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REGISTERED NUMBER: 07129841 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BENINCA AUTOMATION UK LIMITED

BENINCA AUTOMATION UK LIMITED (REGISTERED NUMBER: 07129841)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BENINCA AUTOMATION UK LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTORS: L Beninca
S Beninca





REGISTERED OFFICE: Unit 4, Plenty Close
Hambridge Road
Newbury
Berkshire
RG14 5RL





REGISTERED NUMBER: 07129841 (England and Wales)





AUDITORS: Banks & Co Limited
Chartered Certified Accountants
1 Carnegie Road
Newbury
Berkshire
RG14 5DJ

BENINCA AUTOMATION UK LIMITED (REGISTERED NUMBER: 07129841)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 123,462 113,125

CURRENT ASSETS
Stocks 853,865 1,143,233
Debtors 5 824,893 931,160
Cash at bank 227,566 342,054
1,906,324 2,416,447
CREDITORS
Amounts falling due within one year 6 793,442 1,291,283
NET CURRENT ASSETS 1,112,882 1,125,164
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,236,344

1,238,289

PROVISIONS FOR LIABILITIES 8,681 11,325
NET ASSETS 1,227,663 1,226,964

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,227,563 1,226,864
SHAREHOLDERS' FUNDS 1,227,663 1,226,964

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 Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:





L Beninca - Director


BENINCA AUTOMATION UK LIMITED (REGISTERED NUMBER: 07129841)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

Beninca Automation UK Limited is a private company, limited by shares, registered in England & Wales. The company's registered number is 07129841 and its registered office address is Unit 4, Plenty Close, Hambridge Road, Newbury, Berkshire, RG14 5RL

The presentation currency of the financial statements is the GB pound (£).

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax as a result of the sale entry systems and controls. A sale is identified upon delivery of the product.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on cost
Plant and machinery - 33% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 33% on cost
Computer equipment - 33% on cost

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

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

BENINCA AUTOMATION UK LIMITED (REGISTERED NUMBER: 07129841)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 204,907 2,759 34,469
Additions 15,543 - 9,965
At 31 December 2023 220,450 2,759 44,434
DEPRECIATION
At 1 January 2023 107,109 2,755 25,655
Charge for year 32,873 - 5,818
At 31 December 2023 139,982 2,755 31,473
NET BOOK VALUE
At 31 December 2023 80,468 4 12,961
At 31 December 2022 97,798 4 8,814

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 - 46,127 288,262
Additions 28,500 4,968 58,976
At 31 December 2023 28,500 51,095 347,238
DEPRECIATION
At 1 January 2023 - 39,618 175,137
Charge for year 5,486 4,462 48,639
At 31 December 2023 5,486 44,080 223,776
NET BOOK VALUE
At 31 December 2023 23,014 7,015 123,462
At 31 December 2022 - 6,509 113,125

BENINCA AUTOMATION UK LIMITED (REGISTERED NUMBER: 07129841)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 731,332 649,873
Amounts owed by group undertakings 2,960 -
Other debtors 36,771 227,457
771,063 877,330

Amounts falling due after more than one year:
Other debtors 53,830 53,830

Aggregate amounts 824,893 931,160

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 90,905 90,230
Amounts owed to group undertakings 339,862 846,935
Taxation and social security 223,597 188,211
Other creditors 139,078 165,907
793,442 1,291,283

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 3,604 2,082
Between one and five years 269,200 376,880
272,804 378,962

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

R M L Taylor FCCA (Senior Statutory Auditor)
for and on behalf of Banks & Co Limited

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

BENINCA AUTOMATION UK LIMITED (REGISTERED NUMBER: 07129841)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023

11. ULTIMATE CONTROLLING PARTY

The controlling party is Automatismi Beninca S.p.A.

The ultimate controlling party is Beninca Holding S.p.A.

Both the controlling and ultimate controlling parties are incorporated in Italy.

Copies of the group accounts can be obtained from the Camero di Commercio Industria Artigianato ed Agricoltura di Vicenza Registro imprese Archivio ufficiale CCIAA at Via Montale 17, 36100 Vicenza, Italy.