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Unaudited Financial Statements for the Year Ended 31 January 2019 |
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Ben Nock Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 January 2019 |
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for |
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Ben Nock Limited |
Ben Nock Limited (Registered number: 03844187) |
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Contents of the Financial Statements |
for the Year Ended 31 January 2019 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Ben Nock Limited |
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Company Information |
for the Year Ended 31 January 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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Ben Nock Limited (Registered number: 03844187) |
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Statement of Financial Position |
31 January 2019 |
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31.1.19 | 31.1.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than
one year |
8 |
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( |
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PROVISIONS FOR LIABILITIES | 9 | ( |
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NET ASSETS |
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Ben Nock Limited (Registered number: 03844187) |
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Statement of Financial Position - continued |
31 January 2019 |
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31.1.19 | 31.1.18 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 10 |
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Retained earnings | 11 |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
signed on its behalf by: |
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Ben Nock Limited (Registered number: 03844187) |
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Notes to the Financial Statements |
for the Year Ended 31 January 2019 |
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1. | STATUTORY INFORMATION |
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Ben Nock Limited is a
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The company's registered number and registered office address can be found on the |
Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Significant judgements and estimates |
The preparation of the financial statements in conformity with generally accepted accounting |
principles requires the Directors to make estimates and assumptions that affect the reported |
amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date |
of the financial statements and the reported amounts of revenue and expenses during the |
reporting period. Actual results in the future could differ from those estimates. Management |
consider that certain accounting assumptions relating to revenue, goodwill, taxation and |
provisions are its critical accounting policies. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Goodwill |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are |
measured at cost less any accumulated amortisation and any accumulated impairment |
losses. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance |
for obsolete and slow moving items. |
Ben Nock Limited (Registered number: 03844187) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2019 |
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2. | ACCOUNTING POLICIES - continued |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the |
balance sheet. Those held under hire purchase contracts are depreciated over their |
estimated useful lives. Those held under finance leases are depreciated over their |
estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. |
The capital element of the future payments is treated as a liability. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 February 2018 |
and 31 January 2019 |
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AMORTISATION |
At 1 February 2018 |
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Amortisation for year |
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At 31 January 2019 |
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NET BOOK VALUE |
At 31 January 2019 |
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At 31 January 2018 |
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Ben Nock Limited (Registered number: 03844187) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2019 |
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Plant and | and |
property | machinery | fittings |
£ | £ | £ |
COST |
At 1 February 2018 |
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Additions |
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Disposals |
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At 31 January 2019 |
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DEPRECIATION |
At 1 February 2018 |
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Charge for year |
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Eliminated on disposal |
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At 31 January 2019 |
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NET BOOK VALUE |
At 31 January 2019 |
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At 31 January 2018 |
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Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 February 2018 |
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Additions |
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Disposals |
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( |
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At 31 January 2019 |
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DEPRECIATION |
At 1 February 2018 |
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Charge for year |
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Eliminated on disposal |
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( |
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At 31 January 2019 |
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NET BOOK VALUE |
At 31 January 2019 |
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At 31 January 2018 |
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Ben Nock Limited (Registered number: 03844187) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2019 |
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5. | TANGIBLE FIXED ASSETS - continued |
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Fixed assets, included in the above, which are held under hire purchase contracts are as |
follows: |
Plant and |
machinery |
£ |
COST |
At 1 February 2018 |
and 31 January 2019 |
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DEPRECIATION |
At 1 February 2018 |
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Charge for year |
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At 31 January 2019 |
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NET BOOK VALUE |
At 31 January 2019 |
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At 31 January 2018 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.19 | 31.1.18 |
£ | £ |
Trade debtors |
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Bad debt provision | (5,685 | ) | - |
Retentions | 32,812 | 19,628 |
Amounts owed by group undertakings |
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Corporation tax debtor | - | 7,802 |
Directors' current accounts | 2,284 | - |
Prepayments and accrued income |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.19 | 31.1.18 |
£ | £ |
Hire purchase contracts |
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Trade creditors |
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Tax |
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Social security and other taxes |
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Pension control | 9,861 | - |
Wages control | 6,425 | - |
VAT | 11,319 | 33,885 |
Other creditors |
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Directors' current accounts | - | 25,652 |
Accrued expenses |
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Ben Nock Limited (Registered number: 03844187) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2019 |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
31.1.19 | 31.1.18 |
£ | £ |
Hire purchase contracts |
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9. | PROVISIONS FOR LIABILITIES |
31.1.19 | 31.1.18 |
£ | £ |
Deferred tax | 48,864 | 56,233 |
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Deferred |
tax |
£ |
Balance at 1 February 2018 |
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Credit to Income Statement during year | ( |
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Balance at 31 January 2019 |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.1.19 | 31.1.18 |
value: | £ | £ |
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Ordinary | £1 | 2 | 2 |
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11. | RESERVES |
Retained |
earnings |
£ |
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At 1 February 2018 |
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Profit for the year |
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At 31 January 2019 |
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