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REGISTERED NUMBER: 09444977 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

BENJAMIN ALLEN CONSTRUCTION LTD

BENJAMIN ALLEN CONSTRUCTION LTD (REGISTERED NUMBER: 09444977)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


BENJAMIN ALLEN CONSTRUCTION LTD (REGISTERED NUMBER: 09444977)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,864 111,710

CURRENT ASSETS
Stocks 706,645 511,043
Debtors 5 291,340 446,531
Cash at bank 215,041 687,175
1,213,026 1,644,749
CREDITORS
Amounts falling due within one year 6 483,355 598,711
NET CURRENT ASSETS 729,671 1,046,038
TOTAL ASSETS LESS CURRENT
LIABILITIES

813,535

1,157,748

CREDITORS
Amounts falling due after more than one
year

7

(138,833

)

(236,833

)

PROVISIONS FOR LIABILITIES (10,280 ) (16,400 )
NET ASSETS 664,422 904,515

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 664,322 904,415
SHAREHOLDERS' FUNDS 664,422 904,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:



R E Dawson - Director


BENJAMIN ALLEN CONSTRUCTION LTD (REGISTERED NUMBER: 09444977)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Benjamin Allen Construction Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09444977

Registered office: 2 Cooper House
Coopers Way
Henfield
West Sussex
BN5 9EQ

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant, machinery, equipment & fixtures - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks have been valued at the lower of cost and estimated price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

BENJAMIN ALLEN CONSTRUCTION LTD (REGISTERED NUMBER: 09444977)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant,
machinery,
equipment Motor Computer
& fixtures vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 163,143 126,894 5,365 295,402
Additions 466 - 113 579
Disposals - (5,500 ) - (5,500 )
At 29 February 2024 163,609 121,394 5,478 290,481
DEPRECIATION
At 1 March 2023 99,801 79,697 4,194 183,692
Charge for year 15,860 11,646 307 27,813
Eliminated on disposal - (4,888 ) - (4,888 )
At 29 February 2024 115,661 86,455 4,501 206,617
NET BOOK VALUE
At 29 February 2024 47,948 34,939 977 83,864
At 28 February 2023 63,342 47,197 1,171 111,710

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,000 110,179
Amounts owed by related undertakings 148,349 161,158
Other debtors 112,991 175,194
291,340 446,531

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 98,000 98,000
Trade creditors 210,298 135,379
Amounts owed to group undertakings 123,919 313,652
Taxation and social security 15,639 12,226
Other creditors 35,499 39,454
483,355 598,711

BENJAMIN ALLEN CONSTRUCTION LTD (REGISTERED NUMBER: 09444977)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 138,833 236,833

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Benjamin Allen Bespoke Homes Ltd.

The company is a 100% subsidiary of, and shares its registered office with, Benjamin Allen Bespoke Homes Ltd; a private company, limited by shares and registered in England and Wales, whose company number is 09442860.