Registered number
06891329
Benjemax Limited
Unaudited Filleted Accounts
31 May 2024
API Partnership Limited t/a Chandler & Georges
Chartered Accountants
75 Westow Hill
Crystal Palace
London
SE19 1TX
Ph: 0208 761 2213
www.cgca.co.uk
Benjemax Limited
Registered number: 06891329
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 23,897 31,564
Investments 5 50 50
23,947 31,614
Current assets
Stocks 48,570 -
Debtors 6 382,577 402,272
Cash at bank and in hand 201,408 101,060
632,555 503,332
Creditors: amounts falling due within one year 7 (537,813) (438,250)
Net current assets 94,742 65,082
Total assets less current liabilities 118,689 96,696
Provisions for liabilities (5,974) (7,891)
Net assets 112,715 88,805
Capital and reserves
Called up share capital 100 100
Profit and loss account 112,615 88,705
Shareholders' funds 112,715 88,805
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S H Davie
Director
Approved by the board on 11 February 2025
Benjemax Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable at the date of provision of service.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Straight line
Motor Vehicles 25% Straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Work-in-progress
Stocks are work-in-progress reflects invoices raised post year end for work undertaken by 31st May 2024.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Government Grants
Government grants are recognised where there is reasonable assurance that the grant will be received, and all attached conditions will be complied with. When the grant relates to an expense item, it is recognised as income on a systematic basis over the periods that the related costs, for which it is intended to compensate, are expensed.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 167 217
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2023 96,710
At 31 May 2024 96,710
Amortisation
At 1 June 2023 96,710
At 31 May 2024 96,710
Net book value
At 31 May 2024 -
Intangible fixed assets are being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2023 236,343 101,843 338,186
Additions 11,519 - 11,519
At 31 May 2024 247,862 101,843 349,705
Depreciation
At 1 June 2023 214,231 92,391 306,622
Charge for the year 12,632 6,554 19,186
At 31 May 2024 226,863 98,945 325,808
Net book value
At 31 May 2024 20,999 2,898 23,897
At 31 May 2023 22,112 9,452 31,564
5 Investments
Other
investments
£
Cost
At 1 June 2023 50
At 31 May 2024 50
6 Debtors 2024 2023
£ £
Trade debtors 220,757 223,135
Amounts owed by group undertakings and undertakings in which the company has a participating interest 97,387 -
Other debtors 64,433 179,137
382,577 402,272
7 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 40,780 48,658
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 48,407
Taxation and social security costs 220,438 131,514
Other creditors 276,595 209,671
537,813 438,250
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr S H Davie
Loan - interest charged at 4% 125,464 - (125,464) -
125,464 - (125,464) -
9 Related party transactions
Guymajoe Ltd:
The profit and loss account includes charges for the provision of services totalling £33,180 (2023, £6,000).

Included in debtors (group undertakings) is an amount due of £97,387 (2023 creditor of £48,407).

Balances with group undertakings are provided interest free and are repayable on demand.
10 Controlling party
The company is a wholly owned subsidiary of Guymajoe Ltd.

In August 2023 there was a transfer of Guymajoe Ltd shares between the existing shareholders, with the result that there is no longer an overall controlling party.
11 Other information
Benjemax Limited is a private company limited by shares and incorporated in England. Its registered office is:
42c Walpole Road
Bromley
Kent
BR2 9SF
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