Company registration number 10700208 (England and Wales)
BENNETTS BURNERS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
BENNETTS BURNERS LIMITED
COMPANY INFORMATION
Director
Mr G B Bennett
Secretary
Mrs S Bennett
Company number
10700208
Registered office
256 Birchfield Road
Redditch
Worcestershire
B97 4LZ
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Lloyds Bank Plc
Ariel House
2138 Coventry Road
Sheldon
Birmingham
B26 3JW
BENNETTS BURNERS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 9
BENNETTS BURNERS LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BENNETTS BURNERS LIMITED FOR THE YEAR ENDED 29 JUNE 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bennetts Burners Limited for the year ended 29 June 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Bennetts Burners Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bennetts Burners Limited and state those matters that we have agreed to state to the board of directors of Bennetts Burners Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bennetts Burners Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Bennetts Burners Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Bennetts Burners Limited. You consider that Bennetts Burners Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bennetts Burners Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited
26 March 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
BENNETTS BURNERS LIMITED
BALANCE SHEET
AS AT 29 JUNE 2024
29 June 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
3,000
4,000
Tangible assets
4
11,048
14,732
14,048
18,732
Current assets
Debtors
5
3,784
8,063
Cash at bank and in hand
2,366
1,657
6,150
9,720
Creditors: amounts falling due within one year
6
(8,650)
(11,626)
Net current liabilities
(2,500)
(1,906)
Total assets less current liabilities
11,548
16,826
Creditors: amounts falling due after more than one year
7
(10,835)
(13,804)
Provisions for liabilities
9
(2,099)
(2,780)
Net (liabilities)/assets
(1,386)
242
Capital and reserves
Called up share capital
10
100
100
Profit and loss reserves
(1,486)
142
Total equity
(1,386)
242

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 29 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

BENNETTS BURNERS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 29 JUNE 2024
29 June 2024
- 3 -
The financial statements were approved and signed by the director and authorised for issue on 26 March 2025
Mr G B Bennett
Director
Company registration number 10700208 (England and Wales)
BENNETTS BURNERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024
- 4 -
1
Accounting policies
Company information

Bennetts Burners Limited is a private company limited by shares incorporated in England and Wales. The registered office is 256 Birchfield Road, Redditch, Worcestershire, B97 4LZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% on reducing balance
Motor vehicles
25% on reducing balance
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

BENNETTS BURNERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 JUNE 2024
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date 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. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.8
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
BENNETTS BURNERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 JUNE 2024
- 6 -
3
Intangible fixed assets
Goodwill
£
Cost
At 30 June 2023 and 29 June 2024
10,000
Amortisation and impairment
At 30 June 2023
6,000
Amortisation charged for the year
1,000
At 29 June 2024
7,000
Carrying amount
At 29 June 2024
3,000
At 29 June 2023
4,000
4
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 30 June 2023 and 29 June 2024
10,376
22,200
32,576
Depreciation and impairment
At 30 June 2023
5,995
11,849
17,844
Depreciation charged in the year
1,096
2,588
3,684
At 29 June 2024
7,091
14,437
21,528
Carrying amount
At 29 June 2024
3,285
7,763
11,048
At 29 June 2023
4,381
10,351
14,732
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
3,784
8,063
BENNETTS BURNERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 JUNE 2024
- 7 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
2,312
2,227
Trade creditors
1,110
1,242
Taxation and social security
3,662
4,653
Other creditors
1,566
3,504
8,650
11,626
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,835
13,144
Other creditors
-
0
660
10,835
13,804
BENNETTS BURNERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 JUNE 2024
- 8 -
8
Secured debts
The following secured debts are included within creditors:
2024
2023
£
£
Hire purchase contracts
-
660
Bank loans
13,147
15,371
13,147
16,031
Hire purchase contracts are secured against the assets to which they relate.
Bank loans are secured by way of a government backed guarantee.
9
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
2,099
2,780
10
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
70
70
70
70
Ordinary Preferred of £1 each
30
30
30
30
100
100
100
100

 

11
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Loan account
-
8,063
3,784
(8,063)
3,784
8,063
3,784
(8,063)
3,784

The director's loan account was repaid within 9 months of the period end.

BENNETTS BURNERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 JUNE 2024
- 9 -
12
Ultimate controlling party

The ultimate controlling party is Mr G B Bennett.

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