2,228 
Net book values
Closing balance as at 31 October 2023 1,402    327    1,729 
Opening balance as at 01 November 2022 402    832    1,234 


5.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 November 2022  
Additions 147,000    147,000 
Transfer to/from tangible fixed assets  
Disposals  
At 31 October 2023 147,000    147,000 

3