Company registration number 04767474 (England and Wales)
BENELLA AUTO ELECTRICAL SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
BENELLA AUTO ELECTRICAL SERVICES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
BENELLA AUTO ELECTRICAL SERVICES LIMITED
BALANCE SHEET
AS AT
5 APRIL 2024
05 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
115,801
64,409
Current assets
Stocks
274,328
222,714
Debtors
4
346,503
274,038
Cash at bank and in hand
197,194
211,225
818,025
707,977
Creditors: amounts falling due within one year
5
(476,832)
(391,107)
Net current assets
341,193
316,870
Total assets less current liabilities
456,994
381,279
Creditors: amounts falling due after more than one year
6
(11,671)
(22,573)
Provisions for liabilities
(26,428)
(13,419)
Net assets
418,895
345,287
Capital and reserves
Called up share capital
90
90
Capital redemption reserve
10
10
Profit and loss reserves
418,795
345,187
Total equity
418,895
345,287
BENELLA AUTO ELECTRICAL SERVICES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
5 APRIL 2024
05 April 2024
- 2 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 5 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 13 July 2024 and are signed on its behalf by:
2024-11-26
C Mould
Director
Company Registration No. 04767474
BENELLA AUTO ELECTRICAL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
- 3 -
1
Accounting policies
Company information

Benella Auto Electrical Services Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

 

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

1.1
Accounting convention

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.

1.2
Turnover

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

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
20% straight line basis
Fixtures and fittings
25% on reducing balance
Computer Equipment
25% on reducing balance
Motor vehicles
25% on reducing balance
1.4
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.5
Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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

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 the 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.

BENELLA AUTO ELECTRICAL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit or loss in the period to which they relate.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
17
12
3
Tangible fixed assets
Leasehold land and buildings
Fixtures and fittings
Computer Equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 6 April 2023
11,746
10,793
9,379
89,323
121,241
Additions
-
0
39,356
625
58,133
98,114
Disposals
-
0
-
0
-
0
(24,094)
(24,094)
At 5 April 2024
11,746
50,149
10,004
123,362
195,261
Depreciation and impairment
At 6 April 2023
11,746
10,389
9,379
25,318
56,832
Depreciation charged in the year
-
0
6,794
156
20,007
26,957
Eliminated in respect of disposals
-
0
-
0
-
0
(4,329)
(4,329)
At 5 April 2024
11,746
17,183
9,535
40,996
79,460
Carrying amount
At 5 April 2024
-
0
32,966
469
82,366
115,801
At 5 April 2023
-
0
404
-
0
64,005
64,409
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
346,372
273,913
Other debtors
131
125
346,503
274,038
BENELLA AUTO ELECTRICAL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
9,996
9,996
Trade creditors
328,813
322,604
Taxation and social security
100,849
47,683
Other creditors
37,174
10,824
476,832
391,107
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
11,671
22,573
7
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
97,677
43,588
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