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Company Registration No. 5666589 (England and Wales)
Ben Spence Ltd Unaudited accounts for the year ended 31 January 2024
Ben Spence Ltd Unaudited accounts Contents
Page
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Ben Spence Ltd Company Information for the year ended 31 January 2024
Director
Benedict Spence
Company Number
5666589 (England and Wales)
Registered Office
26 Colvestone Crescent London London E8 2LH England
Accountants
David Meyer FCCA 2 Downage London NW4 1AA
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Ben Spence Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
191,235 
142,387 
Current assets
Debtors
9,774 
16,109 
Cash at bank and in hand
227,812 
227,441 
237,586 
243,550 
Creditors: amounts falling due within one year
(45,344)
(56,735)
Net current assets
192,242 
186,815 
Total assets less current liabilities
383,477 
329,202 
Creditors: amounts falling due after more than one year
(14,248)
(24,237)
Net assets
369,229 
304,965 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
369,129 
304,865 
Shareholders' funds
369,229 
304,965 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 September 2024 and were signed on its behalf by
Benedict Spence Director Company Registration No. 5666589
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Ben Spence Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Ben Spence Ltd is a private company, limited by shares, registered in England and Wales, registration number 5666589. The registered office is 26 Colvestone Crescent, London, London, E8 2LH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
700,195 
76,873 
777,068 
Additions
12,489 
113,785 
126,274 
Disposals
- 
(76,873)
(76,873)
At 31 January 2024
712,684 
113,785 
826,469 
Depreciation
At 1 February 2023
571,490 
63,191 
634,681 
Charge for the year
35,298 
28,446 
63,744 
On disposals
- 
(63,191)
(63,191)
At 31 January 2024
606,788 
28,446 
635,234 
Net book value
At 31 January 2024
105,896 
85,339 
191,235 
At 31 January 2023
128,705 
13,682 
142,387 
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Ben Spence Ltd Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,774 
16,109 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
13,828 
12,179 
Taxes and social security
12,113 
34,068 
Loans from directors
9,403 
488 
45,344 
56,735 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
14,248 
24,237 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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