Company Registration No. 5666589 (England and Wales)
Ben Spence Ltd
Unaudited accounts
for the year ended 31 January 2018
Ben Spence Ltd
Unaudited accounts
Contents
Ben Spence Ltd
Company Information
for the year ended 31 January 2018
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
Ben Spence Ltd
Statement of financial position
as at 31 January 2018
Tangible assets
176,991
164,918
Cash at bank and in hand
20,645
39,907
Creditors: amounts falling due within one year
(67,025)
(102,191)
Net current liabilities
(46,380)
(44,320)
Total assets less current liabilities
130,611
120,598
Creditors: amounts falling due after more than one year
(58,276)
(36,746)
Called up share capital
100
100
Profit and loss account
72,235
83,752
Shareholders' funds
72,335
83,852
For the year ending 31 January 2018 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.
Approved by the Board on 27 June 2018.
Benedict Spence
Director
Company Registration No. 5666589
Ben Spence Ltd
Notes to the Accounts
for the year ended 31 January 2018
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 2017
536,051
34,080
570,131
Additions
4,981
76,873
81,854
Disposals
-
(34,080)
(34,080)
At 31 January 2018
541,032
76,873
617,905
At 1 February 2017
381,917
23,296
405,213
Charge for the year
39,779
19,218
58,997
On disposals
-
(23,296)
(23,296)
At 31 January 2018
421,696
19,218
440,914
At 31 January 2018
119,336
57,655
176,991
At 31 January 2017
154,134
10,784
164,918
Ben Spence Ltd
Notes to the Accounts
for the year ended 31 January 2018
6
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
20,730
2,327
Obligations under finance leases and hire purchase contracts
31,232
40,212
Taxes and social security
14,892
59,652
Loans from directors
171
-
7
Creditors: amounts falling due after more than one year
2018
2017
Obligations under finance leases and hire purchase contracts
58,276
36,746
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 (2017: 0).
