Registered Number
:
06463277
|
For the year ended 31 January 2021
England and Wales
Unaudited Financial Statements
For the year ended 31 January 2021
Benton Cooling Limited
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
Benton Cooling Limited
Statement of Financial Position
2020
2021
Property
,
plant and equipment
|
14,580
14,431
3
14,580
14,431
6,925
7,159
4
Trade and other receivables
|
14,736
8,524
5
2,048
Cash and cash equivalents
|
20,510
36,193
23,709
Trade and other payables
:
amounts falling due within one
|
year
|
(19,623)
(28,686)
6
4,086
7,507
Net current assets
Total assets less current liabilities
|
22,087
18,517
Trade and other payables
:
amounts falling due after more
|
than one year
|
(3,750)
(750)
7
(2,770)
(2,453)
Provisions for liabilities
|
18,567
Net assets
12,314
100
100
18,467
12,214
18,567
12,314
Shareholders' funds
For the year ended 31 January 2021 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 ended 31 January 2021 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 31 July 2021 and were signed by:
|
1 of 6
For the year ended 31 January 2021
Benton Cooling Limited
Statement of Financial Position Continued
The notes form part of these financial statements
|
2 of 6
For the year ended 31 January 2021
Benton Cooling Limited
Notes to the Financial Statements
Statutory Information
Benton Cooling Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
06463277
.
|
The Meadows
Carno Road
Caersws
Powys
SY17 5JA
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
''
The Financial Reporting Standard applicable in the UK and Republic of Ireland
''
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
|
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of 5 years.
|
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and Machinery
Office Equipment
Motor Vehicles
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
|
Deferred tax
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that : - The recognition of deferred tax assets is limited to the extent that it is probable that they would be recovered against the reversal of deferred tax liabilities or other future taxable profits; and - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combination, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair value of liabilities acquired and the amount assessed for tax rates and laws that have been enacted of subsequently enancted at the balance sheet date.
|
3 of 6
For the year ended 31 January 2021
Benton Cooling Limited
Notes to the Financial Statements Continued
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
2
.
Intangible fixed assets
|
Goodwill
15,000
15,000
15,000
15,000
-
-
3
.
Property
,
plant and equipment
|
Motor Vehicles
29,399
1,548
24,000
3,851
3,795
-
3,795
-
3,851
27,795
1,548
33,194
Provision for depreciation and impairment
|
14,968
1,290
10,560
3,118
Charge for year
3,646
52
3,447
147
18,614
1,342
14,007
3,265
586
13,788
206
14,580
733
13,440
258
14,431
4 of 6
For the year ended 31 January 2021
Benton Cooling Limited
Notes to the Financial Statements Continued
2020
2021
7,159
6,925
Stocks are stated at the lower of cost and net realisable value, being estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributed overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
|
5
.
Trade and other receivables
|
2020
2021
8,356
14,573
Prepayments and accrued income
|
168
163
14,736
8,524
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured iniatially at fair value, net of transaction costs, and are ,easured subsequently at amortised cost using the effective interest method, less any impairment.
|
5 of 6
For the year ended 31 January 2021
Benton Cooling Limited
Notes to the Financial Statements Continued
6
.
Trade and other payables
:
amounts falling due within one year
|
2020
2021
Bank loans and overdraft
(
secured
)
|
10,000
-
4,803
4,654
Taxation and social security
|
8,809
8,750
Accruals and deferred income
|
975
1,270
Obligations under HP
/
Financial leases
|
3,000
3,000
1,099
1,949
28,686
19,623
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 measured subsequently at amortised cost using the effective interest method. Provisions for liabilities Provisions are made where an event has taken place that give the Company a legal or constructive obligation that probably requires settlement by transfer of economic benefit, and a reliable estimate can be madde of the amount of the obligation. Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertanties. When payments are eventually made, they are charged to the provision carried in the Balance sheet.
|
7
.
Trade and other payables
:
amounts falling due after more than one year
|
2020
2021
3,750
750
Obligations under HP
/
Financial leases
|
8
.
Average number of persons employed
|
During the year the average number of employees was 2 (2020 : 2)
6 of 6