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Registration number: 09469034

A.M. Bennett Plastering Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

A.M. Bennett Plastering Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

A.M. Bennett Plastering Limited

Company Information

Director

Mr Aaron Bennett

Company secretary

Mrs Samantha Bennett

Registered office

Wesley Mead
Lime Kiln Lane
Holbury
Southampton
SO45 2HH

Accountants

Crunchwise Accountants Ltd
Director Generals House
15 Rockstone Place
Southampton
SO15 2EP

 

A.M. Bennett Plastering Limited

(Registration number: 09469034)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

4,901

5,480

Current assets

 

Debtors

5

39,306

10,632

Cash at bank and in hand

 

3,532

14,097

 

42,838

24,729

Creditors: Amounts falling due within one year

6

(46,125)

(36,928)

Net current liabilities

 

(3,287)

(12,199)

Total assets less current liabilities

 

1,614

(6,719)

Creditors: Amounts falling due after more than one year

6

(123)

(307)

Provisions for liabilities

(931)

(1,041)

Net assets/(liabilities)

 

560

(8,067)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

460

(8,167)

Shareholders' funds/(deficit)

 

560

(8,067)

 

A.M. Bennett Plastering Limited

(Registration number: 09469034)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 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 Profit and Loss Account.

Approved and authorised by the director on 5 August 2025
 

.........................................
Mr Aaron Bennett
Director

 

A.M. Bennett Plastering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

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

The address of its registered office is:
Wesley Mead
Lime Kiln Lane
Holbury
Southampton
SO45 2HH

These financial statements were authorised for issue by the director on 5 August 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

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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.

 

A.M. Bennett Plastering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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 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

Plant and machinery

25% reducing balance

Motor vehicle

25% reducing balance

Office equipment

25% reducing balance

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.

 

A.M. Bennett Plastering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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.

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 profit and loss account 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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 balance sheet as a finance lease obligation.

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

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

A.M. Bennett Plastering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

9,450

3,361

14,941

27,752

Additions

528

417

-

945

At 31 March 2025

9,978

3,778

14,941

28,697

Depreciation

At 1 April 2024

7,207

2,119

12,946

22,272

Charge for the year

627

398

499

1,524

At 31 March 2025

7,834

2,517

13,445

23,796

Carrying amount

At 31 March 2025

2,144

1,261

1,496

4,901

At 31 March 2024

2,243

1,242

1,995

5,480

5

Debtors

Current

2025
£

2024
£

Trade debtors

12,390

4,210

Prepayments

3,503

4,004

Other debtors

23,413

2,418

 

39,306

10,632

 

A.M. Bennett Plastering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

8

184

184

Trade creditors

 

7,241

1,908

Taxation and social security

 

24,768

28,783

Accruals and deferred income

 

1,500

6,053

Other creditors

 

12,432

-

 

46,125

36,928


Creditors include net obligations under finance lease and hire purchase contracts which are secured of £184 (2024 - £184).

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

8

123

307


Creditors include net obligations under finance lease and hire purchase contracts which are secured of £123 (2024 - £307).

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       
 

A.M. Bennett Plastering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Hire purchase contracts

123

307

Current loans and borrowings

2025
£

2024
£

Hire purchase contracts

184

184

9

Dividends

2025

2024

£

£

Interim dividend of £420.00 (2024 - £460.48) per ordinary share

42,000

46,048

 

 

10

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £1,465 (2024 - £3,831). These commitments relate to the remaining period of a vehicle contract hire agreement and therefore are secured against the vehicle in which they relate to.

 

A.M. Bennett Plastering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

11

Related party transactions

The loans to the participators are interest free and repayable on demand.

Transactions with the director

2025

At 1 April 2024
£

Advances to director
£

Repayments by director
£

At 31 March 2025
£

Mr Aaron Bennett

Loan account

1,209

4,511

(5,720)

-

Mrs Samantha Bennett

Loan account

1,209

4,511

(5,720)

-

Director's remuneration

The director's remuneration for the year was as follows:

2025
£

2024
£

Remuneration

14,400

12,480

Contributions paid to money purchase schemes

696

-

15,096

12,480

Dividends paid to the director

2025
£

2024
£

Mrs Samantha Bennett

21,000

23,024

 

 

Mr Aaron Bennett

21,000

23,024