1 30/11/2023 2023-11-30 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-12-01 Sage Accounts Production 23.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 09149817 2022-12-01 2023-11-30 09149817 2023-11-30 09149817 2022-11-30 09149817 2021-12-01 2022-11-30 09149817 2022-11-30 09149817 2021-11-30 09149817 core:MotorVehicles 2022-12-01 2023-11-30 09149817 bus:RegisteredOffice 2022-12-01 2023-11-30 09149817 bus:LeadAgentIfApplicable 2022-12-01 2023-11-30 09149817 bus:Director1 2022-12-01 2023-11-30 09149817 core:MotorVehicles 2022-11-30 09149817 core:MotorVehicles 2023-11-30 09149817 core:AfterOneYear 2023-11-30 09149817 core:AfterOneYear 2022-11-30 09149817 core:WithinOneYear 2023-11-30 09149817 core:WithinOneYear 2022-11-30 09149817 bus:AllOrdinaryShares 2022-12-01 2023-11-30 09149817 bus:AllOrdinaryShares 2021-12-01 2022-11-30 09149817 core:ShareCapital 2023-11-30 09149817 core:ShareCapital 2022-11-30 09149817 core:RetainedEarningsAccumulatedLosses 2023-11-30 09149817 core:RetainedEarningsAccumulatedLosses 2022-11-30 09149817 core:DeferredTaxation 2022-12-01 2023-11-30 09149817 core:MotorVehicles 2022-11-30 09149817 core:DeferredTaxation 2022-11-30 09149817 core:DeferredTaxation 2023-11-30 09149817 bus:Director1 2022-11-30 09149817 bus:Director1 2023-11-30 09149817 bus:Director1 2021-11-30 09149817 bus:Director1 2022-11-30 09149817 bus:Director1 2021-12-01 2022-11-30 09149817 bus:SmallEntities 2022-12-01 2023-11-30 09149817 bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 09149817 bus:FullAccounts 2022-12-01 2023-11-30 09149817 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 09149817 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30
Company registration number: 09149817
Bentley Contracts Ltd
Unaudited filleted financial statements
30 November 2023
Bentley Contracts Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Bentley Contracts Ltd
Directors and other information
Director Mr R Bentley
Company number 09149817
Registered office 147 Broadway
Manchester
M40 3NW
Accountant JP Gallagher & Co
106 Moston Lane East
Manchester
M40 3QL
Bentley Contracts Ltd
Statement of financial position
30 November 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 6 17,540 14,376
_______ _______
17,540 14,376
Current assets
Debtors 7 18,421 32,801
Cash at bank and in hand 8,477 3,046
_______ _______
26,898 35,847
Creditors: amounts falling due
within one year 8 ( 23,809) ( 18,668)
_______ _______
Net current assets 3,089 17,179
_______ _______
Total assets less current liabilities 20,629 31,555
Creditors: amounts falling due
after more than one year 9 ( 10,006) ( 13,505)
Provisions for liabilities 10 ( 3,333) ( 2,731)
_______ _______
Net assets 7,290 15,319
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 7,289 15,318
_______ _______
Shareholder funds 7,290 15,319
_______ _______
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 15 August 2024 , and are signed on behalf of the board by:
Mr R Bentley
Director
Company registration number: 09149817
Bentley Contracts Ltd
Notes to the financial statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 147 Broadway, Manchester, M40 3NW.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4. Staff costs
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
The aggregate payroll costs incurred during the year were:
2023 2022
£ £
Wages and salaries 12,348 9,143
_______ _______
5. Dividends
Equity dividends
2023 2022
£ £
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year) 25,000 28,000
_______ _______
6. Tangible assets
Motor vehicles Total
£ £
Cost
At 1 December 2022 22,446 22,446
Additions 20,045 20,045
Disposals ( 22,446) ( 22,446)
_______ _______
At 30 November 2023 20,045 20,045
_______ _______
Depreciation
At 1 December 2022 8,070 8,070
Charge for the year 2,505 2,505
Disposals ( 8,070) ( 8,070)
_______ _______
At 30 November 2023 2,505 2,505
_______ _______
Carrying amount
At 30 November 2023 17,540 17,540
_______ _______
At 30 November 2022 14,376 14,376
_______ _______
7. Debtors
2023 2022
£ £
Trade debtors 6,676 22,282
Other debtors 11,745 10,519
_______ _______
18,421 32,801
_______ _______
8. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 554 2,285
Corporation tax 3,316 10,626
Other creditors 19,939 5,757
_______ _______
23,809 18,668
_______ _______
9. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans and overdrafts 10,006 13,505
_______ _______
10. Provisions
Deferred tax (note ) Total
£ £
At 1 December 2022 2,731 2,731
Charges against provisions 602 602
_______ _______
At 30 November 2023 3,333 3,333
_______ _______
11. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr R Bentley ( 212) ( 16,927) ( 17,139)
_______ _______ _______
2022
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr R Bentley ( 362) 150 ( 212)
_______ _______ _______