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Registration number: 03754846

Bennett Associates Consulting Limited

trading as Bennett Associates Consulting Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Bennett Associates Consulting Limited

trading as Bennett Associates Consulting Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Bennett Associates Consulting Limited

trading as Bennett Associates Consulting Ltd

Company Information

Directors

Jaie Bennett

Jason Lloyd

Company secretary

Tracey Bennett

Registered office

Unit 11 Dunkirk Business Park
Frome Road
Southwick
Trowbridge
Wiltshire
BA14 9NL

Accountants

Kate Moakes
AIMS Accountants for Business33 Sandringham Avenue
Bristol
BS16 6NQ

 

Bennett Associates Consulting Limited

trading as Bennett Associates Consulting Ltd

(Registration number: 03754846)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

284,993

189,849

Current assets

 

Debtors

5

59,493

53,956

Cash at bank and in hand

 

41,700

6,463

 

101,193

60,419

Creditors: Amounts falling due within one year

6

(140,438)

(129,300)

Net current liabilities

 

(39,245)

(68,881)

Total assets less current liabilities

 

245,748

120,968

Provisions for liabilities

(22,568)

(21,272)

Net assets

 

223,180

99,696

Capital and reserves

 

Called up share capital

7

2,000

2,000

Retained earnings

221,180

97,696

Shareholders' funds

 

223,180

99,696

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 March 2025 and signed on its behalf by:
 

.........................................
Jaie Bennett
Director

 

Bennett Associates Consulting Limited

trading as Bennett Associates Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 11 Dunkirk Business Park
Frome Road
Southwick
Trowbridge
Wiltshire
BA14 9NL

These financial statements were authorised for issue by the Board on 10 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Bennett Associates Consulting Limited

trading as Bennett Associates Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land & Buildings

4% straight line basis

Motor vehicles

25% reducing balance basis

Fixtures & fittings

25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Bennett Associates Consulting Limited

trading as Bennett Associates Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2023 - 13).

4

tangible assets

Land and buildings
£

Fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

269,905

42,132

82,227

394,264

Additions

115,000

-

-

115,000

At 30 September 2024

384,905

42,132

82,227

509,264

Depreciation

At 1 October 2023

97,893

40,853

65,669

204,415

Charge for the year

15,396

320

4,140

19,856

At 30 September 2024

113,289

41,173

69,809

224,271

Carrying amount

At 30 September 2024

271,616

959

12,418

284,993

At 30 September 2023

172,012

1,279

16,558

189,849

Included within the net book value of land and buildings above is £271,616 (2023 - £172,012) in respect of freehold land and buildings.
 

 

Bennett Associates Consulting Limited

trading as Bennett Associates Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

debtors

Current

2024
£

2023
£

Trade debtors

56,993

51,456

Other debtors

2,500

2,500

 

59,493

53,956

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

63,998

40,488

Accruals and deferred income

62,183

27,795

Other creditors

14,257

61,017

140,438

129,300

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares A of £1 each

1,000

1,000

1,000

1,000

Ordinary Shares B of £1 each

1,000

1,000

1,000

1,000

2,000

2,000

2,000

2,000

8

Dividends

9

Related party transactions

 

Bennett Associates Consulting Limited

trading as Bennett Associates Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

59,078

56,667