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REGISTERED NUMBER: 01319734 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

THOMAS - BENACCI LIMITED

THOMAS - BENACCI LIMITED (REGISTERED NUMBER: 01319734)

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THOMAS - BENACCI LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mrs I Benacci
Mrs M S Carminati
Mrs L M Russo





REGISTERED OFFICE: Unit 12
Bessemer Park
250 Milkwood Road
London
SE24 0HG





REGISTERED NUMBER: 01319734 (England and Wales)






THOMAS - BENACCI LIMITED (REGISTERED NUMBER: 01319734)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,148,157 1,171,922
Investment property 5 450,000 450,000
1,598,157 1,621,922

CURRENT ASSETS
Stocks 6 905,860 727,342
Debtors 7 419,478 423,938
Cash at bank and in hand 1,872 102,050
1,327,210 1,253,330
CREDITORS
Amounts falling due within one year 8 186,210 164,245
NET CURRENT ASSETS 1,141,000 1,089,085
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,739,157

2,711,007

CREDITORS
Amounts falling due after more than one
year

9

(20,747

)

(59,664

)

PROVISIONS FOR LIABILITIES 12 (16,212 ) (16,212 )
NET ASSETS 2,702,198 2,635,131

CAPITAL AND RESERVES
Called up share capital 13 100 100
Non-distributable reserve 14 701,121 701,121
Retained earnings 14 2,000,977 1,933,910
SHAREHOLDERS' FUNDS 2,702,198 2,635,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

THOMAS - BENACCI LIMITED (REGISTERED NUMBER: 01319734)

Balance Sheet - continued
31 August 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:





Mrs I Benacci - Director


THOMAS - BENACCI LIMITED (REGISTERED NUMBER: 01319734)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

Thomas - Benacci Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 1% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

In accordance with the provisions of section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable i the UK and Republic of Ireland", investment properties are included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


THOMAS - BENACCI LIMITED (REGISTERED NUMBER: 01319734)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trade debtors
Trade debtors are carried at original net invoice amount less an estimate for doubtful debtors. Bad debts are written off when identified. Specific provision are made against debts whose recovery is considered doubtful.

Provisions and accruals
Provisions are recognised when there is a present legal or constructive obligation as a result of past events and the amount can be reliably estimated. Provisions are not recognised for future operating losses.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 September 2023
and 31 August 2024 1,200,000 14,006 76,233 15,970 1,306,209
DEPRECIATION
At 1 September 2023 72,000 14,006 32,502 15,779 134,287
Charge for year 12,000 - 11,702 63 23,765
At 31 August 2024 84,000 14,006 44,204 15,842 158,052
NET BOOK VALUE
At 31 August 2024 1,116,000 - 32,029 128 1,148,157
At 31 August 2023 1,128,000 - 43,731 191 1,171,922

THOMAS - BENACCI LIMITED (REGISTERED NUMBER: 01319734)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


4. TANGIBLE FIXED ASSETS - continued

In the opinion of the directors, the market value of the properties at the balance sheet date was £1,128,000 on an open market basis.

Cost or valuation at 31 August 2024 is represented by:

Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
Valuation in 2001 114,600 - - - 114,600
Valuation in 2017 396,135 - - - 396,135
Cost 689,265 14,006 76,233 15,970 795,474
1,200,000 14,006 76,233 15,970 1,306,209

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 450,000
NET BOOK VALUE
At 31 August 2024 450,000
At 31 August 2023 450,000

In the opinion of the directors, the market value of the property at the balance sheet date was £450,000 on an open market basis.

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2017 206,598
Cost 243,402
450,000

6. STOCKS
31.8.24 31.8.23
£    £   
Stocks 905,860 727,342

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 253,147 253,977
Prepayments and accrued income 166,331 169,961
419,478 423,938

THOMAS - BENACCI LIMITED (REGISTERED NUMBER: 01319734)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts (see note 10) 23,402 -
Other loans (see note 10) 6,269 5,702
Hire purchase contracts 7,780 7,780
Trade creditors 38,474 65,553
Tax 19,065 -
VAT 34,391 30,275
Other creditors 33,964 31,978
PAYE control 3,634 3,726
Pension liability 731 731
Directors' current accounts 15,000 15,000
Accrued expenses 3,500 3,500
186,210 164,245

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans (see note 10) - 31,137
Hire purchase contracts 20,747 28,527
20,747 59,664

10. LOANS

An analysis of the maturity of loans is given below:

31.8.24 31.8.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 23,402 -
Other loans 6,269 5,702
29,671 5,702

Amounts falling due between one and two years:
Bank loans - 1-2 years - 31,137

11. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 23,402 31,137

National Westminster Bank Plc holds fixed and floating charges over the undertaking and all property and assets present and future, including goodwill, uncalled capital, buildings, fixtures, fixed plant and machinery.

THOMAS - BENACCI LIMITED (REGISTERED NUMBER: 01319734)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


12. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 16,212 16,212

Deferred
tax
£   
Balance at 1 September 2023 16,212
Balance at 31 August 2024 16,212

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100

14. RESERVES
Retained Non-distributable
earnings reserve Totals
£    £    £   

At 1 September 2023 1,933,910 701,121 2,635,031
Profit for the year 67,067 67,067
At 31 August 2024 2,000,977 701,121 2,702,098