BENCHMARK_DESIGNS_LIMITED - Accounts

BENCHMARK DESIGNS LIMITED - Company Information

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Company Registration No. 06527908 (England and Wales)

BENCHMARK DESIGNS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

BENCHMARK DESIGNS LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

3 - 4

BENCHMARK DESIGNS LIMITED

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BENCHMARK DESIGNS LIMITED FOR THE YEAR ENDED 31 MARCH 2014

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Benchmark Designs Limited for the year ended 31 March 2014, set out on pages 3 to 8 from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/gb/en/member/professional-standards/rules-standards/acca-rulebook.html.")

Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc.

It is your duty to ensure that Benchmark Designs Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Benchmark Designs Limited. You consider that Benchmark Designs Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Benchmark Designs Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

DBH

9 September 2014

Chartered Certified Accountants

16 Dorcan Business Village

Murdock Road, Dorcan

Swindon

Wiltshire

SN3 5HY

BENCHMARK DESIGNS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 2 -

2014

2013

Notes

Fixed assets

Tangible assets

163,631

37,110

Current assets

Stocks

20,000

Debtors

778,426

200,616

Cash at bank and in hand

15,809

347,769

814,235

568,385

Creditors: amounts falling due within one year

(459,456)

(351,843)

Net current assets

354,779

216,542

Total assets less current liabilities

518,410

253,652

Creditors: amounts falling due after more than one year

(97,477)

Provisions for liabilities

(1,592)

Accruals and deferred income

(25,870)

393,471

252,060

Capital and reserves

Called up share capital

100

Profit and loss account

393,371

251,960

Shareholders' funds

393,471

252,060

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 9 September 2014

Mr S Jefferies

Director

Company Registration No. 06527908

BENCHMARK DESIGNS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

Nil

Fixtures, fittings & equipment

3 years

Motor vehicles

5 years

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Government grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

BENCHMARK DESIGNS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 4 -

Fixed assets

Tangible assets

Cost

At 1 April 2013

73,777

Additions

147,753

Disposals

(14,500)

At 31 March 2014

207,030

Depreciation

At 1 April 2013

36,667

On disposals

(8,700)

Charge for the year

15,432

At 31 March 2014

43,399

Net book value

At 31 March 2014

163,631

At 31 March 2013

37,110

Creditors: amounts falling due after more than one year

2014

2013

Total amounts repayable by instalments which are due in more than five years

(97,477)

The aggregate amount of creditors for which security has been given amounted to £97,477 (2013 - £0).

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary share of £1 each

100