Ben Spence Ltd

Ben Spence Ltd

BEN SPENCE LTD - Company Information

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1 February 2022 false No description of principal activity Taxfiler 2023.7 5666589business:PrivateLimitedCompanyLtd2022-02-012023-01-31 56665892022-01-31 56665892022-02-012023-01-31 5666589business:AuditExempt-NoAccountantsReport2022-02-012023-01-31 5666589business:FilletedAccounts2022-02-012023-01-31 56665892023-01-31 5666589business:Director12022-02-012023-01-31 5666589business:RegisteredOffice2022-02-012023-01-31 56665892022-01-31 5666589core:WithinOneYear2023-01-31 5666589core:WithinOneYear2022-01-31 5666589core:AfterOneYear2023-01-31 5666589core:AfterOneYear2022-01-31 5666589core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 5666589core:ShareCapitalcore:PreviouslyStatedAmount2022-01-31 5666589core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 5666589core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-31 5666589core:PreviouslyStatedAmount2023-01-31 5666589core:PreviouslyStatedAmount2022-01-31 5666589business:SmallEntities2022-02-012023-01-31 5666589countries:EnglandWales2022-02-012023-01-31 5666589core:PlantMachinery2022-02-012023-01-31 5666589core:MotorVehicles2022-02-012023-01-31 5666589core:PlantMachinery2022-01-31 5666589core:MotorVehicles2022-01-31 5666589core:PlantMachinery2023-01-31 5666589core:MotorVehicles2023-01-31 5666589business:OrdinaryShareClass12022-02-012023-01-31 5666589business:OrdinaryShareClass12021-02-012022-01-31 56665892021-02-012022-01-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 5666589 (England and Wales)
Ben Spence Ltd Unaudited accounts for the year ended 31 January 2023
Ben Spence Ltd Unaudited accounts Contents
Page
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Ben Spence Ltd Company Information for the year ended 31 January 2023
Director
Benedict Spence
Company Number
5666589 (England and Wales)
Registered Office
FLAT 3, SODA STUDIOS 268 KINGSLAND ROAD LONDON E8 4BH
Accountants
David Meyer FCCA 2 Downage London NW4 1AA
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Ben Spence Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
142,387 
176,497 
Current assets
Debtors
5
16,109 
- 
Cash at bank and in hand
227,441 
163,253 
243,550 
163,253 
Creditors: amounts falling due within one year
6
(56,735)
(64,052)
Net current assets
186,815 
99,201 
Total assets less current liabilities
329,202 
275,698 
Creditors: amounts falling due after more than one year
7
(24,237)
(34,167)
Net assets
304,965 
241,531 
Capital and reserves
Called up share capital
8
100 
100 
Profit and loss account
304,865 
241,431 
Shareholders' funds
304,965 
241,531 
For the year ending 31 January 2023 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 director acknowledges his 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 and authorised for issue on 5 September 2023 and were signed on its behalf by
Benedict Spence Director Company Registration No. 5666589
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Ben Spence Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Ben Spence Ltd is a private company, limited by shares, registered in England and Wales, registration number 5666589. The registered office is FLAT 3, SODA STUDIOS, 268 KINGSLAND ROAD, LONDON, E8 4BH.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
686,844 
76,873 
763,717 
Additions
13,351 
- 
13,351 
At 31 January 2023
700,195 
76,873 
777,068 
Depreciation
At 1 February 2022
528,589 
58,631 
587,220 
Charge for the year
42,901 
4,560 
47,461 
At 31 January 2023
571,490 
63,191 
634,681 
Net book value
At 31 January 2023
128,705 
13,682 
142,387 
At 31 January 2022
158,255 
18,242 
176,497 
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Ben Spence Ltd Notes to the Accounts for the year ended 31 January 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
16,109 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
12,179 
11,400 
Taxes and social security
34,068 
30,857 
Loans from directors
488 
11,795 
56,735 
64,052 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
24,237 
34,167 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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