Ben Tasker Flooring and Interiors Ltd. - Accounts to registrar (filleted) - small 23.2.5

Ben Tasker Flooring and Interiors Ltd. - Accounts to registrar (filleted) - small 23.2.5

BEN TASKER FLOORING AND INTERIORS LTD. - Company Information

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REGISTERED NUMBER: 04531189 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

BEN TASKER FLOORING AND INTERIORS LTD.
BEN TASKER FLOORING AND INTERIORS LTD. (REGISTERED NUMBER: 04531189)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BEN TASKER FLOORING AND INTERIORS LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr. B. D. Tasker



REGISTERED OFFICE: Unit 13
Station Estate
Newbridge Hill
LOUTH
LN11 0JT



REGISTERED NUMBER: 04531189 (England and Wales)



ACCOUNTANTS: Smethurst & Co LLP
12 Abbey Road
GRIMSBY
DN32 0HL



BANKERS: Lloyds Bank plc
24 Mercer Row
LOUTH
LN11 9JQ
Page 1
BEN TASKER FLOORING AND INTERIORS LTD. (REGISTERED NUMBER: 04531189)

ABRIDGED BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81,183 79,598

CURRENT ASSETS
Stocks 96,050 91,900
Debtors 57,938 2,991
Cash at bank 50,099 90,828
204,087 185,719
CREDITORS
Amounts falling due within one year 114,413 91,376
NET CURRENT ASSETS 89,674 94,343
TOTAL ASSETS LESS CURRENT
LIABILITIES
170,857
173,941

CREDITORS
Amounts falling due after more than one
year
(3,799
)
(21,334
)

PROVISIONS FOR LIABILITIES (15,425 ) (15,124 )
NET ASSETS 151,633 137,483

CAPITAL AND RESERVES
Allotted, called up and
fully paid share capital 100 100
Profit and loss account 151,533 137,383
SHAREHOLDERS' FUNDS 151,633 137,483

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 notes form part of these financial statements

Page 2
BEN TASKER FLOORING AND INTERIORS LTD. (REGISTERED NUMBER: 04531189)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 21 November 2023 and were signed by:





Mr. B. D. Tasker - Director


The notes form part of these financial statements

Page 3
BEN TASKER FLOORING AND INTERIORS LTD. (REGISTERED NUMBER: 04531189)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Ben Tasker Flooring and Interiors 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% Reducing Balance
Motor vehicles - 25% Reducing Balance
Computer equipment - 33% Straight Line

Stocks and work in progress
Stocks and work in progress are stated at the lower of cost and net realisable value. Net realisable value is based on estimated selling price, less further costs expected to be incurred to completion and disposal. Provision is made for obsolete, slow moving or defective items where appropriate

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Page 4
BEN TASKER FLOORING AND INTERIORS LTD. (REGISTERED NUMBER: 04531189)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

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 9 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 159,578
Additions 55,832
Disposals (38,995 )
At 31 March 2023 176,415
DEPRECIATION
At 1 April 2022 79,980
Charge for year 22,877
Eliminated on disposal (7,625 )
At 31 March 2023 95,232
NET BOOK VALUE
At 31 March 2023 81,183
At 31 March 2022 79,598

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2022
and 31 March 2023 27,671
DEPRECIATION
At 1 April 2022 3,449
Charge for year 6,055
At 31 March 2023 9,504
NET BOOK VALUE
At 31 March 2023 18,167
At 31 March 2022 24,222

Page 5