Benring Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03474924 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th September 2019

for

Benring Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr A T Grimes

SECRETARY:

Mr A T Grimes

REGISTERED OFFICE:

6 Manchester Road

Buxton

Derbyshire

SK17 6SB

REGISTERED NUMBER:

03474924 (England and Wales)

ACCOUNTANTS:

Laytons

Chartered Accountants

6 Manchester Road

Buxton

Derbyshire

SK17 6SB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,488

1,494

1,488

1,494

CURRENT ASSETS

Stocks

11,750

12,390

Debtors

12,062

5,157

Cash at bank

4,908

16,394

28,720

33,941

CREDITORS

Amounts falling due within one year

44,481

32,005

NET CURRENT (LIABILITIES)/ASSETS

(15,761

)

1,936

TOTAL ASSETS LESS CURRENT LIABILITIES

(14,273

)

3,430

CAPITAL AND RESERVES

Called up share capital

110

220

Retained earnings

(14,383

)

3,210

SHAREHOLDERS' FUNDS

(14,273

)

3,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th September 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd June 2020 and were signed by:

Mr A Grimes - Director

1.	STATUTORY INFORMATION

Benring Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st October 2018

and 30th September 2019

36,727

AMORTISATION

At 1st October 2018

and 30th September 2019

36,727

NET BOOK VALUE

At 30th September 2019

-

At 30th September 2018

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st October 2018

and 30th September 2019

1,770

DEPRECIATION

At 1st October 2018

276

Charge for year

6

At 30th September 2019

282

NET BOOK VALUE

At 30th September 2019

1,488

At 30th September 2018

1,494

6.	RELATED PARTY DISCLOSURES

Included in Creditors is £32,775 (2018: £18,375) owing to the director. This loan is interest free and

repayable on demand.