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Registered number: 02384041
TREVOR BENTON GROUP LIMITED
UNAUDITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
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TREVOR BENTON GROUP LIMITED
REGISTERED NUMBER: 02384041
ABBREVIATED BALANCE SHEET
AS AT 31 DECEMBER 2015
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CREDITORS: amounts falling due within one year
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TOTAL ASSETS LESS CURRENT LIABILITIES
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CREDITORS: amounts falling due after more than one year
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PROVISIONS FOR LIABILITIES
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Page 1
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TREVOR BENTON GROUP LIMITED
ABBREVIATED BALANCE SHEET (continued)
AS AT 31 DECEMBER 2015
The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 December 2015 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf by:
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Mr A T Benton
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The notes on pages 3 to 6 form part of these financial statements.
Page 2
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TREVOR BENTON GROUP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
1.ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Turnover comprises revenue recognised by the company in respect of administration charges and van hire during the year, net of VAT. Income is recognised monthly.
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Tangible fixed assets and depreciation
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Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
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Contrary to the requirements of the Financial Reporting Standards for Smaller Entities (effective April 2008), no depreciation has been provided on the land element of the freehold property as the land is maintained in such a state that its residual value is at least equal to its book value. As a result the corresponding depreciation would not be material and therefore is not charged to the profit and loss account.
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Investments held as fixed assets are shown at cost less provision for impairment.
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Investment properties are included in the Balance Sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and are not depreciated.
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Leasing and hire purchase
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Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Profit and Loss Account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
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Page 3
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TREVOR BENTON GROUP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
1.ACCOUNTING POLICIES (continued)
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Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
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A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted.
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The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.
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2.TANGIBLE FIXED ASSETS
Page 4
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TREVOR BENTON GROUP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
3.INVESTMENT PROPERTY
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At 1 January 2015 and 31 December 2015
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The 2015 valuations were made by the directors, on an open market value for existing use basis.
4.FIXED ASSET INVESTMENTS
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At 1 January 2015 and 31 December 2015
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Subsidiary undertakings
The following were subsidiary undertakings of the company:
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Trevor Benton Construction Limited
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The aggregate of the share capital and reserves as at 31 December 2015 and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:
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Aggregate of share capital and reserves
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Trevor Benton Construction Limited
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5.CREDITORS:
Amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £Nil (2014 - £23,818).
Page 5
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TREVOR BENTON GROUP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
6.SHARE CAPITAL
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Allotted, called up and fully paid
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3,000 Ordinary shares of £1 each
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500 Ordinary A shares of £1 each
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500 Ordinary B shares of £1 each
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500 Ordinary C shares of £1 each
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500 Ordinary D shares of £1 each
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Page 6
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