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REGISTERED NUMBER: 04989852 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2021

for

C H Bennett and Son Limited

C H Bennett and Son Limited (Registered number: 04989852)

Contents of the Financial Statements
for the Year Ended 31 December 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C H Bennett and Son Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: J H Bennett
Mrs G R Bennett
D M Bennett



SECRETARY: Mrs G R Bennett



REGISTERED OFFICE: Plas Heulwen
Llanfair Road
Newtown
Powys
SY16 3JY



REGISTERED NUMBER: 04989852 (England and Wales)



ACCOUNTANTS: Morgan Griffiths LLP
Chartered Accountants
Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY



BANKERS: HSBC Bank Plc
The Cross
1 Broad Street
Newtown
Powys
SY16 2LX

C H Bennett and Son Limited (Registered number: 04989852)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 129,869 92,649

CURRENT ASSETS
Stocks 6,350 7,940
Debtors 5 89,403 88,001
Cash at bank - 27,141
95,753 123,082
CREDITORS
Amounts falling due within one year 6 173,371 186,420
NET CURRENT LIABILITIES (77,618 ) (63,338 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,251

29,311

CREDITORS
Amounts falling due after more than one
year

7

(37,784

)

-

PROVISIONS FOR LIABILITIES (22,224 ) (13,855 )
NET (LIABILITIES)/ASSETS (7,757 ) 15,456

CAPITAL AND RESERVES
Called up share capital 13,152 13,152
Retained earnings (20,909 ) 2,304
SHAREHOLDERS' FUNDS (7,757 ) 15,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

C H Bennett and Son Limited (Registered number: 04989852)

Balance Sheet - continued
31 December 2021


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 Board of Directors and authorised for issue on 12 September 2022 and were signed on its behalf by:





D M Bennett - Director


C H Bennett and Son Limited (Registered number: 04989852)

Notes to the Financial Statements
for the Year Ended 31 December 2021


1. STATUTORY INFORMATION

C H Bennett and Son Limited 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.
Plant and machinery etc - 20% on reducing balance and 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

C H Bennett and Son Limited (Registered number: 04989852)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


2. ACCOUNTING POLICIES - continued

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.

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 5 (2020 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 319,883
Additions 65,535
Disposals (13,700 )
At 31 December 2021 371,718
DEPRECIATION
At 1 January 2021 227,234
Charge for year 25,459
Eliminated on disposal (10,844 )
At 31 December 2021 241,849
NET BOOK VALUE
At 31 December 2021 129,869
At 31 December 2020 92,649

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 76,938 75,968
Other debtors 12,465 12,033
89,403 88,001

C H Bennett and Son Limited (Registered number: 04989852)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 20,352 56,259
Trade creditors 70,331 44,592
Taxation and social security 6,851 17,183
Other creditors 75,837 68,386
173,371 186,420

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Bank loans 37,784 -

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.21 31.12.20
£    £   
Bank overdrafts 20,352 50,000
Bank loans 37,784 6,259
58,136 56,259

The bank loan and overdraft are secured by charges on freehold property owned privately by the directors.