Registration number:
Benco Supplies Limited
for the Year Ended 30 April 2024
Pages for filing with Registrar
Benco Supplies Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Benco Supplies Limited
Company Information
Directors |
P Slater T Webster |
Company secretary |
S Aldridge |
Registered office |
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Registered number |
08851540 |
Accountants |
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Benco Supplies Limited
(Registration number: 08851540)
Balance Sheet as at 30 April 2024
Note |
2024 |
As restated |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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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:
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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
.........................................
Director
Benco Supplies Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024
Statutory information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Benco Supplies Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024
Tangible fixed assets |
Motor vehicles |
Plant and machinery |
Total |
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Cost |
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At 1 May 2023 |
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At 30 April 2024 |
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Depreciation |
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At 1 May 2023 |
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At 30 April 2024 |
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Carrying amount |
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At 30 April 2024 |
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At 30 April 2023 |
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- |
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Benco Supplies Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024
Debtors: amounts falling due within one year |
Note |
2024 |
As restated |
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Trade debtors |
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Amounts owed by group undertakings |
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- |
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Other debtors |
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Directors' loan accounts |
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282,000 |
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Corporation tax |
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91,650 |
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Creditors |
2024 |
2023 |
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Amounts falling due within one year |
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Trade creditors |
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Amounts owed to group undertakings |
- |
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Other creditors |
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Accruals |
2,500 |
1,500 |
Corporation tax |
6,614 |
99,347 |
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Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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2 |
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2 |