Company Registration No. 09029133 (England and Wales)
BENN JENKINS TELECOMS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2018
PAGES FOR FILING WITH REGISTRAR
BENN JENKINS TELECOMS LIMITED
BALANCE SHEET
AS AT
30 APRIL 2018
30 April 2018
1
2018
2017
Notes
£
£
£
£
Fixed assets
Tangible assets
2
4,914
1,585
Current assets
Debtors
3
10,714
4,820
Cash at bank and in hand
5,370
4,261
16,084
9,081
Creditors: amounts falling due within one year
4
(20,839)
(10,646)
Net current liabilities
(4,755)
(1,565)
Total assets less current liabilities
159
20
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
158
19
Total equity
159
20
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and signed by the director and authorised for issue on 12 July 2018
Mr Benn Jenkins
BENN JENKINS TELECOMS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2018
30 April 2018
2
Director
Company Registration No. 09029133
BENN JENKINS TELECOMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2018
3
1
Accounting policies
Company information
Benn Jenkins Telecoms Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
198 Shirley Road, Southampton, UK, SO15 3FL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
25% reducing balance
Fixtures, fittings & equipment
25% Straight line
Motor vehicles
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.4
Cash and cash equivalents
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
BENN JENKINS TELECOMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2018
1
Accounting policies (Continued)
4
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
1.6
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
2
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 May 2017
-
2,731
-
2,731
Additions
425
675
4,250
5,350
At 30 April 2018
425
3,406
4,250
8,081
Depreciation and impairment
At 1 May 2017
-
1,146
-
1,146
Depreciation charged in the year
106
852
1,063
2,021
At 30 April 2018
106
1,998
1,063
3,167
Carrying amount
At 30 April 2018
319
1,408
3,187
4,914
At 30 April 2017
-
1,585
-
1,585
BENN JENKINS TELECOMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2018
5
3
Debtors
2018
2017
Amounts falling due within one year:
£
£
Trade debtors
10,714
4,820
4
Creditors: amounts falling due within one year
2018
2017
£
£
Trade creditors
-
836
Corporation tax
3,441
2,402
Other taxation and social security
2,792
3,483
Other creditors
14,606
3,925
20,839
10,646
5
Called up share capital
2018
2017
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary of £1 each
1
1
1
1
6
Controlling party
The ultimate controlling party is the director B Jenkins, by virtue of his shareholdings.
7
Employees
The average monthly number of persons (including directors) employed by the company during the year was 1 (2017 - 1).