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Registration number: 14805238

Ben Twiston-Davies Limited

Unaudited Financial Statements

for the Period from 15 April 2023 to 30 April 2024

 

Ben Twiston-Davies Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Ben Twiston-Davies Limited

(Registration number: 14805238)
Balance Sheet as at 30 April 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

263

Current assets

 

Debtors

5

7,323

Cash at bank and in hand

 

30,827

 

38,150

Creditors: Amounts falling due within one year

6

(13,265)

Net current assets

 

24,885

Total assets less current liabilities

 

25,148

Provisions for liabilities

(50)

Net assets

 

25,098

Capital and reserves

 

Called up share capital

100

Retained earnings

24,998

Shareholders' funds

 

25,098

 

Ben Twiston-Davies Limited

(Registration number: 14805238)
Balance Sheet as at 30 April 2024

For the financial period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 January 2025 and signed on its behalf by:
 

.........................................
Mr Ben Twiston-Davies
Director

.........................................
Mrs Rebecca Twiston-Davies
Director

 

Ben Twiston-Davies Limited

Notes to the Unaudited Financial Statements for the Period from 15 April 2023 to 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
18-20 High Street
Stevenage
Hertfordshire
SG1 3EJ
England

The principal place of business is:
Briardene
Wood End
Ardeley
Stevenage
Hertfordshire
SG2 7BA

These financial statements were authorised for issue by the Board on 12 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

 

Ben Twiston-Davies Limited

Notes to the Unaudited Financial Statements for the Period from 15 April 2023 to 30 April 2024

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% straight line

 

Ben Twiston-Davies Limited

Notes to the Unaudited Financial Statements for the Period from 15 April 2023 to 30 April 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and at bank.

Trade debtors

Trade debtors are amounts due from customers for goods provided in the ordinary course of
business.

Trade debtors are recognised at the transaction price.

Trade debtors are reviewed on an annual basis and any adjustment is made accordingly through the
profit and loss account.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary
course of business from suppliers. Accounts payable are classified as current liabilities if the company
does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 1.

 

Ben Twiston-Davies Limited

Notes to the Unaudited Financial Statements for the Period from 15 April 2023 to 30 April 2024

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

Additions

292

292

At 30 April 2024

292

292

Depreciation

Charge for the period

29

29

At 30 April 2024

29

29

Carrying amount

At 30 April 2024

263

263

 

Ben Twiston-Davies Limited

Notes to the Unaudited Financial Statements for the Period from 15 April 2023 to 30 April 2024

5

Debtors

Current

2024
£

Other debtors

7,323

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

11,516

Accruals and deferred income

1,550

Other creditors

199

13,265

7

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary shares of £1 each

100

100

     

During the period 100 Ordinary shares were issued at par value.

 

Ben Twiston-Davies Limited

Notes to the Unaudited Financial Statements for the Period from 15 April 2023 to 30 April 2024

8

Dividends

   

2024

 
   

£

 

Interim dividend of £160.00 per ordinary share

 

16,000

 
       

9

Related party transactions

Transactions with directors

2024

At 15 April 2023
£

Advances to director
£

Repayments by director
£

At 30 April 2024
£

Mr Ben Twiston-Davies

Directors' loan account

-

100,595

(100,794)

(199)

         
       

 

Other transactions with directors


This loan is provided interest free and is repayable on demand.

10

Ultimate controlling party

The ultimate controlling party is Mr. Benjamin Twiston-Davies, by virtue of his shareholding.