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Registration number: 00665627

D Benson & Co Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

D Benson & Co Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

D Benson & Co Limited

(Registration number: 00665627)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

700,000

700,000

Current assets

 

Debtors

5

-

4,000

Cash at bank and in hand

 

62,175

16,251

 

62,175

20,251

Creditors: Amounts falling due within one year

6

(47,812)

(39,506)

Net current assets/(liabilities)

 

14,363

(19,255)

Net assets

 

714,363

680,745

Capital and reserves

 

Called up share capital

7

200

200

Capital redemption reserve

2,100

2,100

Revaluation reserve

220,000

220,000

Retained earnings

492,063

458,445

Shareholders' funds

 

714,363

680,745

For the financial year ending 30 September 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 year 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.

Approved and authorised by the Board on 20 January 2025 and signed on its behalf by:
 

Mrs J Barton
Company secretary and director

Mrs H R Culloden
Director

Mr M J Barton
Director

     
 

D Benson & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Parkhill Studio
Walton Road
Wetherby
West Yorkshire
LS22 5DZ
England

These financial statements were authorised for issue by the Board on 20 January 2025.

2

Accounting policies

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 except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services 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 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.

 

D Benson & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

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

Land and Buildings

not depreciated

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 2).

 

D Benson & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 October 2023

700,000

700,000

At 30 September 2024

700,000

700,000

Depreciation

Carrying amount

At 30 September 2024

700,000

700,000

At 30 September 2023

700,000

700,000

Included within the net book value of land and buildings above is £700,000 (2023 - £700,000) in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Other debtors

-

4,000

 

-

4,000

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

29,428

21,616

Taxation and social security

 

18,376

17,882

Accruals and deferred income

 

8

8

 

47,812

39,506

 

D Benson & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

200

200

200

200

       

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

29,428

21,616