Abbreviated Company Accounts - BENJAM LIMITED

05411616 BENJAM LIMITED 2015-02-28 false 2014-03-01 2015-02-28 true 05411616 2014-03-01 2015-02-28 05411616 2015-02-28 05411616 2014-02-28 05411616 uk-gaap-cd-bus:Director1 2014-03-01 2015-02-28 05411616 uk-gaap-cd-bus:Director2 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 iso4217:GBP shares

Registered Number 05411616

BENJAM LIMITED

Abbreviated Accounts

28 February 2015

BENJAM LIMITED Registered Number 05411616

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	11,574	15,432
		11,574	15,432
Current assets
Debtors		131,784	487,306
Cash at bank and in hand		699,098	366,803
		830,882	854,109
Creditors: amounts falling due within one year		(66,316)	(167,310)
Net current assets (liabilities)		764,566	686,799
Total assets less current liabilities		776,140	702,231
Total net assets (liabilities)		776,140	702,231
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		776,139	702,230
Shareholders' funds		776,140	702,231

For the year ending 28 February 2015 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 20 November 2015

And signed on their behalf by:
R M Klein, Director

BENJAM LIMITED Registered Number 05411616

Notes to the Abbreviated Accounts for the period ended 28 February 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year,
exclusive of Value Added Tax.

Tangible assets depreciation policy
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows:
Motor Vehicles - 25% Reducing Balance
Equipment - 33.33% straight line

Other accounting policies
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with the
following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value
adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over
into replacement assets, only to the extent that, at the balance sheet date, there is a binding
agreement to dispose of the assets concerned. However, no provision is made where, on the
basis of all available evidence at the balance sheet date, it is more likely than not that the
taxable gain will be rolled over into replacement assets and charged to tax only where the
replacement assets are sold.
Deferred tax assets are recognised only to the extent that the director considers that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in
the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 March 2014	27,054
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	27,054
Depreciation
At 1 March 2014	11,622
Charge for the year	3,858
On disposals	-
At 28 February 2015	15,480
Net book values
At 28 February 2015	11,574
At 28 February 2014	15,432

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1