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REGISTERED NUMBER: 02623672 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

CHRIS BENNETT (HEAVY HAULAGE) LIMITED

CHRIS BENNETT (HEAVY HAULAGE) LIMITED (REGISTERED NUMBER: 02623672)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


CHRIS BENNETT (HEAVY HAULAGE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: Mr C H Bennett
Mrs L A Dewe
Mr A W Bennett
Mr C E Bennett





REGISTERED OFFICE: Arden Hall
Far Cromwell Road
Bredbury
Stockport
Cheshire
SK6 2RY





REGISTERED NUMBER: 02623672 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

CHRIS BENNETT (HEAVY HAULAGE) LIMITED (REGISTERED NUMBER: 02623672)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,934,641 1,735,596
1,934,641 1,735,596

CURRENT ASSETS
Debtors 6 871,746 801,183
Cash at bank and in hand 1,233,956 1,314,995
2,105,702 2,116,178
CREDITORS
Amounts falling due within one year 7 483,594 541,179
NET CURRENT ASSETS 1,622,108 1,574,999
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,556,749

3,310,595

PROVISIONS FOR LIABILITIES 9 470,955 424,973
NET ASSETS 3,085,794 2,885,622

CAPITAL AND RESERVES
Called up share capital 10 11,500 11,500
Retained earnings 3,074,294 2,874,122
SHAREHOLDERS' FUNDS 3,085,794 2,885,622

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

CHRIS BENNETT (HEAVY HAULAGE) LIMITED (REGISTERED NUMBER: 02623672)

BALANCE SHEET - continued
30TH JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th January 2025 and were signed on its behalf by:





Mrs L A Dewe - Director


CHRIS BENNETT (HEAVY HAULAGE) LIMITED (REGISTERED NUMBER: 02623672)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

Chris Bennett (Heavy Haulage) 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 recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

i) the Company has transferred the significant risks and rewards of ownership to the buyer;
ii) the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
iii) the amount of turnover can be measured reliably;
iv) it is probable that the Company will receive the consideration due under the transaction and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Amortisation is provided for as follows:

Goodwill - 20% straight line
Website development - 25% straight line

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance, 20% to 25% on reducing balance, 15% on reducing balance and 15% to 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


CHRIS BENNETT (HEAVY HAULAGE) LIMITED (REGISTERED NUMBER: 02623672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 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
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 28 (2023 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st July 2023
and 30th June 2024 50,000 7,500 57,500
AMORTISATION
At 1st July 2023
and 30th June 2024 50,000 7,500 57,500
NET BOOK VALUE
At 30th June 2024 - - -
At 30th June 2023 - - -

CHRIS BENNETT (HEAVY HAULAGE) LIMITED (REGISTERED NUMBER: 02623672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2023 4,858,312
Additions 579,581
Disposals (406,049 )
At 30th June 2024 5,031,844
DEPRECIATION
At 1st July 2023 3,122,716
Charge for year 318,673
Eliminated on disposal (344,186 )
At 30th June 2024 3,097,203
NET BOOK VALUE
At 30th June 2024 1,934,641
At 30th June 2023 1,735,596

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 757,775 599,443
Other debtors 113,971 201,740
871,746 801,183

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 131,050 189,420
Taxation and social security 203,210 171,715
Other creditors 149,334 180,044
483,594 541,179

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 263,200 272,077
Between one and five years 282,022 485,335
545,222 757,412

CHRIS BENNETT (HEAVY HAULAGE) LIMITED (REGISTERED NUMBER: 02623672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 470,955 424,973

Deferred
tax
£   
Balance at 1st July 2023 424,973
Provided during year 45,982
Balance at 30th June 2024 470,955

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

2024 2023
£    £   
10,00 ordinary shares of £1 each - 10,000
1,500 ordinary non-voting shares of £1 each - 1,500
4,275 A ordinary shares of £1 each 4,275 -
3,775 B ordinary shares of £1 each 3,775 -
2,300 C ordinary shares of £1 each 2,300 -
1,150 D ordinary shares of £1 each 1,150 -


11,500 11,500

On 17 July 2023 1,500 ordinary non voting shares were reclassified as ordinary shares.

On 17 July 2023 11,500 ordinary shares were reclassified as 4,275 A ordinary shares, 3,775 B ordinary shares, 2,300 C ordinary shares and 1,150 D ordinary shares.