REGISTERED NUMBER: 04928563 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

D C BENNETT LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

6,283

4,458

6,283

4,458

CURRENT ASSETS

Debtors

6

10,828

10,107

Cash at bank

1,070

1,062

11,898

11,169

CREDITORS

Amounts falling due within one year

7

188,319

191,525

NET CURRENT LIABILITIES

(176,421

)

(180,356

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(170,138

)

(175,898

)

CREDITORS

Amounts falling due after more than one year

8

15,071

17,703

NET LIABILITIES

(185,209

)

(193,601

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

(185,309

)

(193,701

)

SHAREHOLDERS' FUNDS

(185,209

)

(193,601

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 10 July 2025 and were signed by:

Mr D C Bennett - Director

1.	STATUTORY INFORMATION

D C Bennett Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04928563

Registered office:

4 Harrold Close

Thorpe Marriott

Norwich

Norfolk

NR8 6UE

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.

At the 31 December 2024 the company had net current liabilities of £176,421 and net liabilities of £185,209. The company meets its day to day working capital requirements through the an overdraft facility, Bounce Back loan provided by the company's bankers and the ongoing support of its director. On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustment which would result from the withdrawal of these loans and overdraft facility.

Turnover

Turnover represents the fair value of services provided during the year. Turnover is recognised as contract activity progresses and the right to consideration is earned. Fair value reflects the amount expected to be recoverable from clients. Turnover excludes value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004 and 2006 has now been fully amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on cost

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

The average number of employees during the year was 5 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

14,000

AMORTISATION

At 1 January 2024

and 31 December 2024

14,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

10,224

Additions

4,525

At 31 December 2024

14,749

DEPRECIATION

At 1 January 2024

5,766

Charge for year

2,700

At 31 December 2024

8,466

NET BOOK VALUE

At 31 December 2024

6,283

At 31 December 2023

4,458

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

10,828

10,107

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

48,008

56,722

Trade creditors

29,609

27,447

Taxation and social security

11,863

12,078

Other creditors

98,839

95,278

188,319

191,525

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

15,071

17,703

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdrafts

37,842

46,828

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

95

Ordinary 'A'

£1

95

95

5

Ordinary 'B'

£1

5

5

100

100

11.	OTHER FINANCIAL COMMITMENTS

The total amount of commitments, guarantees and contingencies is £57,504 (2023 - £76,457).

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D C Bennett.