Ben Weedon Research Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10873696 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2019

for

Ben Weedon Research Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

BH Weedon

REGISTERED OFFICE:

Castle Farm Barn North

Denmead Road

Southwick

Fareham

Hampshire

PO17 6EX

REGISTERED NUMBER:

10873696 (England and Wales)

ACCOUNTANTS:

KT Accountants Limited

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

FIXED ASSETS

Tangible assets

4

796

1,061

CURRENT ASSETS

Debtors

5

14,491

13,136

Cash at bank

60,599

46,163

75,090

59,299

CREDITORS

Amounts falling due within one year

6

27,261

22,683

NET CURRENT ASSETS

47,829

36,616

TOTAL ASSETS LESS CURRENT LIABILITIES

48,625

37,677

PROVISIONS FOR LIABILITIES

151

202

NET ASSETS

48,474

37,475

CAPITAL AND RESERVES

Called up share capital

7

120

120

Retained earnings

48,354

37,355

SHAREHOLDERS' FUNDS

48,474

37,475

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 31 October 2019 and were signed by:

BH Weedon - Director

1.	STATUTORY INFORMATION

Ben Weedon Research Ltd is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the

Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of

Income and Retained Earnings, except to the extent that it relates to items recognised in other

comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have

been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred tax is

measured using tax rates and laws that have been enacted or substantively enacted by the year

end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2018

and 31 July 2019

1,415

DEPRECIATION

At 1 August 2018

354

Charge for year

265

At 31 July 2019

619

NET BOOK VALUE

At 31 July 2019

796

At 31 July 2018

1,061

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.7.18

£

£

Trade debtors

12,074

13,136

Other debtors

2,417

-

14,491

13,136

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.7.18

£

£

Taxation and social security

25,785

22,639

Other creditors

1,476

44

27,261

22,683

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.19

31.7.18

value:

£

£

100

Ordinary

£1

100

100

10

Ordinary A

£1

10

10

10

Ordinary B

£1

10

10

120

120

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 July 2019

and the period ended 31 July 2018:

31.7.19

31.7.18

£

£

BH Weedon

Balance outstanding at start of year

(44

)

-

Amounts advanced

-

34,206

Amounts repaid

(825

)

(34,250

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(869

)

(44

)