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REGISTERED NUMBER: 01239172 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 October 2024

for

BILL BENNETT ENGINEERING LIMITED

BILL BENNETT ENGINEERING LIMITED (REGISTERED NUMBER: 01239172)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BILL BENNETT ENGINEERING LIMITED

Company Information
for the year ended 31 October 2024







DIRECTOR: S J Bennett





REGISTERED OFFICE: Horton Road
Horton
Chipping Sodbury
South Gloucestershire
BS37 6QH





REGISTERED NUMBER: 01239172 (England and Wales)





ACCOUNTANTS: Mitchell Glanville (Bristol) Limited
c/o MGB Accountants - Suite 22
Trym Lodge, 1 Henbury Road
Westbury-on-Trym
Bristol
BS9 3HQ

BILL BENNETT ENGINEERING LIMITED (REGISTERED NUMBER: 01239172)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 430,942 469,199
Investments 6 909 909
431,851 470,108

CURRENT ASSETS
Stocks 885,509 1,154,313
Debtors 7 723,469 605,567
Cash at bank and in hand 2,071,932 1,813,390
3,680,910 3,573,270
CREDITORS
Amounts falling due within one year 8 612,553 786,994
NET CURRENT ASSETS 3,068,357 2,786,276
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,500,208

3,256,384

CREDITORS
Amounts falling due after more than one year 9 - (2,629 )

PROVISIONS FOR LIABILITIES (86,231 ) (101,991 )
NET ASSETS 3,413,977 3,151,764

CAPITAL AND RESERVES
Called up share capital 10 825,000 825,000
Retained earnings 2,588,977 2,326,764
SHAREHOLDERS' FUNDS 3,413,977 3,151,764

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

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

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 16 July 2025 and were signed by:




S J Bennett - Director


BILL BENNETT ENGINEERING LIMITED (REGISTERED NUMBER: 01239172)

Notes to the Financial Statements
for the year ended 31 October 2024

1. STATUTORY INFORMATION

Bill Bennett Engineering 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 20% on cost and 10% on cost
Plant & equipment - 20% on cost and 10% on cost
Office equipment - 33% on cost
Motor vehicles - 25% on reducing balance
Hire equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 30 ) .

BILL BENNETT ENGINEERING LIMITED (REGISTERED NUMBER: 01239172)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2023
and 31 October 2024 102,906
AMORTISATION
At 1 November 2023
and 31 October 2024 102,906
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Leasehold Plant & Office
improvements equipment equipment
£    £    £   
COST
At 1 November 2023 82,357 600,276 98,983
Additions 24,781 35,485 3,518
Disposals - (1,618 ) -
At 31 October 2024 107,138 634,143 102,501
DEPRECIATION
At 1 November 2023 39,334 360,856 38,419
Charge for year 5,645 48,715 16,318
Eliminated on disposal - (547 ) -
At 31 October 2024 44,979 409,024 54,737
NET BOOK VALUE
At 31 October 2024 62,159 225,119 47,764
At 31 October 2023 43,023 239,420 60,564

Motor Hire
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023 282,397 64,343 1,128,356
Additions - - 63,784
Disposals - - (1,618 )
At 31 October 2024 282,397 64,343 1,190,522
DEPRECIATION
At 1 November 2023 173,525 47,023 659,157
Charge for year 27,294 2,998 100,970
Eliminated on disposal - - (547 )
At 31 October 2024 200,819 50,021 759,580
NET BOOK VALUE
At 31 October 2024 81,578 14,322 430,942
At 31 October 2023 108,872 17,320 469,199

BILL BENNETT ENGINEERING LIMITED (REGISTERED NUMBER: 01239172)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2023
and 31 October 2024 909
NET BOOK VALUE
At 31 October 2024 909
At 31 October 2023 909

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 655,600 527,642
Other debtors 67,869 77,925
723,469 605,567

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 331,006 552,248
Taxation and social security 46,339 26,036
Other creditors 235,208 208,710
612,553 786,994

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors - 2,629

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
825,000 Ordinary £1 825,000 825,000

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
S J Bennett
Balance outstanding at start of year - -
Amounts advanced 7,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,000 -

BILL BENNETT ENGINEERING LIMITED (REGISTERED NUMBER: 01239172)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

12. RELATED PARTY DISCLOSURES

During the year, the company paid rent of £60,000 (2023: £60,000) to a related pension scheme to lease the company premises. The directors are trustees and beneficiaries of the pension scheme.