Benjamin Clowes Limited Accounts

BENJAMIN CLOWES LIMITED - Company Information






Benjamin Clowes Limited

	Company No. 01637991
		Information for Filing with The Registrar
		31 March 2021

The Directors present their report and the accounts for the year ended 31 March 2021.

Principal activities
The principal activity of the company during the year under review was that of providing accountancy and taxation services.




Directors

The Directors who served at any time during the year were as follows:

E.L. Clowes
H.B.B. Clowes




































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

H.B.B. Clowes
Director
01 June 2021

at	31 March 2021
Company No.		01637991	Notes	2021	2020
				£	£
Fixed assets

	Tangible assets		4	-	-



Current assets
	Work-in-progress		5	2,000	500
	Debtors		6	78	2,944

	Cash at bank and in hand			43,143	60,626
				45,221	64,070
Creditors: Amount falling due within one year			7	(37,677)	(45,880)
Net current assets				7,544	18,190
Total assets less current liabilities				7,544	18,190




Net assets				7,544	18,190

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		8	7,444	18,090

Total equity				7,544	18,190



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 March 2021 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 01 June 2021
And signed on its behalf by:
H.B.B. Clowes
Director
01 June 2021

for the year ended 31 March 2021

General information

Its registered number is: 01637991

Its registered office is:

Its trading address is:

Preston Court

Preston-on-Wye

Hereford

HR2 9JU

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

25% Straight line

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

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

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3	Employees
			2021	2020
			Number	Number
		The average monthly number of employees (including directors) during the year was:	2	2

4	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation
		At 1 April 2020	30,754	30,754




		At 31 March 2021	30,754	30,754
		Depreciation
		At 1 April 2020	30,754	30,754




		At 31 March 2021	30,754	30,754
		Net book values
		At 31 March 2021	-	-
		At 31 March 2020	-	-

5	Work-in-progress
			2021	2020
			£	£

		Work in progress	2,000	500

			2,000	500

6	Debtors
			2021	2020
			£	£
		Trade debtors	-	2,944





		Other debtors	78	-

			78	2,944

7	Creditors:
		amounts falling due within one year
			2021	2020
			£	£






		Corporation tax	24,772	26,422
		Other taxes and social security	6,901	10,626
		Loans from directors	4,934	7,748
		Other creditors	1,071	1,084
		Accruals and deferred income	(1)	-
			37,677	45,880

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

9	Dividends
			2021	2020
			£	£
		Dividends for the period:
		Dividends paid in the period	112,000	118,000

			112,000	118,000

		Dividends by type:

		Equity dividends	112,000	118,000
			112,000	118,000

Related party disclosures

Name of related party

H.B.B. Clowes

Description of relationship between the parties

Director

Description of transaction and general amounts involved

The directors rent out part of their main residence to the company at an open market value rent of £6500 per annum.

Amount due from/(to) the related party

Provision for doubtful debts due from the related party

Amounts written off in the period in respect of debts from/(to) the related party