Bennett Engineering Design Ltd 06390730 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is marine engineering consulting Digita Accounts Production Advanced 6.30.9574.0 true true 06390730 2022-11-01 2023-10-31 06390730 2023-10-31 06390730 bus:OrdinaryShareClass1 2023-10-31 06390730 core:CurrentFinancialInstruments 2023-10-31 06390730 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 06390730 core:FurnitureFittingsToolsEquipment 2023-10-31 06390730 bus:SmallEntities 2022-11-01 2023-10-31 06390730 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 06390730 bus:FilletedAccounts 2022-11-01 2023-10-31 06390730 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 06390730 bus:RegisteredOffice 2022-11-01 2023-10-31 06390730 bus:CompanySecretary1 2022-11-01 2023-10-31 06390730 bus:Director1 2022-11-01 2023-10-31 06390730 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 06390730 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 06390730 core:FurnitureFittings 2022-11-01 2023-10-31 06390730 core:FurnitureFittingsToolsEquipment 2022-11-01 2023-10-31 06390730 countries:AllCountries 2022-11-01 2023-10-31 06390730 2022-10-31 06390730 core:FurnitureFittingsToolsEquipment 2022-10-31 06390730 2021-11-01 2022-10-31 06390730 2022-10-31 06390730 bus:OrdinaryShareClass1 2022-10-31 06390730 core:CurrentFinancialInstruments 2022-10-31 06390730 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 06390730 core:FurnitureFittingsToolsEquipment 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06390730

Bennett Engineering Design Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

Bennett Engineering Design Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Bennett Engineering Design Ltd

Company Information

Director

Mr Andrew Bennett

Company secretary

Mrs Sarah Johnson

Registered office

Admiralty House
2 Bank Place
Falmouth
Cornwall
TR11 4AT

Accountants

Julia Evans Accountants Ltd
79-81 Boslowick Road
Falmouth
Cornwall
TR11 4QD

 

Bennett Engineering Design Ltd

(Registration number: 06390730)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,533

2,044

Current assets

 

Debtors

5

9,496

17,792

Cash at bank and in hand

 

1,336

6,979

 

10,832

24,771

Creditors: Amounts falling due within one year

6

(1,292)

(3,015)

Net current assets

 

9,540

21,756

Total assets less current liabilities

 

11,073

23,800

Provisions for liabilities

(291)

(388)

Net assets

 

10,782

23,412

Capital and reserves

 

Called up share capital

7

1,000

1,000

Retained earnings

9,782

22,412

Shareholders' funds

 

10,782

23,412

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Bennett Engineering Design Ltd

(Registration number: 06390730)
Balance Sheet as at 31 October 2023

Approved and authorised by the director on 26 July 2024
 

.........................................
Mr Andrew Bennett
Director

 

Bennett Engineering Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

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

The address of its registered office is:
Admiralty House
2 Bank Place
Falmouth
Cornwall
TR11 4AT

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

Tax

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

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.

 

Bennett Engineering Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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

Furniture, fittings and equipment

25% reducing balance

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 the director) during the year, was 0 (2022 - 0).

 

Bennett Engineering Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2022

10,241

10,241

At 31 October 2023

10,241

10,241

Depreciation

At 1 November 2022

8,197

8,197

Charge for the year

511

511

At 31 October 2023

8,708

8,708

Carrying amount

At 31 October 2023

1,533

1,533

At 31 October 2022

2,044

2,044

5

Debtors

Current

2023
£

2022
£

Trade debtors

6,527

10,000

Prepayments

219

178

Other debtors

2,750

7,614

 

9,496

17,792

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

120

113

Taxation and social security

67

339

Accruals and deferred income

1,020

978

Other creditors

85

1,585

1,292

3,015

 

Bennett Engineering Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000