Company Registration No. 03639715 (England and Wales)
BENSLOW MANAGEMENT COMPANY LIMITED
Unaudited accounts
for the year ended 29 September 2022
BENSLOW MANAGEMENT COMPANY LIMITED
Unaudited accounts
Contents
BENSLOW MANAGEMENT COMPANY LIMITED
Company Information
for the year ended 29 September 2022
Directors
Stephen McQuinn
Susan McQuinn
Company Number
03639715 (England and Wales)
Registered Office
ROBIN HOOD HOUSE NETTLEDEN ROAD
LITTLE GADDESDEN
BERKHAMSTED
HP4 1PL
ENGLAND
Accountants
CS Scott Accounting LLP
Suite 1, Hardy House
Northbridge Road
Berkhamsted
Hertfordshire
HP4 1EF
BENSLOW MANAGEMENT COMPANY LIMITED
Statement of financial position
as at 29 September 2022
Tangible assets
4,114,511
4,141,014
Cash at bank and in hand
518,823
608,375
Creditors: amounts falling due within one year
(771,269)
(961,117)
Net current assets
363,872
86,644
Total assets less current liabilities
4,478,383
4,227,658
Creditors: amounts falling due after more than one year
(2,616,877)
(2,834,146)
Provisions for liabilities
Deferred tax
(41,661)
(41,661)
Net assets
1,819,845
1,351,851
Called up share capital
8
8
Profit and loss account
1,819,837
1,351,843
Shareholders' funds
1,819,845
1,351,851
For the year ending 29 September 2022 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2023 and were signed on its behalf by
Stephen McQuinn
Director
Company Registration No. 03639715
BENSLOW MANAGEMENT COMPANY LIMITED
Notes to the Accounts
for the year ended 29 September 2022
BENSLOW MANAGEMENT COMPANY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03639715. The registered office is ROBIN HOOD HOUSE NETTLEDEN ROAD, LITTLE GADDESDEN, BERKHAMSTED, HP4 1PL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
1% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
BENSLOW MANAGEMENT COMPANY LIMITED
Notes to the Accounts
for the year ended 29 September 2022
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
At 30 September 2021
160,249
At 29 September 2022
160,249
At 30 September 2021
160,249
At 29 September 2022
160,249
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 30 September 2021
4,034,407
29,239
999,693
5,063,339
Additions
-
29,560
31,754
61,314
At 29 September 2022
4,034,407
58,799
1,031,447
5,124,653
At 30 September 2021
124,394
8,337
789,594
922,325
Charge for the year
40,344
3,080
44,393
87,817
At 29 September 2022
164,738
11,417
833,987
1,010,142
At 29 September 2022
3,869,669
47,382
197,460
4,114,511
At 29 September 2021
3,910,013
20,902
210,099
4,141,014
BENSLOW MANAGEMENT COMPANY LIMITED
Notes to the Accounts
for the year ended 29 September 2022
Amounts falling due within one year
Trade debtors
291,222
171,976
Accrued income and prepayments
17,467
11,739
Other debtors
307,629
255,671
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
354,093
354,093
Obligations under finance leases and hire purchase contracts
5,978
15,197
Trade creditors
172,346
117,249
Taxes and social security
184,142
213,043
Other creditors
35,985
172,246
Loans from directors
280
59,764
8
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
2,605,525
2,818,752
Obligations under finance leases and hire purchase contracts
11,352
15,394
Allotted, called up and fully paid:
8 Ordinary shares of £1 each
8
8
10
Average number of employees
During the year the average number of employees was 120 (2021: 121).
