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REGISTERED NUMBER: 03387235 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Bennetts Foods (Worcester) Limited

Bennetts Foods (Worcester) Limited (Registered number: 03387235)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bennetts Foods (Worcester) Limited

Company Information
for the Year Ended 31 March 2023







Directors: Mr D O S Bennett
Mr P A Heywood
Mr R A Bennett
Mr O J Bennett





Registered office: Manor Farm
Lower Wick
Worcester
WR2 4BS





Registered number: 03387235 (England and Wales)





Accountants: Crowthers Chartered Accountants
19 High Street
Pershore
Worcestershire
WR10 1AA

Bennetts Foods (Worcester) Limited (Registered number: 03387235)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 344,438 364,537
Investments 5 1 1
344,439 364,538

CURRENT ASSETS
Stocks 359,912 307,536
Debtors 6 503,652 631,407
Cash at bank and in hand 259,399 555,598
1,122,963 1,494,541
CREDITORS
Amounts falling due within one year 7 291,914 545,505
NET CURRENT ASSETS 831,049 949,036
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,175,488

1,313,574

CREDITORS
Amounts falling due after more than one year 8 - (1,302 )

PROVISIONS FOR LIABILITIES (34,244 ) (35,958 )
NET ASSETS 1,141,244 1,276,314

CAPITAL AND RESERVES
Called up share capital 10 100 100
Share premium 20,526 20,526
Retained earnings 1,120,618 1,255,688
SHAREHOLDERS' FUNDS 1,141,244 1,276,314

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 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.

Bennetts Foods (Worcester) Limited (Registered number: 03387235)

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2023 and were signed on its behalf by:





Mr D O S Bennett - Director


Bennetts Foods (Worcester) Limited (Registered number: 03387235)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Bennetts Foods (Worcester) 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.

Preparation of consolidated financial statements
The financial statements contain information about Bennetts Foods (Worcester) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Long leasehold - Straight line over 7 years and NIL
Plant and machinery - Straight line over 5 years
Motor vehicles - 25% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

During the year the Directors changed the depreciation policy regarding Plant and Machinery, the assets are now being written off over 5 years as compared to 10 years. The Directors believe this better reflects the assets realisable value.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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


Bennetts Foods (Worcester) Limited (Registered number: 03387235)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 22 (2022 - 22 ) .

4. TANGIBLE FIXED ASSETS
Long Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
Cost
At 1 April 2022 425,214 661,435 120,975 1,207,624
Additions - 33,713 80,600 114,313
Disposals - (105,184 ) (46,300 ) (151,484 )
At 31 March 2023 425,214 589,964 155,275 1,170,453
Depreciation
At 1 April 2022 250,127 483,061 109,899 843,087
Charge for year 10,380 71,652 20,025 102,057
Eliminated on disposal - (84,904 ) (34,225 ) (119,129 )
At 31 March 2023 260,507 469,809 95,699 826,015
Net book value
At 31 March 2023 164,707 120,155 59,576 344,438
At 31 March 2022 175,087 178,374 11,076 364,537

Bennetts Foods (Worcester) Limited (Registered number: 03387235)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
Cost
At 1 April 2022
and 31 March 2023 1
Net book value
At 31 March 2023 1
At 31 March 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 171,158 243,963
Amounts owed by group undertakings 27,428 77,428
Other debtors 305,066 310,016
503,652 631,407

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Finance leases 1,302 18,210
Trade creditors 105,391 228,119
Taxation and social security 31,221 113,903
Other creditors 154,000 185,273
291,914 545,505

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Finance leases - 1,302

9. SECURED DEBTS

All bank borrowings are secured on the assets of the company by way of a fixed and floating charge, the charge contains a negative pledge.

Bennetts Foods (Worcester) Limited (Registered number: 03387235)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr D O S Bennett
Balance outstanding at start of year 240,953 238,953
Amounts advanced - 2,000
Amounts repaid (5,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 235,953 240,953

The loan is interest free, unsecured and repayable on demand.