0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 08036757 2022-10-01 2023-09-30 08036757 2023-09-30 08036757 2022-09-30 08036757 2021-10-01 2022-09-30 08036757 2022-09-30 08036757 2021-09-30 08036757 core:NetGoodwill 2022-10-01 2023-09-30 08036757 bus:Director1 2022-10-01 2023-09-30 08036757 core:WithinOneYear 2023-09-30 08036757 core:WithinOneYear 2022-09-30 08036757 core:ShareCapital 2023-09-30 08036757 core:ShareCapital 2022-09-30 08036757 core:RetainedEarningsAccumulatedLosses 2023-09-30 08036757 core:RetainedEarningsAccumulatedLosses 2022-09-30 08036757 bus:Director1 2021-09-30 08036757 bus:Director1 2022-09-30 08036757 bus:Director1 2021-10-01 2022-09-30 08036757 bus:SmallEntities 2022-10-01 2023-09-30 08036757 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 08036757 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 08036757 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 08036757 bus:AbridgedAccounts 2022-10-01 2023-09-30
COMPANY REGISTRATION NUMBER: 08036757
D F Benn Limited T/as Princes Street Garage Ltd
Filleted Unaudited Abridged Financial Statements
30 September 2023
D F Benn Limited T/as Princes Street Garage Ltd
Abridged Statement of Financial Position
30 September 2023
2023
2022
Note
£
£
£
Creditors: amounts falling due within one year
11,276
11,276
--------
--------
Net current liabilities
11,276
11,276
--------
--------
Total assets less current liabilities
( 11,276)
( 11,276)
--------
--------
Net liabilities
( 11,276)
( 11,276)
--------
--------
D F Benn Limited T/as Princes Street Garage Ltd
Abridged Statement of Financial Position (continued)
30 September 2023
2023
2022
Note
£
£
£
Capital and reserves
Called up share capital
3
3
Profit and loss account
( 11,279)
( 11,279)
--------
--------
Shareholders deficit
( 11,276)
( 11,276)
--------
--------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 30th September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30th September 2023 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the board of directors and authorised for issue on 19 September 2024 , and are signed on behalf of the board by:
Mr D F Benn
Director
Company registration number: 08036757
D F Benn Limited T/as Princes Street Garage Ltd
Notes to the Abridged Financial Statements
Year ended 30th September 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Milburn House, 3 Oxford Street, Workington, CA14 2AL, Cumbria.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires the use of estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. Any estimate that has a degree of uncertainty or where judgement has been exercise in a particular area is expressly disclosed within the relevant accounting policy.
(c) Taxation
Deferred tax is provided on the liability method in respect of all timing differences that have originated but not reversed at the balance sheet date.
(d) Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
5% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
(e) Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
(f) Financial instruments
The only financial instruments in issue are ordinary shares which are classified as equity.
4. Intangible assets
£
Cost
At 1st October 2022 and 30th September 2023
21,200
--------
Amortisation
At 1st October 2022 and 30th September 2023
21,200
--------
Carrying amount
At 30th September 2023
--------
At 30th September 2022
--------
5. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr D F Benn
----
----
----
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr D F Benn
9,936
( 1,043)
8,893
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-------
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