2023-05-012024-04-302024-04-30false09566218BEN GLADSTONE 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BEN GLADSTONE LTD

Registered Number
09566218
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

BEN GLADSTONE LTD
Company Information
for the year from 1 May 2023 to 30 April 2024

Directors

GLADSTONE, Benedict Hugh
SOMMERS, Charlotte Kate

Registered Address

12a Marlborough Place
Brighton
BN1 1WN

Registered Number

09566218 (England and Wales)
BEN GLADSTONE LTD
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Current assets
Stocks41,6281,628
Debtors55,2123,083
Cash at bank and on hand31,90214,668
38,74219,379
Creditors amounts falling due within one year6(22,524)(1,729)
Net current assets (liabilities)16,21817,650
Total assets less current liabilities16,21817,650
Accruals and deferred income(1,146)(1,110)
Net assets15,07216,540
Capital and reserves
Called up share capital1010
Profit and loss account15,06216,530
Shareholders' funds15,07216,540
The financial statements were approved and authorised for issue by the Board of Directors on 28 January 2025, and are signed on its behalf by:
GLADSTONE, Benedict Hugh
Director
SOMMERS, Charlotte Kate
Director

Registered Company No. 09566218
BEN GLADSTONE LTD
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment3
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 May 232,3612,361
At 30 April 242,3612,361
Depreciation and impairment
At 01 May 232,3612,361
At 30 April 242,3612,361
Net book value
At 30 April 24--
At 30 April 23--
4.Stocks

2024

2023

££
Work in progress1,6281,628
Total1,6281,628
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables5,2123,083
Total5,2123,083
6.Creditors: amounts due within one year

2024

2023

££
Taxation and social security4,5761,683
Other creditors17,94846
Total22,5241,729