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
Ben Spence Ltd
Company Information
for the year ended 31 January 2024
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
Ben Spence Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
191,235
142,387
Cash at bank and in hand
227,812
227,441
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
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
Ben Spence Ltd
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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
At 31 January 2024
105,896
85,339
191,235
At 31 January 2023
128,705
13,682
142,387
Ben Spence Ltd
Notes to the Accounts
for the year ended 31 January 2024
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
Taxes and social security
12,113
34,068
Loans from directors
9,403
488
7
Creditors: amounts falling due after more than one year
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).