Benslie Limited - Limited company accounts 16.1

Benslie Limited - Limited company accounts 16.1

BENSLIE LIMITED - Company Information

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SC314327 1.2.15 31.1.16 31.1.16 Company accounts Private Limited Company FY true false false false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC3143272015-01-31SC3143272016-01-31SC3143272015-02-012016-01-31SC3143272014-01-31SC3143272014-02-012015-01-31SC3143272015-01-31SC314327ns12:Scotland2015-02-012016-01-31SC314327ns14:PoundSterling2015-02-012016-01-31SC314327ns7:Director12015-02-012016-01-31SC314327ns7:OrdinaryShareClass12015-02-012016-01-31SC314327ns7:CompanySecretary2015-02-012016-01-31SC314327ns7:RegisteredOffice2015-02-012016-01-31SC314327ns7:AllEntityOfficers2015-02-012016-01-31SC314327ns7:AllEntityOfficers2014-02-012015-01-31SC314327ns7:OrdinaryShareClass12016-01-31SC314327ns7:OrdinaryShareClass12015-01-31
REGISTERED NUMBER: SC314327 (Scotland)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 January 2016

for

Benslie Limited

Benslie Limited (Registered number: SC314327)

Contents of the Financial Statements
for the Year Ended 31 January 2016










Page

Company Information 1

Report of the Director 2

Profit and Loss Account 3

Balance Sheet 4

Notes to the Financial Statements 5


Benslie Limited

Company Information
for the Year Ended 31 January 2016







DIRECTOR: Joanne Wight





SECRETARY: Lawsons Secretaries Limited





REGISTERED OFFICE: 69 Brunswick Street
Edinburgh
EH7 5HT





REGISTERED NUMBER: SC314327 (Scotland)





Page 1
Benslie Limited (Registered number: SC314327)

Report of the Director
for the Year Ended 31 January 2016


The director presents her report with the financial statements of the company for the year ended 31 January 2016.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of distribution and installation of equipment for
airports.

DIRECTOR
Joanne Wight held office during the whole of the period from 1 February 2015 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with
applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director
has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting
Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not
approve the financial statements unless she is satisfied that they give a true and fair view of the state of affairs of the
company and of the profit or loss of the company for that period. In preparing these financial statements, the director is
required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company
will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the
company's transactions and disclose with reasonable accuracy at any time the financial position of the company and
enable her to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for
safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud
and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small
companies.

ON BEHALF OF THE BOARD:





Joanne Wight - Director


31 October 2016

Page 2
Benslie Limited (Registered number: SC314327)

Profit and Loss Account
for the Year Ended 31 January 2016

31.1.16 31.1.15
Notes £    £   

TURNOVER 4,741,204 2,977,221

Cost of sales 4,722,925 2,890,712
GROSS PROFIT 18,279 86,509

Administrative expenses 30,678 26,863
OPERATING (LOSS)/PROFIT 2 (12,399 ) 59,646


Interest payable and similar charges 18,866 24,930
(LOSS)/PROFIT ON ORDINARY
ACTIVITIES BEFORE TAXATION
(31,265
)
34,716

Tax on (loss)/profit on ordinary activities 3 - 5,433
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR
(31,265
)
29,283

The notes form part of these financial statements

Page 3
Benslie Limited (Registered number: SC314327)

Balance Sheet
31 January 2016

31.1.16 31.1.15
Notes £    £   
CURRENT ASSETS
Debtors 4 722,700 2,459,120
Cash at bank 111,395 111,408
834,095 2,570,528
CREDITORS
Amounts falling due within one year 5 794,934 952,107
NET CURRENT ASSETS 39,161 1,618,421
TOTAL ASSETS LESS CURRENT
LIABILITIES
39,161
1,618,421

CREDITORS
Amounts falling due after more than one
year
6
28,249
1,576,244
NET ASSETS 10,912 42,177

CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and loss account 8 10,812 42,077
SHAREHOLDERS' FUNDS 10,912 42,177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).


The financial statements were approved by the director on 31 October 2016 and were signed by:





Joanne Wight - Director


The notes form part of these financial statements

Page 4
Benslie Limited (Registered number: SC314327)

Notes to the Financial Statements
for the Year Ended 31 January 2016


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at 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.

2. OPERATING (LOSS)/PROFIT

The operating loss (2015 - operating profit) is stated after charging:

31.1.16 31.1.15
£    £   
Foreign exchange differences 27,381 1,002

Director's remuneration and other benefits etc - -

3. TAXATION

Analysis of the tax charge
The tax charge on the loss on ordinary activities for the year was as follows:
31.1.16 31.1.15
£    £   
Current tax:
UK corporation tax - 5,433
Tax on (loss)/profit on ordinary activities - 5,433

4. DEBTORS
31.1.16 31.1.15
£    £   
Amounts falling due within one year:
Trade debtors - 2,103,323
Prepayments - 2,526
- 2,105,849

Page 5 continued...
Benslie Limited (Registered number: SC314327)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2016


4. DEBTORS - continued
31.1.16 31.1.15
£    £   
Amounts falling due after more than one year:
Other debtors 707,653 338,224
Loan more than 1 year 15,047 15,047
722,700 353,271

Aggregate amounts 722,700 2,459,120

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.16 31.1.15
£    £   
Trade creditors 788,801 945,974
Tax 5,433 5,433
Accrued expenses 700 700
794,934 952,107

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.16 31.1.15
£    £   
Other creditors 28,249 28,249
Loans - 1,547,995
28,249 1,576,244

Loan of £1,547,995 is granted by Euram Bank, registered in Austria, with interest charged quarterly at ERIBOR
rate payable within 2 years.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.16 31.1.15
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Profit
and loss
account
£   

At 1 February 2015 42,077
Deficit for the year (31,265 )
At 31 January 2016 10,812


Page 6