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REGISTERED NUMBER: SC201368 (Scotland)












Financial Statements

for the Year Ended 30 November 2023

for

Benston Motor Engineers Limited

Benston Motor Engineers Limited (Registered number: SC201368)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Benston Motor Engineers Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: J Gillespie





REGISTERED OFFICE: Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU





REGISTERED NUMBER: SC201368 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

Benston Motor Engineers Limited (Registered number: SC201368)

Statement of Financial Position
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 124,878 134,017
Investment property 6 496,989 496,989
621,867 631,006

CURRENT ASSETS
Stocks 5,000 136,000
Debtors 7 296,413 321,474
Cash at bank and in hand 315,236 500,763
616,649 958,237
CREDITORS
Amounts falling due within one year 8 202,035 168,291
NET CURRENT ASSETS 414,614 789,946
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,036,481

1,420,952

CAPITAL AND RESERVES
Called up share capital 60 60
Capital redemption reserve 50 50
Retained earnings 1,036,371 1,420,842
SHAREHOLDERS' FUNDS 1,036,481 1,420,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Benston Motor Engineers Limited (Registered number: SC201368)

Statement of Financial Position - continued
30 November 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 6 August 2024 and were signed by:





J Gillespie - Director


Benston Motor Engineers Limited (Registered number: SC201368)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Benston Motor Engineers Limited 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.

Going concern
The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Turnover from automotive repairs is recognised once an individual job has been completed.

Revenue derived from the provision of rental services is recognised in the reporting period in which the rendering of the services can be reliably measured.

All revenue excludes value added tax and trade discounts.

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 the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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


Benston Motor Engineers Limited (Registered number: SC201368)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 12 ) .

Benston Motor Engineers Limited (Registered number: SC201368)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 170,000
AMORTISATION
At 1 December 2022
and 30 November 2023 170,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2022 106,676 111,803 58,123
Additions - 7,945 -
At 30 November 2023 106,676 119,748 58,123
DEPRECIATION
At 1 December 2022 37,277 107,655 34,261
Charge for year 2,134 2,418 3,579
At 30 November 2023 39,411 110,073 37,840
NET BOOK VALUE
At 30 November 2023 67,265 9,675 20,283
At 30 November 2022 69,399 4,148 23,862

Benston Motor Engineers Limited (Registered number: SC201368)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 159,128 4,139 439,869
Additions - 300 8,245
At 30 November 2023 159,128 4,439 448,114
DEPRECIATION
At 1 December 2022 122,520 4,139 305,852
Charge for year 9,153 100 17,384
At 30 November 2023 131,673 4,239 323,236
NET BOOK VALUE
At 30 November 2023 27,455 200 124,878
At 30 November 2022 36,608 - 134,017

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 616,032
DEPRECIATION
At 1 December 2022
and 30 November 2023 119,043
NET BOOK VALUE
At 30 November 2023 496,989
At 30 November 2022 496,989

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 500
Other debtors 296,413 320,974
296,413 321,474

Benston Motor Engineers Limited (Registered number: SC201368)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 58,162 59,539
Taxation and social security 112,037 92,605
Other creditors 31,836 16,147
202,035 168,291