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REGISTERED NUMBER: 00822990 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Ernest Bennett & Company (Darlington)
Limited

Ernest Bennett & Company (Darlington)
Limited (Registered number: 00822990)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ernest Bennett & Company (Darlington)
Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: S T Maxey
I K Maxey
R W Maxey
D R Maxey
C J Godfrey
M S Bennett





REGISTERED OFFICE: Unit 1
Caxton Way
Dinnington
Sheffield
S25 3QE





REGISTERED NUMBER: 00822990 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

Ernest Bennett & Company (Darlington)
Limited (Registered number: 00822990)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,232,001 1,268,903

CURRENT ASSETS
Stocks 5 382,079 299,935
Debtors 6 724,200 702,123
Cash at bank and in hand 1,060,387 924,283
2,166,666 1,926,341
CREDITORS
Amounts falling due within one year 7 (618,315 ) (557,911 )
NET CURRENT ASSETS 1,548,351 1,368,430
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,780,352

2,637,333

PROVISIONS FOR LIABILITIES 9 (160,171 ) (162,320 )
NET ASSETS 2,620,181 2,475,013

CAPITAL AND RESERVES
Called up share capital 10 150 150
Retained earnings 2,620,031 2,474,863
SHAREHOLDERS' FUNDS 2,620,181 2,475,013

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Ernest Bennett & Company (Darlington)
Limited (Registered number: 00822990)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by:





S T Maxey - Director


Ernest Bennett & Company (Darlington)
Limited (Registered number: 00822990)

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

1. STATUTORY INFORMATION

Ernest Bennett & Company (Darlington) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Income is recognised when goods have been delivered to/collected by the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance and 10% on cost
Fixtures and fittings - 20% on cost and 10% on reducing balance
Motor vehicles - 25% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Stocks
Stocks are valued at the lower of cost and selling price less estimated costs to sell, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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.


Ernest Bennett & Company (Darlington)
Limited (Registered number: 00822990)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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 34 (2023 - 46 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023 812,895 3,104,690 79,772 327,349 4,324,706
Additions - 99,321 21,123 - 120,444
Disposals - (28,174 ) - - (28,174 )
At 30 September 2024 812,895 3,175,837 100,895 327,349 4,416,976
DEPRECIATION
At 1 October 2023 261,054 2,536,113 63,657 194,979 3,055,803
Charge for year 14,058 113,625 3,553 23,310 154,546
Eliminated on disposal - (25,374 ) - - (25,374 )
At 30 September 2024 275,112 2,624,364 67,210 218,289 3,184,975
NET BOOK VALUE
At 30 September 2024 537,783 551,473 33,685 109,060 1,232,001
At 30 September 2023 551,841 568,577 16,115 132,370 1,268,903

Ernest Bennett & Company (Darlington)
Limited (Registered number: 00822990)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. STOCKS
2024 2023
£    £   
Finished goods 382,079 299,935

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 545,464 579,649
Other debtors 127,752 60,794
Directors' current accounts 12,389 20,993
Prepayments and accrued income 38,595 40,687
724,200 702,123

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 163,295 235,238
Taxation and social security 415,616 291,490
Other creditors 7,990 7,990
Accruals and deferred income 31,414 23,193
618,315 557,911

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 5,028 358
Between one and five years 5,028 -
In more than five years 7,123 -
17,179 358

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 160,171 162,320

Deferred
tax
£   
Balance at 1 October 2023 162,320
Accelerated capital allowances (2,149 )
Balance at 30 September 2024 160,171

Ernest Bennett & Company (Darlington)
Limited (Registered number: 00822990)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 A Ordinary £1 10 10
10 B Ordinary £1 10 10
10 C Ordinary £1 10 10
10 D Ordinary £1 10 10
10 E Ordinary £1 10 10
10 F Ordinary £1 10 10
56 G Ordinary £1 56 56
34 H Ordinary £1 34 34
150 150

The 'A', 'B', 'C', 'D', 'E', 'F', 'G' and 'H' shares shall constitute different classes of shares for the purposes of the Companies Act 2006 but shall, save as otherwise provided for, confer upon the holders thereof the same rights and rank pari passu in all respects except that the directors shall be entitled to pay such different dividend of the 'A', 'B', 'C', 'D', 'E', 'F', 'G' and 'H' shares as they shall from time to time decide.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

Director20242023
££
Balance outstanding at start of year20,993 52,131
Amounts advanced- -
Amounts repaid(8,604)(31,138 )
Amounts written off- -
Amounts waived- -
Balance outstanding at end of year 12,389 20,993

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions which are under normal market conditions. The below transactions do not fall under normal market conditions:

2024 2023
£ £

Amounts owed from
director


12,389


20,993
No interest has been charged.