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REGISTERED NUMBER: 09902584 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Bennett Kirkhope Smith Ltd

Bennett Kirkhope Smith Ltd (Registered number: 09902584)

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


Bennett Kirkhope Smith Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: A M Smith





SECRETARY: E P Offless





REGISTERED OFFICE: Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 09902584 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Bennett Kirkhope Smith Ltd (Registered number: 09902584)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 828,950 888,160
Tangible assets 5 12,202 13,107
841,152 901,267

CURRENT ASSETS
Stocks 6 352,224 423,063
Debtors 7 452,702 432,731
Cash at bank and in hand 27,452 81,109
832,378 936,903
CREDITORS
Amounts falling due within one year 8 398,963 358,321
NET CURRENT ASSETS 433,415 578,582
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,274,567

1,479,849

CREDITORS
Amounts falling due after more than one
year

9

(201,588

)

(342,866

)

PROVISIONS FOR LIABILITIES 10 (11,660 ) (21,655 )
NET ASSETS 1,061,319 1,115,328

CAPITAL AND RESERVES
Called up share capital 11 300 300
Share premium 1,059,352 1,059,352
Retained earnings 1,667 55,676
SHAREHOLDERS' FUNDS 1,061,319 1,115,328

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 her 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.

Bennett Kirkhope Smith Ltd (Registered number: 09902584)

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 director and authorised for issue on 18 November 2023 and were signed by:





A M Smith - Director


Bennett Kirkhope Smith Ltd (Registered number: 09902584)

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


1. STATUTORY INFORMATION

Bennett Kirkhope Smith 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of selling price or net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Bennett Kirkhope Smith Ltd (Registered number: 09902584)

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


2. ACCOUNTING POLICIES - continued

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 31 (2022 - 33 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 1,250,000
AMORTISATION
At 1 April 2022 361,840
Charge for year 59,210
At 31 March 2023 421,050
NET BOOK VALUE
At 31 March 2023 828,950
At 31 March 2022 888,160

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 3,383 43,833 47,216
Additions 994 3,255 4,249
At 31 March 2023 4,377 47,088 51,465
DEPRECIATION
At 1 April 2022 940 33,169 34,109
Charge for year 515 4,639 5,154
At 31 March 2023 1,455 37,808 39,263
NET BOOK VALUE
At 31 March 2023 2,922 9,280 12,202
At 31 March 2022 2,443 10,664 13,107

Bennett Kirkhope Smith Ltd (Registered number: 09902584)

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


6. STOCKS
31.3.23 31.3.22
£    £   
Work-in-progress 352,224 423,063

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 427,248 369,438
Bad debt provision (15,719 ) (16,209 )
Other debtors 5,964 5,104
Prepayments 35,209 74,398
452,702 432,731

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 5,102 10,000
Other loans 24,000 93,750
Trade creditors 47,265 91,686
Corporation tax 29,901 45,817
Social security and other taxes 21,303 21,193
VAT 101,436 74,037
Other creditors 19,875 17,500
Directors' current accounts 122,631 2,118
Accrued expenses 27,450 2,220
398,963 358,321

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 5,102 10,000
Bank loans - 2-5 years 15,306 25,833
Bank loans more than 5 years 13,180 -
Other loans - 1-2 years 24,000 75,000
Other loans - 2-5 years 72,000 225,000
Other loans more than 5 years 72,000 7,033
201,588 342,866

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 13,180 -
Other loans more than 5 years 72,000 7,033
85,180 7,033

Bennett Kirkhope Smith Ltd (Registered number: 09902584)

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


10. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 11,660 21,655

Deferred
tax
£   
Balance at 1 April 2022 21,655
Provided during year (9,995 )
Balance at 31 March 2023 11,660

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 A Ordinary £1 100 100
100 B Ordinary £1 100 100
100 C Ordinary £1 100 100
300 300

12. PARENT

The company is a wholly owned subsidiary of BKS SSB Ltd, whose registered office is Suites 5 & 6 The Printworks, Hey Road, Barrow, Clitheroe, Lancashire, BB7 9WB.