Abbreviated Company Accounts - BENJAM LIMITED

Abbreviated Company Accounts - BENJAM LIMITED


Registered Number 05411616

BENJAM LIMITED

Abbreviated Accounts

29 February 2016

BENJAM LIMITED Registered Number 05411616

Abbreviated Balance Sheet as at 29 February 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 8,680 11,574
8,680 11,574
Current assets
Debtors 176,486 131,784
Cash at bank and in hand 563,993 699,098
740,479 830,882
Creditors: amounts falling due within one year (21,020) (66,316)
Net current assets (liabilities) 719,459 764,566
Total assets less current liabilities 728,139 776,140
Total net assets (liabilities) 728,139 776,140
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 728,138 776,139
Shareholders' funds 728,139 776,140
  • For the year ending 29 February 2016 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 28 November 2016

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

BENJAM LIMITED Registered Number 05411616

Notes to the Abbreviated Accounts for the period ended 29 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, and in
accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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 2015 27,054
Additions -
Disposals -
Revaluations -
Transfers -
At 29 February 2016 27,054
Depreciation
At 1 March 2015 15,480
Charge for the year 2,894
On disposals -
At 29 February 2016 18,374
Net book values
At 29 February 2016 8,680
At 28 February 2015 11,574
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
0 Ordinary shares of £1 each (1 share for 2015) 0 1
10 A Ordinary shares of £0.05 each (0 shares for 2015) 1 0
10 B Ordinary shares of £0.05 each (0 shares for 2015) 1 0

During the year, the company subdivided the existing 1 Ordinary Share of £1 each into 20
Ordinary Shares of £0.05 each.
The 20 Ordinary Shares were then redesignated into 10 A Ordinary and 10 B Ordinary shares of
£0.05 each.