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Registration number: 02741242

C & A Bennett (Tiling Contractors) Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2023

 

C & A Bennett (Tiling Contractors) Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

C & A Bennett (Tiling Contractors) Ltd

Company Information

Directors

Mr CJ Bennett

Mr A Bennett

Mr W Bennett

Company secretary

Mr CJ Bennett

Registered office

Unit 32 Barnack Trading Centre
Novers Hill
Bristol
BS3 5QE

Accountants

Stone & Co Chartered Accountants
2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA

 

C & A Bennett (Tiling Contractors) Ltd

(Registration number: 02741242)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

         

Fixed assets

   

Tangible assets

4

 

258,254

262,817

Current assets

   

Stocks

5

9,052

 

2,000

Debtors

6

18,920

 

27,696

Cash at bank and in hand

 

53,143

 

63,547

 

81,115

 

93,243

Creditors: Amounts falling due within one year

7

(86,270)

 

(83,009)

Net current (liabilities)/assets

   

(5,155)

10,234

Total assets less current liabilities

   

253,099

273,051

Creditors: Amounts falling due after more than one year

7

 

(42,021)

(65,935)

Provisions for liabilities

 

(5,914)

(4,877)

Net assets

   

205,164

202,239

Capital and reserves

   

Called up share capital

100

 

100

Profit and loss account

205,064

 

202,139

Total equity

   

205,164

202,239

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

C & A Bennett (Tiling Contractors) Ltd

(Registration number: 02741242)
Balance Sheet as at 30 September 2023

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 19 January 2024 and signed on its behalf by:
 

.........................................
Mr CJ Bennett
Company secretary and director

.........................................
Mr A Bennett
Director

.........................................
Mr W Bennett
Director

     
 

C & A Bennett (Tiling Contractors) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 32 Barnack Trading Centre
Novers Hill
Bristol
BS3 5QE

These financial statements were authorised for issue by the Board on 19 January 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

C & A Bennett (Tiling Contractors) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold property

Straight line over term of lease

Plant and machinery

20% straight line

Fixtures and fittings

20% straight line

Motor vehicles

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

C & A Bennett (Tiling Contractors) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 7).

 

C & A Bennett (Tiling Contractors) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

4

Tangible assets

Long leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Cost or valuation

At 1 October 2022

247,239

9,334

1,101

510

Additions

-

-

260

-

At 30 September 2023

247,239

9,334

1,361

510

Depreciation

At 1 October 2022

9,712

9,334

622

204

Charge for the year

2,472

-

148

102

At 30 September 2023

12,184

9,334

770

306

Carrying amount

At 30 September 2023

235,055

-

591

204

At 30 September 2022

237,527

-

479

306

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2022

76,208

334,392

Additions

4,600

4,860

At 30 September 2023

80,808

339,252

Depreciation

At 1 October 2022

51,703

71,575

Charge for the year

6,701

9,423

At 30 September 2023

58,404

80,998

Carrying amount

At 30 September 2023

22,404

258,254

At 30 September 2022

24,505

262,817

Included within the net book value of land and buildings above is £235,055 (2022 - £237,527) in respect of long leasehold land and buildings.
 

 

C & A Bennett (Tiling Contractors) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

5

Stocks

2023
£

2022
£

Other inventories

9,052

2,000

6

Debtors

2023
£

2022
£

Trade debtors

8,594

18,616

Prepayments

2,735

1,708

Other debtors

7,591

7,372

18,920

27,696

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

23,153

21,861

Trade creditors

 

5,635

2,203

Taxation and social security

 

23,236

24,714

Accruals and deferred income

 

14,393

1,900

Other creditors

 

19,853

32,331

 

86,270

83,009

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

42,021

65,935