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REGISTERED NUMBER: 01722894 (England and Wales)
















C E BENNETT & SONS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






C E BENNETT & SONS LIMITED (REGISTERED NUMBER: 01722894)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C E BENNETT & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: A P Griffiths





REGISTERED OFFICE: Units 1 & 2
Anchor Business Park
Frost Hill
Liversedge
West Yorkshire
WF15 6AU





REGISTERED NUMBER: 01722894 (England and Wales)





ACCOUNTANTS: UHY BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY

C E BENNETT & SONS LIMITED (REGISTERED NUMBER: 01722894)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 5,380 6,417
Tangible assets 5 172,163 109,407
177,543 115,824

CURRENT ASSETS
Stocks 65,329 49,226
Debtors 6 491,226 472,292
Cash at bank 181,144 162,183
737,699 683,701
CREDITORS
Amounts falling due within one year 7 359,826 299,289
NET CURRENT ASSETS 377,873 384,412
TOTAL ASSETS LESS CURRENT
LIABILITIES

555,416

500,236

CREDITORS
Amounts falling due after more than one
year

8

(78,749

)

(37,726

)

PROVISIONS FOR LIABILITIES (22,520 ) (27,352 )
NET ASSETS 454,147 435,158

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 454,047 435,058
SHAREHOLDERS' FUNDS 454,147 435,158

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

C E BENNETT & SONS LIMITED (REGISTERED NUMBER: 01722894)

BALANCE SHEET - continued
31 AUGUST 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 January 2025 and were signed by:





A P Griffiths - Director


C E BENNETT & SONS LIMITED (REGISTERED NUMBER: 01722894)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

C E Bennett & Sons 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of eight years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development costs are being amortised evenly over their useful life of ten years.

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 - 25% on reducing balance
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 15% on reducing balance

Government grants
The company received government grants. These grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the performance model.

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.

C E BENNETT & SONS LIMITED (REGISTERED NUMBER: 01722894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets abd financial liabilities are recognised when the company becomes a party to the contractual provision of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors and trade creditors.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e.cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 13 (2023 - 18 ) .

C E BENNETT & SONS LIMITED (REGISTERED NUMBER: 01722894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£ £ £
COST
At 1 September 2023
and 31 August 2024 250,000 10,370 260,370
AMORTISATION
At 1 September 2023 250,000 3,953 253,953
Charge for year - 1,037 1,037
At 31 August 2024 250,000 4,990 254,990
NET BOOK VALUE
At 31 August 2024 - 5,380 5,380
At 31 August 2023 - 6,417 6,417

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 September 2023 5,977 269,111 275,088
Additions - 90,927 90,927
At 31 August 2024 5,977 360,038 366,015
DEPRECIATION
At 1 September 2023 5,977 159,704 165,681
Charge for year - 28,171 28,171
At 31 August 2024 5,977 187,875 193,852
NET BOOK VALUE
At 31 August 2024 - 172,163 172,163
At 31 August 2023 - 109,407 109,407

Included in the above are fixed assets with a net book value of £120,806 (2023: £48,220) held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 389,588 394,265
Amounts owed by group undertakings 65,903 55,413
Other debtors 35,735 22,614
491,226 472,292

C E BENNETT & SONS LIMITED (REGISTERED NUMBER: 01722894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 9) 24,335 13,934
Trade creditors 87,511 86,587
Taxation and social security 128,242 112,167
Other creditors 109,738 76,601
359,826 299,289

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 7,500 17,500
Hire purchase contracts (see note 9) 71,249 20,226
78,749 37,726

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£ £
Net obligations repayable:
Within one year 24,335 13,934
Between one and five years 71,249 20,226
95,584 34,160

Non-cancellable
operating leases
2024 2023
£ £
Within one year 512 -
Between one and five years 427 -
939 -

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Hire purchase contracts 95,584 34,160

C E BENNETT & SONS LIMITED (REGISTERED NUMBER: 01722894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£ £
A P Griffiths
Balance outstanding at start of year - 4,616
Amounts repaid - (4,616 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

12. POST BALANCE SHEET EVENTS

on 25 October 2024 the shareholding of C&H (Holdings) Bennetts Limited was transferred to Griffiths Holdings Limited by way of a share purchase agreement.