General Information
BENFORD UV LTD is a private company, limited by shares, registered in England and Wales, registration number 15876811, registration address 7-9 SHAFTSBURY STREET, HIGH WYCOMBE , BUCKINGHAMSHIRE, HP11 2NA.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The company meets its day to day working capital requirements partially through the support of its creditors. The director has considered the projected cash flow information for the company during the foreseeable post year-end period. On the basis of this cash flow information and discussions with the companys creditors, the director considers that the company will continue to operate within the available finance facilities. However the margin of finance facilities over requirements is not large and, inherently there can be no certainty in relation to this matter. On this basis, the director consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the support of the company's creditors.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added. Income is recognised at the point of invoicing, when the company obtains the right to consideration.
Operating lease agreements
Rentals paid under operating leases are charged to profit or loss on a straight line casis over the period of the lease.
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.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income, 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 statement of financial position date.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Furniture & Fitting - 15% Straight line
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.
Stocks and work in progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any forseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured at initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.
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 subsequently measured at amortised costs using the effective interest method.
|
| 2. |
Average number of employees
Average number of employees during the period was 4.
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and machinery etc |
|
Total |
| |
£ |
|
£ |
| At 05 August 2024 |
- |
|
- |
| Additions |
5,110 |
|
5,110 |
| Disposals |
- |
|
- |
| At 31 March 2025 |
5,110 |
|
5,110 |
| Depreciation |
| At 05 August 2024 |
- |
|
- |
| Charge for period |
301 |
|
301 |
| On disposals |
- |
|
- |
| At 31 March 2025 |
301 |
|
301 |
| Net book values |
| Closing balance as at 31 March 2025 |
4,809 |
|
4,809 |
| Opening balance as at 05 August 2024 |
- |
|
- |
|
| 4. |
Advances and Credits
M I Boden The following advances and credits subsisted during the year ended 31 March2025. The loan is interest free and with no fixed date for repayment. | Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| M I Boden | 0 | | 100 | | 0 | | 0 | | 0 | | 0 | | 100 | | 0 | | 100 | | 0 | | 0 | | 0 | | 0 | | 100 |
|
| 5. |
Debtors: amounts falling due within one year
| . |
|
2025
£ |
| Trade Debtors |
|
26,710 |
| Other Debtors |
|
19,209 |
|
|
45,919 |
|
| 6. |
Creditors: amount falling due within one year
| . |
|
2025
£ |
| Trade Creditors |
|
10,991 |
| Amount Owed to Group Undertakings |
|
172,070 |
| Taxation and Social Security |
|
9,795 |
| Other Creditors |
|
3,621 |
|
|
196,477 |
|
| 7. |
Ultimate Controlling Party
The company is under the control of its company director M I Boden who own 100% of the company's issued share capital.
|
2
|