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REGISTERED NUMBER: 02623672 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

CHRIS BENNETT (HEAVY HAULAGE) LIMITED

CHRIS BENNETT (HEAVY HAULAGE) LIMITED (REGISTERED NUMBER: 02623672)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


CHRIS BENNETT (HEAVY HAULAGE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: Mr C H Bennett
Mrs L A Dewe
Mr A W Bennett





REGISTERED OFFICE: Arden Hall
Far Cromwell Road
Bredbury
Stockport
Cheshire
SK6 2RY





REGISTERED NUMBER: 02623672 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

CHRIS BENNETT (HEAVY HAULAGE) LIMITED (REGISTERED NUMBER: 02623672)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,735,596 2,076,394
1,735,596 2,076,394

CURRENT ASSETS
Debtors 6 801,183 853,885
Cash at bank and in hand 1,314,995 775,024
2,116,178 1,628,909
CREDITORS
Amounts falling due within one year 7 541,179 461,731
NET CURRENT ASSETS 1,574,999 1,167,178
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,310,595

3,243,572

PROVISIONS FOR LIABILITIES 9 424,973 315,254
NET ASSETS 2,885,622 2,928,318

CAPITAL AND RESERVES
Called up share capital 10 11,500 11,500
Retained earnings 2,874,122 2,916,818
SHAREHOLDERS' FUNDS 2,885,622 2,928,318

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

CHRIS BENNETT (HEAVY HAULAGE) LIMITED (REGISTERED NUMBER: 02623672)

BALANCE SHEET - continued
30TH JUNE 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 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 29th January 2024 and were signed on its behalf by:





Mrs L A Dewe - Director


CHRIS BENNETT (HEAVY HAULAGE) LIMITED (REGISTERED NUMBER: 02623672)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023

1. STATUTORY INFORMATION

Chris Bennett (Heavy Haulage) 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.

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 recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

i) the Company has transferred the significant risks and rewards of ownership to the buyer;
ii) the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
iii) the amount of turnover can be measured reliably;
iv) it is probable that the Company will receive the consideration due under the transaction and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Amortisation is provided for as follows:

Goodwill - 20% straight line
Website development - 25% straight line

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 - 33% on reducing balance, 20% to 25% on reducing balance, 15% on reducing balance and 15% to 20% on reducing balance

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.


CHRIS BENNETT (HEAVY HAULAGE) LIMITED (REGISTERED NUMBER: 02623672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

2. ACCOUNTING POLICIES - continued
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.

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 30 (2022 - 32 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st July 2022
and 30th June 2023 50,000 7,500 57,500
AMORTISATION
At 1st July 2022
and 30th June 2023 50,000 7,500 57,500
NET BOOK VALUE
At 30th June 2023 - - -
At 30th June 2022 - - -

CHRIS BENNETT (HEAVY HAULAGE) LIMITED (REGISTERED NUMBER: 02623672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2022 5,023,247
Additions 72,505
Disposals (237,440 )
At 30th June 2023 4,858,312
DEPRECIATION
At 1st July 2022 2,946,853
Charge for year 341,414
Eliminated on disposal (165,551 )
At 30th June 2023 3,122,716
NET BOOK VALUE
At 30th June 2023 1,735,596
At 30th June 2022 2,076,394

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 599,443 736,838
Other debtors 201,740 117,047
801,183 853,885

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 189,420 205,895
Taxation and social security 171,715 109,764
Other creditors 180,044 146,072
541,179 461,731

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 272,077 93,344
Between one and five years 485,335 15,410
757,412 108,754

CHRIS BENNETT (HEAVY HAULAGE) LIMITED (REGISTERED NUMBER: 02623672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 424,973 315,254

Deferred
tax
£   
Balance at 1st July 2022 315,254
Provided during year 109,719
Balance at 30th June 2023 424,973

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary £1 10,000 10,000
1,500 Ordinary non-voting £1 1,500 1,500
11,500 11,500