Company Registration No. 08200809 (England and Wales)
Benson & Company Ltd
Unaudited accounts
for the year ended 31 December 2018
Benson & Company Ltd
Unaudited accounts
Contents
Benson & Company Ltd
Company Information
for the year ended 31 December 2018
Company Number
08200809 (England and Wales)
Registered Office
20-22 WENLOCK ROAD
LONDON
N1 7GU
ENGLAND
Accountants
First Call Accounting Ltd
1st Floor Audit House
151 High Street
Billericay
Essex
CM12 9AB
Benson & Company Ltd
Statement of financial position
as at
31 December 2018
Cash at bank and in hand
3,564
1,382
Creditors: amounts falling due within one year
(66,111)
(71,033)
Net current liabilities
(58,203)
(62,170)
Net liabilities
(58,203)
(62,170)
Called up share capital
100
100
Profit and loss account
(58,303)
(62,270)
Shareholders' funds
(58,203)
(62,170)
For the year ending 31 December 2018 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 16 September 2019.
Ben Benson
Director
Company Registration No. 08200809
Benson & Company Ltd
Notes to the Accounts
for the year ended 31 December 2018
Benson & Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 08200809. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line
Although there is a deficiency of assets in the Balance Sheet, there is sufficient funding available, in the director's opinion, to finance ongoing operations, and accordingly the going concern basis is applicable.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Benson & Company Ltd
Notes to the Accounts
for the year ended 31 December 2018
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
7
Creditors: amounts falling due within one year
2018
2017
Trade creditors
4,816
870
Taxes and social security
999
4
Other creditors
1,044
1,420
Loans from directors
58,052
67,539
Other creditors includes the balance owed to the Director of £58,052 (2017 £67,539). There are no repayment plans and no interest charged.
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
69,869
6,951
18,768
58,052
69,869
6,951
18,768
58,052
9
Average number of employees
During the year the average number of employees was 1 (2017: 1).