Bentley Executives Limited Accounts

BENTLEY EXECUTIVES LIMITED - Company Information






Bentley Executives Limited
	Company No. 05332204
		Information for Filing with The Registrar
		31 May 2018

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

Principal activities
The principal activity of the company during the year under review was Specialist Recruitment.




Directors

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

P.J. Bentley
E.E.N. Gent
L.C. Reid

































































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

P.J. Bentley
Director
10 September 2018

at	31 May 2018

Company No.		05332204	Notes	2018	2017
				£	£
Fixed assets
	Intangible assets		3	-	-
	Tangible assets		4	-	-

	Investments		5	365,000	365,000
				365,000	365,000
Current assets

	Debtors		6	14,500	14,866

	Cash at bank and in hand			68,595	111,414
				83,095	126,280
Creditors: Amount falling due within one year			7	(12,444)	(40,044)
Net current assets				70,651	86,236
Total assets less current liabilities				435,651	451,236




Net assets				435,651	451,236

Capital and reserves
	Called up share capital			80	80
	Share premium account		8	6,958	6,958


	Profit and loss account		8	428,613	444,198

Total equity				435,651	451,236


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 May 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 10 September 2018

And signed on its behalf by:

P.J. Bentley
Director

for the year ended 31 May 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.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

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:

Plant and machinery

20% Straight line

Motor vehicles

25% Straight line

Investments

Unlisted investments are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

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.

Pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

2	Employees
			2018	2017
			Number	Number
		The average number of persons employed during the year :	4	4

3	Intangible fixed assets
			Goodwill	Total
			£	£
		Cost
		At 1 June 2017	60,000	60,000


		At 31 May 2018	60,000	60,000
		Amortisation and impairment
		At 1 June 2017	60,000	60,000



		At 31 May 2018	60,000	60,000
		Net book values
		At 31 May 2018	-	-
		At 31 May 2017	-	-

4	Tangible fixed assets
			Plant and machinery	Motor vehicles	Total
			£	£	£
		Cost or revaluation
		At 1 June 2017	19,759	6,391	26,150




		At 31 May 2018	19,759	6,391	26,150
		Depreciation
		At 1 June 2017	19,759	6,391	26,150




		At 31 May 2018	19,759	6,391	26,150
		Net book values
		At 31 May 2018	-	-	-
		At 31 May 2017	-	-	-

5	Investments
			Investment in Subsidiaries	Total
			£	£
		Cost or valuation
		At 1 June 2017	365,000	365,000



		At 31 May 2018	365,000	365,000






		Net book values
		At 31 May 2018	365,000	365,000
		At 31 May 2017	365,000	365,000

6	Debtors
			2018	2017
			£	£

		Amounts owed by group undertakings	7,500	-




		Other debtors	7,000	14,866

			14,500	14,866

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






		Corporation tax	2,132	20,721
		Other taxes and social security	8,571	17,583

		Other creditors	1	-
		Accruals and deferred income	1,740	1,740
			12,444	40,044

Reserves

Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.

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

Related party disclosures

Controlling party

Immediate controlling party

No single party controls the company.

Additional information

Its registered number is:

05332204

Its registered office is:

118 Lovedean Lane

Waterlooville

Hampshire

PO8 9SN