5 false false false false false false false false false false true false false false false false false No description of principal activity 2023-06-01 Sage Accounts Production Advanced 2024 - FRS102_2024 60,000 57,000 3,000 60,000 3,000 xbrli:pure xbrli:shares iso4217:GBP 05113765 2023-06-01 2024-05-31 05113765 2024-05-31 05113765 2023-05-31 05113765 2022-06-01 2023-05-31 05113765 2023-05-31 05113765 2022-05-31 05113765 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 05113765 core:PlantMachinery 2023-06-01 2024-05-31 05113765 core:MotorVehicles 2023-06-01 2024-05-31 05113765 bus:Director1 2023-06-01 2024-05-31 05113765 core:NetGoodwill 2023-05-31 05113765 core:NetGoodwill 2024-05-31 05113765 core:LandBuildings 2023-05-31 05113765 core:PlantMachinery 2023-05-31 05113765 core:MotorVehicles 2023-05-31 05113765 core:LandBuildings 2024-05-31 05113765 core:PlantMachinery 2024-05-31 05113765 core:MotorVehicles 2024-05-31 05113765 core:WithinOneYear 2024-05-31 05113765 core:WithinOneYear 2023-05-31 05113765 core:AfterOneYear 2024-05-31 05113765 core:AfterOneYear 2023-05-31 05113765 core:ShareCapital 2024-05-31 05113765 core:ShareCapital 2023-05-31 05113765 core:RetainedEarningsAccumulatedLosses 2024-05-31 05113765 core:RetainedEarningsAccumulatedLosses 2023-05-31 05113765 core:NetGoodwill 2023-06-01 2024-05-31 05113765 core:LandBuildings 2023-06-01 2024-05-31 05113765 core:NetGoodwill 2023-05-31 05113765 core:LandBuildings 2023-05-31 05113765 core:PlantMachinery 2023-05-31 05113765 core:MotorVehicles 2023-05-31 05113765 bus:SmallEntities 2023-06-01 2024-05-31 05113765 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 05113765 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 05113765 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 05113765 bus:FullAccounts 2023-06-01 2024-05-31
COMPANY REGISTRATION NUMBER: 05113765
Bendin Limited
Filleted Unaudited Financial Statements
31 May 2024
Bendin Limited
Financial Statements
Year ended 31 May 2024
Contents
Pages
Statement of financial position
1 to 2
Notes to the financial statements
3 to 5
Bendin Limited
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
3,000
Tangible assets
6
135,233
138,888
---------
---------
135,233
141,888
Current assets
Stocks
25,000
25,000
Cash at bank and in hand
44,813
44,469
--------
--------
69,813
69,469
Creditors: amounts falling due within one year
7
102,490
91,332
---------
--------
Net current liabilities
32,677
21,863
---------
---------
Total assets less current liabilities
102,556
120,025
Creditors: amounts falling due after more than one year
8
49,691
67,335
---------
---------
Net assets
52,865
52,690
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
52,863
52,688
--------
--------
Shareholders funds
52,865
52,690
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Bendin Limited
Statement of Financial Position (continued)
31 May 2024
These financial statements were approved by the board of directors and authorised for issue on 24 February 2025 , and are signed on behalf of the board by:
Mr M O Harding
Director
Company registration number: 05113765
Bendin Limited
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Lamorna Court, 43 Wollaton Road, Beeston, Nottingham, NG9 2NG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
2% straight line
Plant and machinery
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 5 ).
5. Intangible assets
Goodwill
£
Cost
At 1 June 2023 and 31 May 2024
60,000
--------
Amortisation
At 1 June 2023
57,000
Charge for the year
3,000
--------
At 31 May 2024
60,000
--------
Carrying amount
At 31 May 2024
--------
At 31 May 2023
3,000
--------
6. Tangible assets
Freehold property
Plant and machinery
Motor vehicles
Total
£
£
£
£
Cost
At 1 June 2023 and 31 May 2024
167,761
6,687
22,300
196,748
---------
------
--------
---------
Depreciation
At 1 June 2023
30,197
6,069
21,594
57,860
Charge for the year
3,355
124
176
3,655
---------
------
--------
---------
At 31 May 2024
33,552
6,193
21,770
61,515
---------
------
--------
---------
Carrying amount
At 31 May 2024
134,209
494
530
135,233
---------
------
--------
---------
At 31 May 2023
137,564
618
706
138,888
---------
------
--------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
24,137
24,137
Trade creditors
142
546
Social security and other taxes
11,395
13,457
Other creditors
66,816
53,192
---------
--------
102,490
91,332
---------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
49,691
67,335
--------
--------
9. Secured debts
The following secured debts are included within creditors:
2024
2023
£
£
Bank loans
156,758
163,068
---------
---------
Clydesdale Bank plc has a fixed and floating charge covering all of the property and undertakings of the company. This was created on 7 May 2015.