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REGISTERED NUMBER: 11922187 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

SM Bennett Creations Limited

SM Bennett Creations Limited (Registered number: 11922187)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SM Bennett Creations Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: S M Bennett
J E Harris





REGISTERED OFFICE: Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 11922187 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

SM Bennett Creations Limited (Registered number: 11922187)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,458 21,747

CURRENT ASSETS
Stocks 16,713 3,650
Debtors 5 3,023 3,636
Cash at bank 360 5,014
20,096 12,300
CREDITORS
Amounts falling due within one year 6 31,344 23,191
NET CURRENT LIABILITIES (11,248 ) (10,891 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,210

10,856

CREDITORS
Amounts falling due after more than one
year

7

7,000

13,000
NET LIABILITIES (790 ) (2,144 )

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings (990 ) (2,344 )
SHAREHOLDERS' FUNDS (790 ) (2,144 )

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

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

SM Bennett Creations Limited (Registered number: 11922187)

Balance Sheet - continued
30 April 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 6 January 2025 and were signed on its behalf by:





S M Bennett - Director


SM Bennett Creations Limited (Registered number: 11922187)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

SM Bennett Creations 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.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

SM Bennett Creations Limited (Registered number: 11922187)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 19,490 10,500 29,990
DEPRECIATION
At 1 May 2023 8,024 219 8,243
Charge for year 1,719 2,570 4,289
At 30 April 2024 9,743 2,789 12,532
NET BOOK VALUE
At 30 April 2024 9,747 7,711 17,458
At 30 April 2023 11,466 10,281 21,747

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST
At 1 May 2023
and 30 April 2024 13,700
DEPRECIATION
At 1 May 2023 6,549
Charge for year 1,072
At 30 April 2024 7,621
NET BOOK VALUE
At 30 April 2024 6,079
At 30 April 2023 7,151

SM Bennett Creations Limited (Registered number: 11922187)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 3,023 3,636

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts - 399
Trade creditors 8,060 3,511
Taxation and social security 1,004 54
Other creditors 22,280 19,227
31,344 23,191

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Other creditors 7,000 13,000

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£    £   
Within one year 4,091 4,091
Between one and five years 19,759 23,850
23,850 27,941

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
200 200

SM Bennett Creations Limited (Registered number: 11922187)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.