2023-04-012024-03-312024-03-31false08926504BEN WAITE LTD2024-09-26iso4217:GBPxbrli:pure089265042023-04-01089265042024-03-31089265042023-04-012024-03-31089265042022-04-01089265042023-03-31089265042022-04-012023-03-3108926504bus:SmallEntities2023-04-012024-03-3108926504bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3108926504bus:FullAccounts2023-04-012024-03-3108926504bus:PrivateLimitedCompanyLtd2023-04-012024-03-3108926504core:WithinOneYear2024-03-3108926504core:AfterOneYear2024-03-3108926504core:WithinOneYear2023-03-3108926504core:AfterOneYear2023-03-3108926504core:ShareCapital2024-03-3108926504core:SharePremium2024-03-3108926504core:RevaluationReserve2024-03-3108926504core:OtherReservesSubtotal2024-03-3108926504core:RetainedEarningsAccumulatedLosses2024-03-3108926504core:ShareCapital2023-03-3108926504core:SharePremium2023-03-3108926504core:RevaluationReserve2023-03-3108926504core:OtherReservesSubtotal2023-03-3108926504core:RetainedEarningsAccumulatedLosses2023-03-3108926504core:LandBuildings2024-03-3108926504core:PlantMachinery2024-03-3108926504core:Vehicles2024-03-3108926504core:FurnitureFittings2024-03-3108926504core:OfficeEquipment2024-03-3108926504core:NetGoodwill2024-03-3108926504core:IntangibleAssetsOtherThanGoodwill2024-03-3108926504core:ListedExchangeTraded2024-03-3108926504core:UnlistedNon-exchangeTraded2024-03-3108926504core:LandBuildings2023-03-3108926504core:PlantMachinery2023-03-3108926504core:Vehicles2023-03-3108926504core:FurnitureFittings2023-03-3108926504core:OfficeEquipment2023-03-3108926504core:NetGoodwill2023-03-3108926504core:IntangibleAssetsOtherThanGoodwill2023-03-3108926504core:ListedExchangeTraded2023-03-3108926504core:UnlistedNon-exchangeTraded2023-03-3108926504core:LandBuildings2023-04-012024-03-3108926504core:PlantMachinery2023-04-012024-03-3108926504core:Vehicles2023-04-012024-03-3108926504core:FurnitureFittings2023-04-012024-03-3108926504core:OfficeEquipment2023-04-012024-03-3108926504core:NetGoodwill2023-04-012024-03-3108926504core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3108926504core:ListedExchangeTraded2023-04-012024-03-3108926504core:UnlistedNon-exchangeTraded2023-04-012024-03-3108926504core:MoreThanFiveYears2023-04-012024-03-3108926504core:Non-currentFinancialInstruments2024-03-3108926504core:Non-currentFinancialInstruments2023-03-3108926504dpl:CostSales2023-04-012024-03-3108926504dpl:DistributionCosts2023-04-012024-03-3108926504core:LandBuildings2023-04-012024-03-3108926504core:PlantMachinery2023-04-012024-03-3108926504core:Vehicles2023-04-012024-03-3108926504core:FurnitureFittings2023-04-012024-03-3108926504core:OfficeEquipment2023-04-012024-03-3108926504dpl:AdministrativeExpenses2023-04-012024-03-3108926504core:NetGoodwill2023-04-012024-03-3108926504core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3108926504dpl:GroupUndertakings2023-04-012024-03-3108926504dpl:ParticipatingInterests2023-04-012024-03-3108926504dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3108926504core:ListedExchangeTraded2023-04-012024-03-3108926504dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3108926504core:UnlistedNon-exchangeTraded2023-04-012024-03-3108926504dpl:CostSales2022-04-012023-03-3108926504dpl:DistributionCosts2022-04-012023-03-3108926504core:LandBuildings2022-04-012023-03-3108926504core:PlantMachinery2022-04-012023-03-3108926504core:Vehicles2022-04-012023-03-3108926504core:FurnitureFittings2022-04-012023-03-3108926504core:OfficeEquipment2022-04-012023-03-3108926504dpl:AdministrativeExpenses2022-04-012023-03-3108926504core:NetGoodwill2022-04-012023-03-3108926504core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3108926504dpl:GroupUndertakings2022-04-012023-03-3108926504dpl:ParticipatingInterests2022-04-012023-03-3108926504dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3108926504core:ListedExchangeTraded2022-04-012023-03-3108926504dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3108926504core:UnlistedNon-exchangeTraded2022-04-012023-03-3108926504core:NetGoodwill2024-03-3108926504core:IntangibleAssetsOtherThanGoodwill2024-03-3108926504core:LandBuildings2024-03-3108926504core:PlantMachinery2024-03-3108926504core:Vehicles2024-03-3108926504core:FurnitureFittings2024-03-3108926504core:OfficeEquipment2024-03-3108926504core:AfterOneYear2024-03-3108926504core:WithinOneYear2024-03-3108926504core:ListedExchangeTraded2024-03-3108926504core:UnlistedNon-exchangeTraded2024-03-3108926504core:ShareCapital2024-03-3108926504core:SharePremium2024-03-3108926504core:RevaluationReserve2024-03-3108926504core:OtherReservesSubtotal2024-03-3108926504core:RetainedEarningsAccumulatedLosses2024-03-3108926504core:NetGoodwill2023-03-3108926504core:IntangibleAssetsOtherThanGoodwill2023-03-3108926504core:LandBuildings2023-03-3108926504core:PlantMachinery2023-03-3108926504core:Vehicles2023-03-3108926504core:FurnitureFittings2023-03-3108926504core:OfficeEquipment2023-03-3108926504core:AfterOneYear2023-03-3108926504core:WithinOneYear2023-03-3108926504core:ListedExchange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BEN WAITE LTD

Registered Number
08926504
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

BEN WAITE LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

WAITE, Benjamin
WAITE, Nicola

Registered Address

5 Pellew Arcade
Teign Street
Teignmouth
TQ14 8EB

Registered Number

08926504 (England and Wales)
BEN WAITE LTD
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets37,2969,151
7,2969,151
Current assets
Debtors41,2491,868
Cash at bank and on hand3,1859,388
4,43411,256
Creditors amounts falling due within one year5(7,406)(6,983)
Net current assets (liabilities)(2,972)4,273
Total assets less current liabilities4,32413,424
Provisions for liabilities6(1,386)-
Net assets2,93813,424
Capital and reserves
Called up share capital100100
Profit and loss account2,83813,324
Shareholders' funds2,93813,424
The financial statements were approved and authorised for issue by the Board of Directors on 26 September 2024, and are signed on its behalf by:
WAITE, Benjamin
Director
WAITE, Nicola
Director

Registered Company No. 08926504
BEN WAITE LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Fixtures and fittings25
Vehicles20
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 April 2323,3441,45424,798
At 31 March 2423,3441,45424,798
Depreciation and impairment
At 01 April 2314,68796015,647
Charge for year1,7311241,855
At 31 March 2416,4181,08417,502
Net book value
At 31 March 246,9263707,296
At 31 March 238,6574949,151
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables1,120-
Other debtors1291,868
Total1,2491,868
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables51363
Bank borrowings and overdrafts10739
Taxation and social security7,2486,563
Accrued liabilities and deferred income-18
Total7,4066,983
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)1,386-
Total1,386-
7.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
WAITE, Benjamin3929068
3929068