ACCOUNTS - Final Accounts

BENCH GRADE BRANDS HOLDINGS LIMITED - Company Information

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Bench Grade Brands Holdings Limited

Registered number: 08924701

Information for filing with the registrar

For the year ended 31 March 2020

BENCH GRADE BRANDS HOLDINGS LIMITED

REGISTERED NUMBER: 08924701

BALANCE SHEET

AS AT 31 MARCH 2020

		2020		2019
Note		£		£

Fixed assets
Investments	4		200		200
			200		200
Current assets
Debtors	5	100		100
		100		100
Creditors: Amounts falling due within one year	6	(200)		(200)
Net current liabilities			(100)		(100)
Total assets less current liabilities			100		100

Net assets			100		100

Capital and reserves
Called up share capital	7	100	100
		100	100

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

E G Campbell

Director

Date: 26 March 2021

The notes on pages 2 to 4 form part of these financial statements.

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BENCH GRADE BRANDS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

1.	General information

Bench Grade Brands Holdings Limited is a private company limited by shares and is registered in England. The Company's registered number is 08924701. The address of its registered office address is 3 Bakehouse Rise, Naseby, Northampton, NN6 6DQ.
The principal activity of the Company during the year continued to be that of a holding company.
The financial statements have been presented in Pounds Sterling (£) as this is the currency of the primary economic environment in which the company operates and is rounded to the nearest pound.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102 ("FRS 102"), the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

The Director considers that the Company has adequate resources to continue in operational existence for the foreseeable future. The key potential source of uncertainty noted by the Director is the Coronavirus and COVID-19 pandemic. However at the date of this report it is not possible to reliably determine the effects that these developments will have on the Company. Accordingly the Director has continued to prepare the financial statements on the going concern basis.

2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at transaction value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at transaction value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

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BENCH GRADE BRANDS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

2.Accounting policies (continued)

2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

Employees

The average monthly number of employees, including Directors, during the year was 1 (2019 - 1).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost
	At 1 April 2019	200
	At 31 March 2020	200

Subsidiary undertakings
The following were subsidiary undertakings of the Company:
Name	Class of shares	Holding

	Bench Grade Brands Limited	Ordinary	100%
	Bench Grade Brands Wholesale Limited	Ordinary	100%

Debtors

					2020	2019
					£	£


Other debtors	100	100

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BENCH GRADE BRANDS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

6.	Creditors: Amounts falling due within one year
		2020	2019
		£	£

Other creditors	200	200
	200	200

7.	Share capital
		2020	2019
		£	£

Allotted, called up and fully paid

100 Ordinary shares of £1.00 each	100	100

Reserves

Profit and loss Account

The profit and loss account represents the cumulative profits and losses of the Company.

9.	Related party transactions
	The Company has taken advantage of the exemption permitted by FRS 102 Section 1A Appendix C.34-36 "Related Party Disclosures" not to provide disclosures of transactions entered into with other wholly owned members of the Group.

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