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REGISTERED NUMBER: NI615606 (Northern Ireland)















E AND R BENNETT LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






E AND R BENNETT LTD (REGISTERED NUMBER: NI615606)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


E AND R BENNETT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr R E Bennett
Mr E Bennett



SECRETARY: Mrs J Bennett



REGISTERED OFFICE: 141-143 Main Street
Fivemiletown
Co. Tyrone
BT75 0PG



REGISTERED NUMBER: NI615606 (Northern Ireland)



ACCOUNTANTS: McAleer Jackson Ltd
Chartered Accountants & Chartered Tax Advisers
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE



BANKERS: AIB
2-4 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
E AND R BENNETT LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.


In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 31 December 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






McAleer Jackson Ltd
Chartered Accountants & Chartered Tax Advisers
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE


25 July 2024

E AND R BENNETT LTD (REGISTERED NUMBER: NI615606)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 797,152 669,179

CURRENT ASSETS
Stocks 661,667 597,653
Debtors 5 466,412 529,873
Cash at bank and in hand 45,589 72,310
1,173,668 1,199,836
CREDITORS
Amounts falling due within one year 6 494,961 506,928
NET CURRENT ASSETS 678,707 692,908
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,475,859

1,362,087

CREDITORS
Amounts falling due after more than one
year

7

(180,243

)

(133,141

)

PROVISIONS FOR LIABILITIES (32,909 ) (16,967 )
NET ASSETS 1,262,707 1,211,979

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 1,123,860 1,123,860
Retained earnings 137,847 87,119
SHAREHOLDERS' FUNDS 1,262,707 1,211,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

E AND R BENNETT LTD (REGISTERED NUMBER: NI615606)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:




Mr E Bennett - Director



Mr R E Bennett - Director


E AND R BENNETT LTD (REGISTERED NUMBER: NI615606)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

E And R Bennett Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 5% straight line
Plant and machinery - 10% straight line
Fixtures and fittings - 10% straight line
Motor vehicles - 10% straight line
Integral features - 5% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


E AND R BENNETT LTD (REGISTERED NUMBER: NI615606)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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 10 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 742,882 45,526 77,472
Additions 119,372 19,190 15,899
Disposals - - -
At 31 December 2023 862,254 64,716 93,371
DEPRECIATION
At 1 January 2023 206,567 22,673 41,825
Charge for year 13,165 6,188 8,387
Eliminated on disposal - - -
At 31 December 2023 219,732 28,861 50,212
NET BOOK VALUE
At 31 December 2023 642,522 35,855 43,159
At 31 December 2022 536,315 22,853 35,647

E AND R BENNETT LTD (REGISTERED NUMBER: NI615606)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Integral
vehicles features Totals
£    £    £   
COST
At 1 January 2023 52,752 51,945 970,577
Additions - 16,000 170,461
Disposals (20,252 ) - (20,252 )
At 31 December 2023 32,500 67,945 1,120,786
DEPRECIATION
At 1 January 2023 21,901 8,432 301,398
Charge for year 3,250 3,397 34,387
Eliminated on disposal (12,151 ) - (12,151 )
At 31 December 2023 13,000 11,829 323,634
NET BOOK VALUE
At 31 December 2023 19,500 56,116 797,152
At 31 December 2022 30,851 43,513 669,179

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 465,069 529,873
Other debtors 1,343 -
466,412 529,873

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 45,130 21,702
Trade creditors 332,881 380,278
Taxation and social security 45,718 37,858
Other creditors 71,232 67,090
494,961 506,928

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Other creditors 180,243 133,141

E AND R BENNETT LTD (REGISTERED NUMBER: NI615606)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans and overdrafts 11,051 11,051
Other creditors 106,914 108,185
117,965 119,236

Bank borrowings are secured on a personal guarantee provided by a director.

9. RELATED PARTY DISCLOSURES

At the year end the company had a loan amounting to £62,740 from members of key management personnel (£62,740 at 01.01.2023).

There is no repayment date for this loan and interest is not currently being charged.

The loan is presented within creditors: amounts falling due within one year.