D S BENNETT (MIDLANDS) LIMITED

Company Registration Number:
10020080 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

D S BENNETT (MIDLANDS) LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

D S BENNETT (MIDLANDS) LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 942,073 798,430
Total fixed assets: 942,073 798,430
Current assets
Stocks: 100 100
Cash at bank and in hand: 21,206 66,481
Total current assets: 21,306 66,581
Creditors: amounts falling due within one year:   (452,538) (280,213)
Net current assets (liabilities): (431,232) (213,632)
Total assets less current liabilities: 510,841 584,798
Creditors: amounts falling due after more than one year:   (31,093) (263,479)
Provision for liabilities: (79,232) (49,707)
Total net assets (liabilities): 400,516 271,612
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:4321,970206,499
Profit and loss account: 78,446 65,013
Shareholders funds: 400,516 271,612

The notes form part of these financial statements

D S BENNETT (MIDLANDS) LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 09 September 2024
and signed on behalf of the board by:

Name: D S Bennett
Status: Director

The notes form part of these financial statements

D S BENNETT (MIDLANDS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows: Plant and machinery 25% reducing balance basis Motor vehicles 25% reducing balance basis

Other accounting policies

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

D S BENNETT (MIDLANDS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

D S BENNETT (MIDLANDS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 815,589
Revaluations 145,313
At 31 March 2024 960,902
Depreciation
At 01 April 2023 17,159
Charge for year 1,670
At 31 March 2024 18,829
Net book value
At 31 March 2024 942,073
At 31 March 2023 798,430

D S BENNETT (MIDLANDS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Revaluation reserve

2024
£
Balance at 01 April 2023 206,499
Surplus or deficit after revaluation 115,471
Balance at 31 March 2024 321,970