BENJAMIN MOORE UK LIMITED - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09573012 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

BENJAMIN MOORE UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C I Shaw

D Calkins

T Griep

S O'Neill

REGISTERED OFFICE:

804 Oxford Avenue

Slough

England

SL1 4LN

REGISTERED NUMBER:

09573012 (England and Wales)

SENIOR STATUTORY AUDITOR:

David Fletcher BA BFP FCA

AUDITORS:

Just Audit Limited

Chartered Accountants & Statutory Auditors

Strelley Hall

Main Street

Strelley

Nottingham

NG8 6PE

FIXED ASSETS

Tangible assets

4

940,189

311,790

CURRENT ASSETS

Stocks

389,119

550,892

Debtors

5

400,003

340,619

Cash at bank and in hand

877,803

1,105,843

1,666,925

1,997,354

CREDITORS

Amounts falling due within one year

6

2,071,514

1,898,662

NET CURRENT (LIABILITIES)/ASSETS

(404,589

)

98,692

TOTAL ASSETS LESS CURRENT LIABILITIES

535,600

410,482

PROVISIONS FOR LIABILITIES

103,819

54,249

NET ASSETS

431,781

356,233

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

431,681

356,133

SHAREHOLDERS' FUNDS

431,781

356,233

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 7 September 2023 and were signed on its behalf by:

C I Shaw - Director

T Griep - Director

1.	STATUTORY INFORMATION

BENJAMIN MOORE UK LIMITED is a private company, limited by shares, registered in England and Wales. The company's registered number is 09573012 and the registered office address is 804 Oxford Avenue, Slough, England, SL1 4LN.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future due to the fact that the company has the continued support of the group. Despite the COVID-19 pandemic the group have continued to trade well. The directors have been given assurance that this support will continue for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer (usually on despatch or retail sale of the goods).

Tangible fixed assets

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

Short leasehold improvements - Straight line over term of lease

Plant and machinery - Straight line over 7 to 10 years as appropriate

Fixtures and fittings - Straight line over 10 years

Computer equipment - Straight line over 3 years

Tangible fixed assets are stated at cost less accumulated depreciation and any recognised impairment loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2021 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2022

134,839

388,556

523,395

Additions

12,010

745,089

757,099

At 31 December 2022

146,849

1,133,645

1,280,494

DEPRECIATION

At 1 January 2022

54,579

157,026

211,605

Charge for year

22,619

106,081

128,700

At 31 December 2022

77,198

263,107

340,305

NET BOOK VALUE

At 31 December 2022

69,651

870,538

940,189

At 31 December 2021

80,260

231,530

311,790

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/22

31/12/21

£

£

Trade debtors

238,250

221,159

Other debtors

161,753

119,460

400,003

340,619

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/22

31/12/21

£

£

Trade creditors

40,802

24,339

Amounts owed to group undertakings

1,655,636

1,433,327

Taxation and social security

31,638

44,177

Other creditors

343,438

396,819

2,071,514

1,898,662

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/12/22

31/12/21

£

£

Within one year

222,156

205,891

Between one and five years

569,393

438,556

791,549

644,447

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/22

31/12/21

value:

£

£

100

Ordinary

£1

100

100

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Fletcher BA BFP FCA (Senior Statutory Auditor)

for and on behalf of Just Audit Limited

10.	ULTIMATE CONTROLLING PARTY