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REGISTERED NUMBER: 02066690 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

Bensleys Timber Maintenance
Company Limited

Bensleys Timber Maintenance
Company Limited (Registered number: 02066690)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bensleys Timber Maintenance
Company Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: L A Browne
M J Browne





REGISTERED OFFICE: 10 De Montfort Road
Brighton
East Sussex
BN2 3AU





REGISTERED NUMBER: 02066690 (England and Wales)





ACCOUNTANTS: Style and Silver
Bank House
Southwick Square
Southwick
West Sussex
BN42 4FN

Bensleys Timber Maintenance
Company Limited (Registered number: 02066690)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 94,831 74,183

CURRENT ASSETS
Stocks 33,328 51,335
Debtors 5 109,641 113,740
Cash at bank and in hand 403,685 375,597
546,654 540,672
CREDITORS
Amounts falling due within one year 6 200,489 217,660
NET CURRENT ASSETS 346,165 323,012
TOTAL ASSETS LESS CURRENT
LIABILITIES

440,996

397,195

CREDITORS
Amounts falling due after more than one
year

7

13,529

30,868
NET ASSETS 427,467 366,327

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 5,070 5,070
Retained earnings 422,297 361,157
SHAREHOLDERS' FUNDS 427,467 366,327

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

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

The directors acknowledge their 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.

Bensleys Timber Maintenance
Company Limited (Registered number: 02066690)

Balance Sheet - continued
31 May 2024


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 Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:





L A Browne - Director


Bensleys Timber Maintenance
Company Limited (Registered number: 02066690)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Bensleys Timber Maintenance Company 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.


Bensleys Timber Maintenance
Company Limited (Registered number: 02066690)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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 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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 17 (2023 - 17 ) .

Bensleys Timber Maintenance
Company Limited (Registered number: 02066690)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023 15,789 17,114 20,296 209,784 262,983
Additions - - - 41,980 41,980
At 31 May 2024 15,789 17,114 20,296 251,764 304,963
DEPRECIATION
At 1 June 2023 - 17,085 19,394 152,321 188,800
Charge for year - - 220 21,112 21,332
At 31 May 2024 - 17,085 19,614 173,433 210,132
NET BOOK VALUE
At 31 May 2024 15,789 29 682 78,331 94,831
At 31 May 2023 15,789 29 902 57,463 74,183

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023
and 31 May 2024 64,149
DEPRECIATION
At 1 June 2023 33,983
Charge for year 7,542
At 31 May 2024 41,525
NET BOOK VALUE
At 31 May 2024 22,624
At 31 May 2023 30,166

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 105,369 105,873
Other debtors 4,272 7,867
109,641 113,740

Bensleys Timber Maintenance
Company Limited (Registered number: 02066690)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 7,415 10,149
Trade creditors 24,866 23,949
Taxation and social security 66,157 77,691
Other creditors 91,403 95,223
200,489 217,660

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 10,812 20,736
Hire purchase contracts 2,717 10,132
13,529 30,868

8. RESERVES
Revaluation
reserve
£   
At 1 June 2023
and 31 May 2024 5,070