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Registration number: 08851540

Benco Supplies Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

Pages for filing with Registrar

 

Benco Supplies Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Benco Supplies Limited

Company Information

Directors

P Slater

T Webster

Company secretary

S Aldridge

Registered office

159 Merlin Park
Portishead
Bristol
BS20 8RL

Registered number

08851540

Accountants

Corrigan Accountants Limited
1st Floor
25 King Street
Bristol
BS1 4PB

 

Benco Supplies Limited

(Registration number: 08851540)
Balance Sheet as at 30 April 2024

Note

2024
£

As restated
2023
£

Current assets

 

Stocks

6,000

6,602

Debtors

5

97,470

385,017

Cash at bank and in hand

 

238,684

73,915

 

342,154

465,534

Creditors: Amounts falling due within one year

6

(9,648)

(116,176)

Net assets

 

332,506

349,358

Capital and reserves

 

Called up share capital

7

2

2

Profit and loss account

332,504

349,356

Total equity

 

332,506

349,358

 

Benco Supplies Limited

(Registration number: 08851540)
Balance Sheet as at 30 April 2024

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 28 August 2024 and signed on its behalf by:
 

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

P Slater
Director

 

Benco Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
159 Merlin Park
Portishead
Bristol
BS20 8RL
England

2

Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future. The directors have indicated their willingness to continue to support the company and accordingly the accounts have been prepared on the basis that the company is a going concern.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

 

Benco Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tangible fixed assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Plant and machinery

over 5 years

Vehicles

over 4 years

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank.

Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured at cost less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are recognised initially at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash received or receivable.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Benco Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible fixed assets

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost

At 1 May 2023

3,000

6,288

9,288

At 30 April 2024

3,000

6,288

9,288

Depreciation

At 1 May 2023

3,000

6,288

9,288

At 30 April 2024

3,000

6,288

9,288

Carrying amount

At 30 April 2024

-

-

-

At 30 April 2023

-

-

-

 

Benco Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Debtors: amounts falling due within one year

Note

2024
£

As restated
2023
£

Trade debtors

 

60

60

Amounts owed by group undertakings

85,847

-

Other debtors

 

11,563

11,307

Directors' loan accounts

 

-

282,000

Corporation tax

 

-

91,650

 

97,470

385,017

6

Creditors

2024
£

2023
£

Amounts falling due within one year

Trade creditors

534

176

Amounts owed to group undertakings

-

13,500

Other creditors

-

1,653

Accruals

2,500

1,500

Corporation tax

6,614

99,347

9,648

116,176

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2