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Registration number: 11813581

Bennett Whitehouse Group Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Bennett Whitehouse Group Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 10

 

Bennett Whitehouse Group Limited

(Registration number: 11813581)
Statement of Financial Position as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

5,167

-

Tangible assets

5

162,830

103,641

Investments

6

136,253

136,253

 

304,250

239,894

Current assets

 

Debtors

7

196,131

202,610

Cash at bank and in hand

 

45,677

29,981

 

241,808

232,591

Creditors: Amounts falling due within one year

8

(124,883)

(186,022)

Net current assets

 

116,925

46,569

Total assets less current liabilities

 

421,175

286,463

Creditors: Amounts falling due after more than one year

8

(132,232)

(100,000)

Provisions for liabilities

(37,165)

(18,037)

Net assets

 

251,778

168,426

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

251,777

168,425

Shareholders' funds

 

251,778

168,426

 

Bennett Whitehouse Group Limited

(Registration number: 11813581)
Statement of Financial Position as at 30 September 2024 (continued)

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.

Director's 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 director acknowledges his 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 16 March 2025
 


Gavin Whitehouse
Director

 

Bennett Whitehouse Group Limited

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 and Wales.

The company changed its name on 6th October 2023.

The address of its registered office is:
Waterfront One
Waterfront Business Park
Brierley Hill
West Midlands
DY5 1LX
England

Principal activity

The principal activity of the company is accounting and auditing activities.

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).

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings compromise a small group.

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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

Bennett Whitehouse Group Limited

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

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

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

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.

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 statement of financial position 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

Short leasehold property

20% straight line

Fittings, fixtures and equipment

20% straight line

Computer equipment

33.33% straight line

 

Bennett Whitehouse Group Limited

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

2

Accounting policies (continued)

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Bennett Whitehouse Group Limited

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

2

Accounting policies (continued)

Leases

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

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the statement of comprehensive income and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 4).

 

Bennett Whitehouse Group Limited

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

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

Additions acquired separately

5,167

5,167

At 30 September 2024

5,167

5,167

Amortisation

Carrying amount

At 30 September 2024

5,167

5,167

5

Tangible assets

Short leasehold land and buildings
£

Fixtures, fittings and equipment
£

Plant and machinery
£

Computer equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

59,240

37,135

-

10,696

-

107,071

Additions

9,993

20,264

1,572

3,778

58,602

94,209

Disposals

-

-

-

(3,147)

-

(3,147)

At 30 September 2024

69,233

57,399

1,572

11,327

58,602

198,133

Depreciation

At 1 October 2023

-

-

-

3,430

-

3,430

Charge for the year

13,314

11,694

175

4,954

4,883

35,020

Eliminated on disposal

-

-

-

(3,147)

-

(3,147)

At 30 September 2024

13,314

11,694

175

5,237

4,883

35,303

Carrying amount

At 30 September 2024

55,919

45,705

1,397

6,090

53,719

162,830

At 30 September 2023

59,240

37,135

-

7,266

-

103,641

Included within the net book value of land and buildings above is £55,920 (2023 - £59,240) in respect of short leasehold land and buildings.
 

 

Bennett Whitehouse Group Limited

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

6

Investments

2024
£

2023
£

Fixed asset group loan

136,253

136,253

Fixed asset group loan

£

Cost or valuation

At 1 October 2023

136,253

7

Debtors

2024
£

2023
£

Trade debtors

21,565

23,959

Amounts owed by related parties

125,000

150,104

Other debtors

-

1,615

Prepayments

49,566

26,932

196,131

202,610

The debtors above includes the amount of £Nil (2023: £40,000) falling due after more than one year.

 

Bennett Whitehouse Group Limited

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

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Loans and borrowings

11,720

-

Trade creditors

28,502

77,512

Taxation and social security

38,381

24,218

Accruals and deferred income

43,922

925

Other creditors

2,358

83,367

124,883

186,022

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Loans and borrowings

132,232

100,000

9

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

10

Related party transactions

Transactions with the director

2024

At 1 October 2023
£

Advances to director
£

At 30 September 2024
£

The Director

(102,184)

(174)

(102,358)

       
     

 

2023

At 1 October 2022
£

Advances to director
£

Repayments by director
£

At 30 September 2023
£

The Director

(128,000)

-

25,816

(102,184)

 

Directors' loans require a minimum of twelve months notice for repayment and are interest free.

 

Bennett Whitehouse Group Limited

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

10

Related party transactions (continued)

Summary of transactions with subsidiaries

As at 30 September 2024 Bennett Whitehouse Group Limited owed £nil to its subsidiary (2023: £81,184).