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REGISTERED NUMBER: 09496038 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CATHERINE BENNETT LTD

CATHERINE BENNETT LTD (REGISTERED NUMBER: 09496038)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CATHERINE BENNETT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs C E Bennett





SECRETARY: W W Bennett





REGISTERED OFFICE: Wheal Harmony House
Solomon Road
Redruth
Cornwall
TR15 1FD





REGISTERED NUMBER: 09496038 (England and Wales)





ACCOUNTANT: Catherine Bennett Ltd
Chartered Accountant
Wheal Harmony House
Solomon Road
Redruth
Cornwall
TR15 1FD

CATHERINE BENNETT LTD (REGISTERED NUMBER: 09496038)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,500 15,000
Tangible assets 5 312,617 327,824
320,117 342,824

CURRENT ASSETS
Stocks 300 400
Debtors 6 41,224 60,408
Cash at bank 79,636 78,738
121,160 139,546
CREDITORS
Amounts falling due within one year 7 121,154 134,775
NET CURRENT ASSETS 6 4,771
TOTAL ASSETS LESS CURRENT
LIABILITIES

320,123

347,595

CREDITORS
Amounts falling due after more than one
year

8

(141,853

)

(155,446

)

PROVISIONS FOR LIABILITIES (9,948 ) (13,746 )
NET ASSETS 168,322 178,403

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 168,212 178,293
SHAREHOLDERS' FUNDS 168,322 178,403

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

CATHERINE BENNETT LTD (REGISTERED NUMBER: 09496038)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 director and authorised for issue on 13 August 2024 and were signed by:





Mrs C E Bennett - Director


CATHERINE BENNETT LTD (REGISTERED NUMBER: 09496038)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Catherine Bennett Ltd 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

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 - not provided
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

CATHERINE BENNETT LTD (REGISTERED NUMBER: 09496038)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 75,000
AMORTISATION
At 1 April 2023 60,000
Amortisation for year 7,500
At 31 March 2024 67,500
NET BOOK VALUE
At 31 March 2024 7,500
At 31 March 2023 15,000

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 272,825 13,152 62,019 9,867 357,863
Additions - 1,485 - - 1,485
Disposals - (1,056 ) - - (1,056 )
At 31 March 2024 272,825 13,581 62,019 9,867 358,292
DEPRECIATION
At 1 April 2023 - 9,108 12,404 8,527 30,039
Charge for year - 2,210 12,403 1,287 15,900
Eliminated on disposal - (264 ) - - (264 )
At 31 March 2024 - 11,054 24,807 9,814 45,675
NET BOOK VALUE
At 31 March 2024 272,825 2,527 37,212 53 312,617
At 31 March 2023 272,825 4,044 49,615 1,340 327,824

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 19,995 36,568
Other debtors 12,581 16,882
Directors' current accounts 4,738 -
Prepayments 3,910 6,958
41,224 60,408

CATHERINE BENNETT LTD (REGISTERED NUMBER: 09496038)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 17,202 27,969
Trade creditors 6,761 11,879
Tax 52,541 25,066
Social security and other taxes 3,649 1,936
VAT 15,986 21,168
Other creditors 1,727 26
Directors' current accounts - 20,021
Accruals and deferred income 23,288 26,710
121,154 134,775

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans - 1-2 years 21,956 27,969
Bank loans - 2-5 years 51,335 72,748
Bank loans more 5 yr by instal 68,562 54,729
141,853 155,446

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 68,562 54,729

9. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Bank loans 159,055 183,415

The bank loan of £159,055 (2023 £183,415) is secured in favour of Barclays Security Trustee Ltd with a fixed and floating charge over all the property or undertaking of the company and a negative pledge and a second fixed charge over Wheal Harmony House including negative pledge.

CATHERINE BENNETT LTD (REGISTERED NUMBER: 09496038)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31/3/24 31/3/23
£    £   
Mrs C E Bennett
Balance outstanding at start of year (20,021 ) (13,460 )
Amounts advanced 184,354 370,698
Amounts repaid (159,595 ) (377,259 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,738 (20,021 )