Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-06-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseClearance and security work87truetruefalse 04216112 2023-06-01 2024-05-31 04216112 2022-06-01 2023-05-31 04216112 2024-05-31 04216112 2023-05-31 04216112 c:Director1 2023-06-01 2024-05-31 04216112 d:Buildings d:LongLeaseholdAssets 2023-06-01 2024-05-31 04216112 d:Buildings d:LongLeaseholdAssets 2024-05-31 04216112 d:Buildings d:LongLeaseholdAssets 2023-05-31 04216112 d:PlantMachinery 2023-06-01 2024-05-31 04216112 d:PlantMachinery 2024-05-31 04216112 d:PlantMachinery 2023-05-31 04216112 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04216112 d:MotorVehicles 2023-06-01 2024-05-31 04216112 d:MotorVehicles 2024-05-31 04216112 d:MotorVehicles 2023-05-31 04216112 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04216112 d:FurnitureFittings 2023-06-01 2024-05-31 04216112 d:FurnitureFittings 2024-05-31 04216112 d:FurnitureFittings 2023-05-31 04216112 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04216112 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04216112 d:CurrentFinancialInstruments 2024-05-31 04216112 d:CurrentFinancialInstruments 2023-05-31 04216112 d:Non-currentFinancialInstruments 2024-05-31 04216112 d:Non-currentFinancialInstruments 2023-05-31 04216112 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 04216112 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 04216112 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 04216112 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 04216112 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-05-31 04216112 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 04216112 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-05-31 04216112 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 04216112 d:ShareCapital 2024-05-31 04216112 d:ShareCapital 2023-05-31 04216112 d:RevaluationReserve 2023-06-01 2024-05-31 04216112 d:RevaluationReserve 2024-05-31 04216112 d:RevaluationReserve 2023-05-31 04216112 d:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 04216112 d:RetainedEarningsAccumulatedLosses 2024-05-31 04216112 d:RetainedEarningsAccumulatedLosses 2023-05-31 04216112 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 04216112 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 04216112 d:OtherDeferredTax 2024-05-31 04216112 d:OtherDeferredTax 2023-05-31 04216112 c:OrdinaryShareClass1 2023-06-01 2024-05-31 04216112 c:OrdinaryShareClass1 2024-05-31 04216112 c:OrdinaryShareClass1 2023-05-31 04216112 c:FRS102 2023-06-01 2024-05-31 04216112 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 04216112 c:FullAccounts 2023-06-01 2024-05-31 04216112 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 04216112 5 2023-06-01 2024-05-31 04216112 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 04216112










BENJI & CO. LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
BENJI & CO. LIMITED
REGISTERED NUMBER:04216112

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
480,373
440,502

  
480,373
440,502

Current assets
  

Stocks
  
72,590
100,490

Debtors: amounts falling due within one year
 6 
409,000
449,422

Cash at bank and in hand
 7 
132,564
203,261

  
614,154
753,173

Creditors: amounts falling due within one year
 8 
(270,849)
(444,620)

Net current assets
  
 
 
343,305
 
 
308,553

Total assets less current liabilities
  
823,678
749,055

Creditors: amounts falling due after more than one year
 9 
(36,503)
(44,115)

Provisions for liabilities
  

Deferred tax
 11 
(78,564)
(73,866)

  
 
 
(78,564)
 
 
(73,866)

Net assets
  
708,611
631,074


Capital and reserves
  

Called up share capital 
 12 
2
2

Revaluation reserve
 13 
8,798
10,351

Profit and loss account
 13 
699,811
620,721

  
708,611
631,074


Page 1

 
BENJI & CO. LIMITED
REGISTERED NUMBER:04216112
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 February 2025.




P N Rees
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
BENJI & CO. LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Benji & Co. Limited, 04216112, is a private company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at The Office, Gwern Tyddyn, Cwm Belan, Llanidloes, Powys, SY18 6QB.
The principal activity of the company is clearance and security work.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
BENJI & CO. LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
BENJI & CO. LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis and straight line basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
2%
straight line
Plant and machinery
-
15%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
10%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
BENJI & CO. LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.9

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

 
BENJI & CO. LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.


4.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 7).

Page 7

 
BENJI & CO. LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 June 2023
160,854
561,919
93,345
37,424
853,542


Additions
25,874
68,193
23,200
1,749
119,016


Disposals
-
(12,870)
(35,350)
(850)
(49,070)



At 31 May 2024

186,728
617,242
81,195
38,323
923,488



Depreciation


At 1 June 2023
22,487
327,646
41,701
21,206
413,040


Charge for the year on owned assets
3,735
44,509
10,126
1,752
60,122


Disposals
-
(7,129)
(22,520)
(398)
(30,047)



At 31 May 2024

26,222
365,026
29,307
22,560
443,115



Net book value



At 31 May 2024
160,506
252,216
51,888
15,763
480,373



At 31 May 2023
138,367
234,273
51,644
16,218
440,502

Page 8

 
BENJI & CO. LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Debtors

2024
2023
£
£


Trade debtors
384,920
426,124

Prepayments and accrued income
24,080
23,298

409,000
449,422



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
132,564
203,261

132,564
203,261



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,102
9,856

Trade creditors
76,730
217,628

Corporation tax
31,965
26,970

Other taxation and social security
36,484
75,514

Other creditors
81,111
85,731

Accruals and deferred income
34,457
28,921

270,849
444,620


The amount of £10,102 (2023: £9,856) included in creditors due within one year is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender.

Page 9

 
BENJI & CO. LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
16,352
26,352

Other creditors
20,151
17,763

36,503
44,115


The amount of £16,352 (2023: £26,352) included in creditors due after one year is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender.


10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,102
9,856


10,102
9,856

Amounts falling due 1-2 years

Bank loans
10,358
8,403


10,358
8,403

Amounts falling due 2-5 years

Bank loans
5,994
17,948


5,994
17,948


26,454
36,207


Page 10

 
BENJI & CO. LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

11.


Deferred taxation




2024


£






At beginning of year
73,866


Charged to profit or loss
4,698



At end of year
78,564

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
78,619
73,961

Pension creditor
(55)
(95)

78,564
73,866


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



13.


Reserves

Revaluation reserve

The revaluation reserve represents the accumulated surplus on historic cost to fair value less accumulated impairment losses and periodic transfer to the profit and loss reserve.

Profit and loss account

The profit and loss account represents the accumulated profit of the Company since incorporation less distributions made to shareholders.

Page 11

 
BENJI & CO. LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

14.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,912 (2023: £2,607). Contributions totaling £221 (2023: £885) were payable to the fund at the balance sheet date and are included in creditors

 
Page 12