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Registered number: 02743171
Bennison Ceramic Tiling Contractors Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Moore Bennett Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02743171
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 506,893 541,480
506,893 541,480
CURRENT ASSETS
Stocks 5 10,000 10,000
Debtors 6 258,950 488,885
Cash at bank and in hand 18,819 41,625
287,769 540,510
Creditors: Amounts Falling Due Within One Year 7 (274,515 ) (635,144 )
NET CURRENT ASSETS (LIABILITIES) 13,254 (94,634 )
TOTAL ASSETS LESS CURRENT LIABILITIES 520,147 446,846
Creditors: Amounts Falling Due After More Than One Year 8 (107,500 ) (100,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (110,963 ) (93,053 )
NET ASSETS 301,684 253,793
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 301,682 253,791
SHAREHOLDERS' FUNDS 301,684 253,793
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Thompson
Director
27/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bennison Ceramic Tiling Contractors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02743171 . The registered office is Unit 1 10 & 11 Helmsmen House, Chirton Middle Industrial Estate, North Shields, Tyne & Wear, NE29 8RZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 5.46% Straight Line
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 25% Straight Line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 28 (2023: 24)
28 24
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 May 2023 51,863 10,787 593,856 12,608
Additions 14,032 1,280 100,705 -
As at 30 April 2024 65,895 12,067 694,561 12,608
Depreciation
As at 1 May 2023 873 4,043 144,642 1,972
Provided during the period 3,449 1,843 146,752 1,618
As at 30 April 2024 4,322 5,886 291,394 3,590
Net Book Value
As at 30 April 2024 61,573 6,181 403,167 9,018
As at 1 May 2023 50,990 6,744 449,214 10,636
Computer Equipment Total
£ £
Cost
As at 1 May 2023 31,261 700,375
Additions 12,914 128,931
As at 30 April 2024 44,175 829,306
Depreciation
As at 1 May 2023 7,365 158,895
Provided during the period 9,856 163,518
As at 30 April 2024 17,221 322,413
Net Book Value
As at 30 April 2024 26,954 506,893
As at 1 May 2023 23,896 541,480
Page 4
Page 5
5. Stocks
2024 2023
£ £
Stock 10,000 10,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 89,200 390,621
Prepayments and accrued income 148,217 55,924
Other debtors 11,350 -
VAT 10,183 42,340
258,950 488,885
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 221,110 284,169
Bank loans and overdrafts 27,500 37,500
Other loans 4,177 837
Corporation tax 3,749 (6 )
Other taxes and social security 12,969 14,644
Other creditors 1,753 -
Accruals and deferred income 1,820 296,875
Director's loan account 1,437 1,125
274,515 635,144
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Loan - Ignite 107,500 100,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5