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REGISTERED NUMBER: 06675283














BENCHMARK ACCOUNTING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






BENCHMARK ACCOUNTING LIMITED (REGISTERED NUMBER: 06675283)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BENCHMARK ACCOUNTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: S J Warman





REGISTERED OFFICE: Benchmark
174 Anmore Road
Denmead
Hampshire
PO7 6HW





REGISTERED NUMBER: 06675283





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

BENCHMARK ACCOUNTING LIMITED (REGISTERED NUMBER: 06675283)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 5,635 3,889
Investments 5 100,000 100,000
105,635 103,889

CURRENT ASSETS
Debtors 6 59,451 47,920
Cash at bank and in hand 47,018 27,788
106,469 75,708
CREDITORS
Amounts falling due within one year 7 55,521 42,002
NET CURRENT ASSETS 50,948 33,706
TOTAL ASSETS LESS CURRENT
LIABILITIES

156,583

137,595

CREDITORS
Amounts falling due after more than one
year

8

(15,210

)

(23,618

)

PROVISIONS FOR LIABILITIES 10 (1,070 ) (739 )
NET ASSETS 140,303 113,238

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 12 140,302 113,237
SHAREHOLDERS' FUNDS 140,303 113,238

BENCHMARK ACCOUNTING LIMITED (REGISTERED NUMBER: 06675283)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 November 2024 and were signed by:





S J Warman - Director


BENCHMARK ACCOUNTING LIMITED (REGISTERED NUMBER: 06675283)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Benchmark Accounting Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

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 is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


BENCHMARK ACCOUNTING LIMITED (REGISTERED NUMBER: 06675283)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 4,677 16,403 21,080
Additions 542 4,052 4,594
At 31 August 2024 5,219 20,455 25,674
DEPRECIATION
At 1 September 2023 2,676 14,515 17,191
Charge for year 300 2,548 2,848
At 31 August 2024 2,976 17,063 20,039
NET BOOK VALUE
At 31 August 2024 2,243 3,392 5,635
At 31 August 2023 2,001 1,888 3,889

5. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 September 2023
and 31 August 2024 100,000
NET BOOK VALUE
At 31 August 2024 100,000
At 31 August 2023 100,000

BENCHMARK ACCOUNTING LIMITED (REGISTERED NUMBER: 06675283)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 59,235 47,754
Prepayments and accrued income 216 166
59,451 47,920

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,070 654
Corporation tax 23,482 16,279
Social security and other taxes 1,896 1,945
VAT 11,087 11,307
Directors' current accounts 1,949 2
Accruals and deferred income 13,392 10,152
Accrued expenses 1,645 1,663
55,521 42,002

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 15,210 23,618

Amounts falling due in more than five years:

Repayable by instalments
NatWest bank loan 15,210 23,618

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due in more than five years:
Repayable by instalments
NatWest bank loan 15,210 23,618

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 1,070 739

BENCHMARK ACCOUNTING LIMITED (REGISTERED NUMBER: 06675283)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2023 739
Accelerated capital allowances 331
Balance at 31 August 2024 1,070

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1 1

12. RESERVES
Retained
earnings
£   

At 1 September 2023 113,237
Profit for the year 131,065
Dividends (104,000 )
At 31 August 2024 140,302

13. ULTIMATE CONTROLLING PARTY

The controlling party is S J Warman and R K Warman by virtue of their joint ownership of 100% of the issued ordinary share capital in the company. S J Warman is also director of the company.