Registered number
13575941
Bennett & Son Car and Commercial Limited
Filleted Accounts
31 August 2023
Bennett & Son Car and Commercial Limited
Registered number: 13575941
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 6,124 4,000
Current assets
Debtors 4 8,272 2,720
Cash at bank and in hand 908 2,223
9,180 4,943
Creditors: amounts falling due within one year 5 (22,235) (1,550)
Net current (liabilities)/assets (13,055) 3,393
Total assets less current liabilities (6,931) 7,393
Creditors: amounts falling due after more than one year 6 (24,136) (16,899)
Net liabilities (31,067) (9,506)
Capital and reserves
Called up share capital 100 100
Profit and loss account (31,167) (9,606)
Shareholder's funds (31,067) (9,506)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N P Bennett
Director
Approved by the board on 29 February 2024
Bennett & Son Car and Commercial Limited
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is recognised when the service has been completed.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price, which is usually the invoice price, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price, which is usually the invoice price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 September 2022 5,000
Additions 3,905
At 31 August 2023 8,905
Depreciation
At 1 September 2022 1,000
Charge for the year 1,781
At 31 August 2023 2,781
Net book value
At 31 August 2023 6,124
At 31 August 2022 4,000
4 Debtors 2023 2022
£ £
Trade debtors 8,272 2,720
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 20,652 577
Other creditors 1,583 973
22,235 1,550
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 24,136 16,899
7 Related party transactions
Included in other creditors is an amount of £24,136 (2022 16,899) owed to the director.
8 Other information
Bennett & Son Car and Commercial Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 6
Fairwood Trading Estate
Dilton Marsh
Wiltshire
BA13 3SW
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