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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
Page
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Benn Upper Ltd Company Information for the year ended 31 December 2023
Director
Ioan Benzar
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
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Benn Upper Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,910 
6,198 
Current assets
Inventories
2,334 
2,789 
Debtors
89,951 
44,298 
Cash at bank and in hand
14,555 
6,090 
106,840 
53,177 
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)
Capital and reserves
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
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Benn Upper Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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.
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
Government grants
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.
Presentation currency
The accounts are presented in £ sterling.
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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 
Additions
6,000 
349 
6,349 
Disposals
(6,000)
- 
(6,000)
At 31 December 2023
5,800 
6,819 
12,619 
Depreciation
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 
Net book value
At 31 December 2023
1,834 
3,076 
4,910 
At 31 December 2022
2,446 
3,752 
6,198 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
38,000 
- 
Other debtors
51,951 
44,298 
89,951 
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 
Other creditors
- 
1,349 
Accruals
918 
1,054 
86,798 
43,175 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
35,593 
41,577 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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