Company registration number 03807792 (England and Wales)
BENJA'S LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
BENJA'S LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
BENJA'S LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
2,657
1,574
Current assets
Stocks
5,809
6,676
Debtors
5
29,558
18,330
Cash at bank and in hand
49,453
38,919
84,820
63,925
Creditors: amounts falling due within one year
6
(46,117)
(18,220)
Net current assets
38,703
45,705
Net assets
41,360
47,279
Capital and reserves
Called up share capital
600
600
Profit and loss reserves
40,760
46,679
Total equity
41,360
47,279
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 28 April 2025
Mrs B Bert
Director
Company registration number 03807792 (England and Wales)
BENJA'S LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information
Benja's Limited is a private company limited by shares incorporated in England and Wales. The registered office is North House, 198 High Street, Tonbridge, Kent, TN9 1BE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Revenue is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Intangible fixed assets other than goodwill
Franchise costs have been amortised to the profit and loss account over their estimated economic life of three years.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
33%
Computers
33%
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks.
1.6
Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7
Financial instruments
The company only has financial instruments which are classified as basic financial instruments.
Short-term debtors and creditors are measured at the settlement value. Any losses from impairment are recognised in profit and loss.
BENJA'S LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 3 -
1.8
Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
1.9
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.10
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 6 (2023 - 7).
3
Intangible fixed assets
Franchise
£
Cost
At 1 May 2023 and 30 April 2024
40,000
Amortisation and impairment
At 1 May 2023 and 30 April 2024
40,000
Carrying amount
At 30 April 2024
At 30 April 2023
BENJA'S LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023
16,375
Additions
2,737
At 30 April 2024
19,112
Depreciation and impairment
At 1 May 2023
14,801
Depreciation charged in the year
1,654
At 30 April 2024
16,455
Carrying amount
At 30 April 2024
2,657
At 30 April 2023
1,574
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Corporation tax recoverable
174
174
Other debtors
29,384
18,156
29,558
18,330
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
3,154
1,138
Trade creditors
38,223
13,906
Taxation and social security
2,060
1,365
Other creditors
2,680
1,811
46,117
18,220
7
Director's advances
During the year, the company made interest-free advances to a director amounting to £6,500 (2023: £Nil). These were repayable on demand.
The company received repayments of £2,874 (2023: £Nil).