Company Registration No. 05805424 (England and Wales)
BENETH LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016
BENETH LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
BENETH LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
35,890
19,522
Current assets
Stocks
1,772
-
Debtors
6,643
4,900
Cash at bank and in hand
21,735
6,582
30,150
11,482
Creditors: amounts falling due within one year
(72,227)
(23,021)
Net current liabilities
(42,077)
(11,539)
Total assets less current liabilities
(6,187)
7,983
Provisions for liabilities
-
(1,468)
(6,187)
6,515
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
(7,187)
5,515
Shareholders' funds
(6,187)
6,515
For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 3 January 2017
K Shaw
Director
Company Registration No. 05805424
BENETH LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
15% - Reducing balance
Motor vehicles
25% - Reducing balance
1.5
Going Concern
The company's day to day working capital requirements are met with the support of the director and its associated company.
2
Fixed assets
Tangible assets
£
Cost
At 1 June 2015
26,030
Additions
24,999
At 31 May 2016
51,029
Depreciation
At 1 June 2015
6,508
Charge for the year
8,631
At 31 May 2016
15,139
Net book value
At 31 May 2016
35,890
At 31 May 2015
19,522
BENETH LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000