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REGISTERED NUMBER: 01071272 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

B J Fennell Limited

B J Fennell Limited (Registered number: 01071272)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

B J Fennell Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: R Marshall





SECRETARY: R Marshall





REGISTERED OFFICE: 85 Market Street
Pocklington
East Yorkshire
YO42 2AE





REGISTERED NUMBER: 01071272 (England and Wales)





ACCOUNTANTS: Kaye Middleton & Co
19 Railway Street
Pocklington
York
East Yorkshire
YO42 2QR

B J Fennell Limited (Registered number: 01071272)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 198,641 199,284

CURRENT ASSETS
Debtors 5 144,865 186,733
Cash at bank 5,480 1,605
150,345 188,338
CREDITORS
Amounts falling due within one year 6 142,177 169,702
NET CURRENT ASSETS 8,168 18,636
TOTAL ASSETS LESS CURRENT
LIABILITIES

206,809

217,920

CREDITORS
Amounts falling due after more than one
year

7

(11,667

)

(21,667

)

PROVISIONS FOR LIABILITIES (22,620 ) (22,724 )
NET ASSETS 172,522 173,529

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 8 171,100 171,100
Retained earnings 422 1,429
SHAREHOLDERS' FUNDS 172,522 173,529

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

B J Fennell Limited (Registered number: 01071272)

Balance Sheet - continued
31 May 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 director and authorised for issue on 30 January 2025 and were signed by:





R Marshall - Director


B J Fennell Limited (Registered number: 01071272)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

B J Fennell 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents brokerage and fees which (are mainly) taken to credit when debit notes are issued irrespective of the inception date or period of the insurance. Life commissions and other brokerage are credited when received. Alterations in brokerage arising from return and additional premiums and adjustments are taken into account as and when they occur.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 15% 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.

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.

B J Fennell Limited (Registered number: 01071272)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 June 2023
and 31 May 2024 195,000 32,900 227,900
DEPRECIATION
At 1 June 2023 - 28,616 28,616
Charge for year - 643 643
At 31 May 2024 - 29,259 29,259
NET BOOK VALUE
At 31 May 2024 195,000 3,641 198,641
At 31 May 2023 195,000 4,284 199,284

Cost or valuation at 31 May 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 1993 62,393 - 62,393
Valuation in 1999 5,000 - 5,000
Valuation in 2003 4,000 - 4,000
Valuation in 2007 71,000 - 71,000
Valuation in 2011 (45,000 ) - (45,000 )
Valuation in 2014 20,000 - 20,000
Valuation in 2017 55,000 - 55,000
Cost 22,607 32,900 55,507
195,000 32,900 227,900

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 22,607 22,607
Aggregate depreciation 15,618 15,166

Freehold land and buildings were valued on an open market basis on 10 July 2017 by Chris Clubley & Co Ltd t/a Clubleys .

B J Fennell Limited (Registered number: 01071272)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 144,865 186,733

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 26,473 24,030
Trade creditors 90,922 111,862
Taxation and social security 10,148 27,804
Other creditors 14,634 6,006
142,177 169,702

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,667 21,667

8. RESERVES
Revaluation
reserve
£   
At 1 June 2023
and 31 May 2024 171,100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
R Marshall
Balance outstanding at start of year 59,856 107,119
Amounts repaid (59,856 ) (47,263 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 59,856

Interest is charged at 3.5% on overdrawn directors loan accounts as appropriate.

B J Fennell Limited

Report of the Accountants to the Director of
B J Fennell Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on pages one to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Kaye Middleton & Co
19 Railway Street
Pocklington
York
East Yorkshire
YO42 2QR


30 January 2025