Benjamin Clowes Limited Accounts

BENJAMIN CLOWES LIMITED - Company Information






Benjamin Clowes Limited
	Company No. 01637991
		Information for Filing with The Registrar
		31 March 2018

The Directors present their report and the accounts for the year ended 31 March 2018.

Principal activities
The principal activity of the company during the year under review was that of providing accountancy and taxation services.




Directors

The Directors who served at any time during the year were as follows:

E.L. Clowes
H.B.B. Clowes


































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

H.B.B. Clowes
Director
20 October 2018

at	31 March 2018

Company No.		01637991	Notes	2018	2017
				£	£
Fixed assets

	Tangible assets		3	1,196	2,130


				1,196	2,130
Current assets
	Stocks		4	14,000	13,535
	Debtors		5	11,078	53,809

	Cash at bank and in hand			40,159	-
				65,237	67,344
Creditors: Amount falling due within one year			6	(47,988)	(56,892)
Net current assets				17,249	10,452
Total assets less current liabilities				18,445	12,582




Net assets				18,445	12,582

Capital and reserves
	Called up share capital			10,000	10,000



	Profit and loss account		7	8,445	2,582

Total equity				18,445	12,582


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2018 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 20 August 2018

And signed on its behalf by:

H.B.B. Clowes
Director

for the year ended 31 March 2018

Accounting policies

Basis of preparation

The accounts have been prepared in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006 . There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

25% Straight line

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2	Employees
			2018	2017
			Number	Number
		The average number of persons employed during the year :	2	2

3	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation
		At 1 April 2017	48,799	48,799




		At 31 March 2018	48,799	48,799
		Depreciation
		At 1 April 2017	46,669	46,669
		Charge for the year	934	934



		At 31 March 2018	47,603	47,603
		Net book values
		At 31 March 2018	1,196	1,196
		At 31 March 2017	2,130	2,130

4	Work in progress
			2018	2017
			£	£

		Work in progress	14,000	13,535

			14,000	13,535

5	Debtors
			2018	2017
			£	£
		Trade debtors	10,394	10,890




		Loans to directors	-	41,441

		Prepayments and accrued income	684	1,478
			11,078	53,809

6	Creditors:
		amounts falling due within one year
			2018	2017
			£	£

		Bank loans and overdrafts	-	6,519




		Corporation tax	21,711	25,462
		Other taxes and social security	11,890	14,745
		Loans from directors	10,002	-
		Other creditors	3,792	8,709
		Accruals and deferred income	593	1,457
			47,988	56,892

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

8	Dividends
			2018	2017
			£	£
		Dividends for the period:
		Dividends paid in the period	76,900	93,000

			76,900	93,000

		Dividends by type:

		Equity dividends	76,900	93,000
			76,900	93,000

9	Advances and credits to directors
		Included within Other debtors are the following loans to directors:

		Director	Description	At 1 April 2017	Advanced	Repaid	At 31 March 2018
				£	£	£	£
		E.L. Clowes	Interest is paid @ 3% pa on the oustanding balances	3,862	-	(3,862)	-
		H.B.B. Clowes	Thye loans were fully paid off by the 17th December 2017	37,580	-	(37,580)	-






































				41,442	-	(41,442)	-

Related party disclosures

Name of related party

H.B.B. Clowes

Description of relationship between the parties

Director

Description of transaction and general amounts involved

The directors rent out part of their main residenvce to the company at an open market value rent of £6500 per annum.

Amount due from/(to) the related party

Provision for doubtful debts due from the related party

Amounts written off in the period in respect of debts from/(to) the related party

Controlling party

Immediate controlling party

No single party controls the company.

Additional information

Its registered number is:

01637991

Its registered office is:

Preston Court

Preston-on-Wye

Hereford

HR2 9JU