Company Registration No. 10541308 (England and Wales)
Benn Upper Ltd
Unaudited accounts
for the year ended 31 December 2023
Benn Upper Ltd
Unaudited accounts
Contents
Benn Upper Ltd
Company Information
for the year ended 31 December 2023
Company Number
10541308 (England and Wales)
Registered Office
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
Accountants
Abacus Accounting Solutions Ltd
5 Pasture Close
North Wembley
Middlesex
HA0 3JE
Benn Upper Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
4,910
6,198
Cash at bank and in hand
14,555
6,090
Creditors: amounts falling due within one year
(86,798)
(43,175)
Net current assets
20,042
10,002
Total assets less current liabilities
24,952
16,200
Creditors: amounts falling due after more than one year
(35,593)
(41,577)
Net liabilities
(10,641)
(25,377)
Called up share capital
1
1
Profit and loss account
(10,642)
(25,378)
Shareholders' funds
(10,641)
(25,377)
For the year ending 31 December 2023 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
Ioan Benzar
Director
Company Registration No. 10541308
Benn Upper Ltd
Notes to the Accounts
for the year ended 31 December 2023
Benn Upper Ltd is a private company, limited by shares, registered in England and Wales, registration number 10541308. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. 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
Computer equipment
25% Reducing balance
Grants receivable
Business grants are credited to profit and loss account on an accruals basis where it is probable that they will be received.
Government assisted loans
Loans received through the Bounce Back Loan Scheme (BBLS) or the Coronavirus Business Interruption Loan Scheme (CBILS) are accounted for on the date the funds are received by the company. The first twelve months of the interest charge, which is funded by the government, is recognised in the profit and loss account as both an interest charge and as a government grant receivable.
The accounts are presented in £ sterling.
Benn Upper Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
5,800
6,470
12,270
Disposals
(6,000)
-
(6,000)
At 31 December 2023
5,800
6,819
12,619
At 1 January 2023
3,354
2,718
6,072
Charge for the year
612
1,025
1,637
At 31 December 2023
3,966
3,743
7,709
At 31 December 2023
1,834
3,076
4,910
At 31 December 2022
2,446
3,752
6,198
Amounts falling due within one year
Other debtors
51,951
44,298
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,984
5,836
Taxes and social security
79,896
34,936
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).