Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 06178708 M S Benning iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06178708 2023-06-30 06178708 2024-06-30 06178708 2023-07-01 2024-06-30 06178708 frs-core:CurrentFinancialInstruments 2024-06-30 06178708 frs-core:Non-currentFinancialInstruments 2024-06-30 06178708 frs-core:BetweenOneFiveYears 2024-06-30 06178708 frs-core:FurnitureFittings 2024-06-30 06178708 frs-core:FurnitureFittings 2023-07-01 2024-06-30 06178708 frs-core:FurnitureFittings 2023-06-30 06178708 frs-core:MotorVehicles 2024-06-30 06178708 frs-core:MotorVehicles 2023-07-01 2024-06-30 06178708 frs-core:MotorVehicles 2023-06-30 06178708 frs-core:WithinOneYear 2024-06-30 06178708 frs-core:ShareCapital 2024-06-30 06178708 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 06178708 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06178708 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 06178708 frs-bus:SmallEntities 2023-07-01 2024-06-30 06178708 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 06178708 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 06178708 frs-bus:Director1 2023-07-01 2024-06-30 06178708 frs-bus:Director1 2023-06-30 06178708 frs-bus:Director1 2024-06-30 06178708 frs-core:CurrentFinancialInstruments 1 2024-06-30 06178708 frs-core:CurrentFinancialInstruments 3 2024-06-30 06178708 frs-countries:EnglandWales 2023-07-01 2024-06-30 06178708 2022-06-30 06178708 2023-06-30 06178708 2022-07-01 2023-06-30 06178708 frs-core:CurrentFinancialInstruments 2023-06-30 06178708 frs-core:Non-currentFinancialInstruments 2023-06-30 06178708 frs-core:BetweenOneFiveYears 2023-06-30 06178708 frs-core:WithinOneYear 2023-06-30 06178708 frs-core:ShareCapital 2023-06-30 06178708 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 06178708 frs-core:CurrentFinancialInstruments 1 2023-06-30 06178708 frs-core:CurrentFinancialInstruments 3 2023-06-30
Registered number: 06178708
Benning Transport Ltd
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06178708
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 213,248 189,426
213,248 189,426
CURRENT ASSETS
Stocks 5 9,200 12,500
Debtors 6 130,076 461,840
Cash at bank and in hand 133,874 40,955
273,150 515,295
Creditors: Amounts Falling Due Within One Year 7 (182,336 ) (340,593 )
NET CURRENT ASSETS (LIABILITIES) 90,814 174,702
TOTAL ASSETS LESS CURRENT LIABILITIES 304,062 364,128
Creditors: Amounts Falling Due After More Than One Year 8 (162,166 ) (215,386 )
NET ASSETS 141,896 148,742
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 141,796 148,642
SHAREHOLDERS' FUNDS 141,896 148,742
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
M S Benning
Director
25th March 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Benning Transport Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06178708 . The registered office is Christmas Tree Cottage, 16 Long Close, Farnham Common, Burkinghamshire, SL2 3EJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 15% on cost
Fixtures & Fittings 15% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 327,782 10,713 338,495
Additions 105,756 - 105,756
Disposals (42,429 ) - (42,429 )
As at 30 June 2024 391,109 10,713 401,822
Depreciation
As at 1 July 2023 141,118 7,951 149,069
Provided during the period 61,381 1,607 62,988
Disposals (23,483 ) - (23,483 )
As at 30 June 2024 179,016 9,558 188,574
Net Book Value
As at 30 June 2024 212,093 1,155 213,248
As at 1 July 2023 186,664 2,762 189,426
5. Stocks
2024 2023
£ £
Materials 9,200 12,500
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6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 73,746 65,189
Other debtors 15,268 13,268
Sales ledger control account 9,065 368,383
Mr Ionut Tudor 15,000 15,000
Director's loan account 16,997 -
130,076 461,840
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 30,833 54,886
Trade creditors 99,731 70,848
Bank loans and overdrafts 14,850 11,853
Corporation tax 8,585 29,559
Other taxes and social security 3,416 3,184
VAT 2,516 122,418
Net wages 2,405 1,047
Other creditors 20,000 20,000
Director's loan account - 26,798
182,336 340,593
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 32,231 41,772
Bank loans 129,935 173,614
162,166 215,386
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 30,833 54,886
Later than one year and not later than five years 32,231 41,772
63,064 96,658
63,064 96,658
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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11. Directors Advances, Credits and Guarantees
The following advances and credits to directors subsisted during the current and prior periods:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Makhan Benning (26,798 ) 43,795 - - 16,997
The above loan is unsecured, interest free and repayable on demand.
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