Benchmark Management Ltd. - Limited company - abbreviated - 11.9
Benchmark Management Ltd. - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 DECEMBER 2012 |
| FOR |
| BENCHMARK MANAGEMENT LTD. |
| BENCHMARK MANAGEMENT LTD. (REGISTERED NUMBER: SC198989) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 December 2012 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Report of the Accountants | 5 |
| BENCHMARK MANAGEMENT LTD. |
| COMPANY INFORMATION |
| for the Year Ended 31 December 2012 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| SOLICITORS: |
| BENCHMARK MANAGEMENT LTD. (REGISTERED NUMBER: SC198989) |
| ABBREVIATED BALANCE SHEET |
| 31 December 2012 |
| 2012 | 2011 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
| NET (LIABILITIES)/ASSETS | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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 were approved by the director on |
| BENCHMARK MANAGEMENT LTD. (REGISTERED NUMBER: SC198989) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 December 2012 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These accounts have been prepared on the going concern basis, on the understanding that the director will continue to |
| financially support the company for as long as is required. |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
| Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax. |
| Membership of Visionaries - the Benchmark Executive Club - are recognised in full at the time of invoice. Visionaries pay |
| an initial membership fee, after which account holders may register delegates for a pre-determined number of conference |
| places at no additional cost. |
| This accounting treatment is not in accordance with Financial Reporting Standard 5: Reporting the Substance of |
| Transactions, which prescribes that membership fees should be recognised over the period in which the company fulfils its |
| contractual obligation to a customer through the supply of services. |
| The director of the company is of the opinion that immediate recognition of the initial membership fee fairly represents the |
| nature of the transaction, as there is no requirement for the company to refund fees if delegate places are not used. |
| Intangible assets |
| No amortisation is charged on these assets. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. |
| Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. |
| Exchange differences are taken into account in arriving at the operating result. |
| 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 the profit and loss account over the relevant period. The capital |
| element of the future payments is treated as a liability. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2012 |
| Disposals | ( |
) |
| At 31 December 2012 |
| NET BOOK VALUE |
| At 31 December 2012 |
| At 31 December 2011 |
| BENCHMARK MANAGEMENT LTD. (REGISTERED NUMBER: SC198989) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 31 December 2012 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2012 |
| Additions |
| At 31 December 2012 |
| DEPRECIATION |
| At 1 January 2012 |
| Charge for year |
| At 31 December 2012 |
| NET BOOK VALUE |
| At 31 December 2012 |
| At 31 December 2011 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2012 | 2011 |
| value: | £ | £ |
| Ordinary Shares | 1 |
| 6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 December 2012 and 31 December 2011: |
| 2012 | 2011 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |
| This loan is interest-free. |
| 7. | ULTIMATE CONTROLLING PARTY |
| Mr R G MacKenzie is considered to be the ultimate controlling party. |
| BENCHMARK MANAGEMENT LTD. |
| REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF |
| BENCHMARK MANAGEMENT LTD. |
| The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited |
| financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) have been prepared. |
| As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2012 set out on pages three to nine and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| 4 February 2016 |