Benchmark Accounting Services Limited 31/05/2025 iXBRL

Company registration number: 10010297

Benchmark Accounting Services Limited

Unaudited filleted abridged financial statements

31 May 2025

Benchmark Accounting Services Limited

Contents

Directors and other information

Accountants report

Abridged statement of financial position

Statement of changes in equity

Notes to the financial statements

Benchmark Accounting Services Limited

Directors and other information


	Director	Eric Ashong


	Secretary	Eric Ashong


	Company number	10010297


	Registered office	187 High Road Leyton
		London
		E15 2BY


	Accountants	Ashford Louis
		Chartered Certified Accountants
		187 High Road Leyton
		London
		E15 2BY

Benchmark Accounting Services Limited

Chartered accountants report to the director on the preparation of the

unaudited statutory financial statements of Benchmark Accounting Services Limited

Year ended 31 May 2025

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 May 2025 which comprise the abridged statement of financial position, statement of changes in equity and related notes.

You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Ashford Louis

Chartered Certified Accountants

187 High Road Leyton

London

E15 2BY

26 May 2026

Benchmark Accounting Services Limited

Abridged statement of financial position

31 May 2025

		31/05/25		31/05/24
	Note	£	£	£	£

Fixed assets
Intangible assets	5	33,917		38,390
Tangible assets	6	9,901		3,265
Investments	7	147,000		130,000
		_______		_______
			190,818		171,655

Current assets
Stocks		1,440		1,150
Debtors		56,281		32,337
Cash at bank and in hand		11,405		40,848
		_______		_______
		69,126		74,335
Creditors: amounts falling due
within one year		( 108,439)		( 101,065)
		_______		_______
Net current liabilities			( 39,313)		( 26,730)
			_______		_______
Total assets less current liabilities			151,505		144,925

Creditors: amounts falling due
after more than one year			( 29,160)		( 34,567)
			_______		_______
Net assets			122,345		110,358
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			122,245		110,258
			_______		_______
Shareholder funds			122,345		110,358
			_______		_______

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has 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 their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 26 May 2026 , and are signed on behalf of the board by:

Eric Ashong

Director

Company registration number: 10010297

Benchmark Accounting Services Limited

Statement of changes in equity

Year ended 31 May 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 June 2023	100	90,707	90,807

Profit for the year		23,551	23,551
	_______	_______	_______
Total comprehensive income for the year	-	23,551	23,551

Dividends paid and payable		( 4,000)	( 4,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 4,000)	( 4,000)

	_______	_______	_______
At 31 May 2024 and 1 June 2024	100	110,258	110,358

Profit for the year		15,987	15,987
	_______	_______	_______
Total comprehensive income for the year	-	15,987	15,987

Dividends paid and payable		( 4,000)	( 4,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 4,000)	( 4,000)

	_______	_______	_______
At 31 May 2025	100	122,245	122,345
	_______	_______	_______

Benchmark Accounting Services Limited

Notes to the financial statements

Year ended 31 May 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 187 High Road Leyton, London, E15 2BY.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

At the time of approving the financial statements, having reviewed the company's current position, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, a period of not less than 12 months from the date ofapproval of these financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	10 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	20 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Work-in-progress

Work in progress (WIP) is billable hours spent on a client engagement that have not yet been invoiced, based on the service contract.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Staff costs

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

The aggregate payroll costs incurred during the year were:

	Year	Period
	ended	ended
	31/05/25	31/05/24
	£	£
Wages and salaries	91,003	94,167
Social security costs	2,296	280
Other pension costs	7,262	1,334
	_______	_______
	100,561	95,781
	_______	_______

5. Intangible assets


		£
	Cost
	At 1 June 2024 and 31 May 2025	64,725
		_______
	Amortisation
	At 1 June 2024	26,335
	Charge for the year	4,473
		_______
	At 31 May 2025	30,808
		_______
	Carrying amount
	At 31 May 2025	33,917
		_______
	At 31 May 2024	38,390
		_______

6. Tangible assets


		£
	Cost
	At 1 June 2024	18,686
	Additions	9,111
		_______
	At 31 May 2025	27,797
		_______
	Depreciation
	At 1 June 2024	15,421
	Charge for the year	2,475
		_______
	At 31 May 2025	17,896
		_______
	Carrying amount
	At 31 May 2025	9,901
		_______
	At 31 May 2024	3,265
		_______

7. Investments


		£
	Cost
	At 1 June 2024	130,000
	Additions	17,000
		_______
	At 31 May 2025	147,000
		_______
	Impairment
	At 1 June 2024 and 31 May 2025	-
		_______
	Carrying amount
	At 31 May 2025	147,000
		_______
	At 31 May 2024	130,000
		_______

8. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	Year	Period	Year	Period
	ended	ended	ended	ended
	31/05/25	31/05/24	31/05/25	31/05/24
	£	£	£	£
Entities with control over the entity	-	-	( 1,559)	( 129)
	_______	_______	_______	_______