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REGISTERED NUMBER: 05310023 (England and Wales)













Unaudited Financial Statements for the Year Ended 31 March 2024

for

Webster & Bennett Limited

Webster & Bennett Limited (Registered number: 05310023)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Webster & Bennett Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: I G Bayliss
S R Henderson





SECRETARY: I G Bayliss





REGISTERED OFFICE: C/o Wilkes Tranter & Co,
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS





REGISTERED NUMBER: 05310023 (England and Wales)





ACCOUNTANTS: Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Webster & Bennett Limited

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 Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Webster & Bennett Limited for the year ended 31 March 2024 which comprise the Profit and Loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Webster & Bennett Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Webster & Bennett Limited and state those matters that we have agreed to state to the Board of Directors of Webster & Bennett Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Webster & Bennett Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Webster & Bennett Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Webster & Bennett Limited. You consider that Webster & Bennett Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Webster & Bennett Limited. 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 statutory financial statements.






Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS


20 September 2024

Webster & Bennett Limited (Registered number: 05310023)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 167,219 83,675
167,219 83,675

CURRENT ASSETS
Stocks 277,813 372,871
Debtors 6 9,847 161,405
Cash at bank and in hand 462,571 656,102
750,231 1,190,378
CREDITORS
Amounts falling due within one year 7 (547,038 ) (726,748 )
NET CURRENT ASSETS 203,193 463,630
TOTAL ASSETS LESS CURRENT
LIABILITIES

370,412

547,305

CREDITORS
Amounts falling due after more than
one year

8

(71,459

)

(43,446

)

PROVISIONS FOR LIABILITIES (41,805 ) (20,919 )
NET ASSETS 257,148 482,940

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 256,148 481,940
257,148 482,940

Webster & Bennett Limited (Registered number: 05310023)

Balance Sheet - continued
31 March 2024


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 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.

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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:




I G Bayliss - Director



S R Henderson - Director


Webster & Bennett Limited (Registered number: 05310023)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures, fittings and equipment - 50% on cost
Motor vehicles - 25% on reducing balance

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 Profit and Loss account, 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.


Webster & Bennett Limited (Registered number: 05310023)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 8 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 5,900
AMORTISATION
At 1 April 2023
and 31 March 2024 5,900
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Webster & Bennett Limited (Registered number: 05310023)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Plant and and Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 April 2023 20,777 15,080 128,000 163,857
Additions - - 118,869 118,869
Disposals - - (27,000 ) (27,000 )
At 31 March 2024 20,777 15,080 219,869 255,726
DEPRECIATION
At 1 April 2023 16,894 14,902 48,386 80,182
Charge for year 1,039 178 22,757 23,974
Eliminated on disposal - - (15,649 ) (15,649 )
At 31 March 2024 17,933 15,080 55,494 88,507
NET BOOK VALUE
At 31 March 2024 2,844 - 164,375 167,219
At 31 March 2023 3,883 178 79,614 83,675

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 69,000
Additions 118,869
At 31 March 2024 187,869
DEPRECIATION
At 1 April 2023 17,250
Charge for year 17,175
At 31 March 2024 34,425
NET BOOK VALUE
At 31 March 2024 153,444
At 31 March 2023 51,750

Webster & Bennett Limited (Registered number: 05310023)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,198 159,323
Other debtors 2,649 2,082
9,847 161,405

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 43,710 20,635
Trade creditors 139,706 291,378
Taxation and social security 101,274 253,004
Other creditors 262,348 161,731
547,038 726,748

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 71,459 43,446

9. SECURED DEBTS

The hire purchase contract is secured over the asset concerned.