REGISTERED NUMBER: 04623732 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

BENNETT & BAXTER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Ms L Parsons

P Bennett

Mrs Z Lineker-Bennett

SECRETARY:

Mrs Z Lineker Bennett

REGISTERED OFFICE:

Unit 1 Sun Valley Buisness Park

Winnall Close

Winchester

Hampshire

SO23 0LB

REGISTERED NUMBER:

04623732 (England and Wales)

ACCOUNTANTS:

Rothmans LLP

Avebury House

St Peter Street

Winchester

Hampshire

SO23 8BN

FIXED ASSETS

Tangible assets

4

6,965

4,643

CURRENT ASSETS

Stocks

665,287

690,545

Debtors

5

998,892

912,808

Cash at bank

79,369

25,540

1,743,548

1,628,893

CREDITORS

Amounts falling due within one year

6

946,469

748,581

NET CURRENT ASSETS

797,079

880,312

TOTAL ASSETS LESS CURRENT LIABILITIES

804,044

884,955

PROVISIONS FOR LIABILITIES

1,741

622

NET ASSETS

802,303

884,333

CAPITAL AND RESERVES

Called up share capital

150

150

Retained earnings

802,153

884,183

802,303

884,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2025 and were signed on its behalf by:

P M Bennett - Director

1.	STATUTORY INFORMATION

Bennett & Baxter 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.

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Improvements to Property - 20% straight line

Computer Equipment - 33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

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 Income Statement, 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 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 29 February 2024

26,243

Additions

4,498

At 28 February 2025

30,741

DEPRECIATION

At 29 February 2024

21,600

Charge for year

2,176

At 28 February 2025

23,776

NET BOOK VALUE

At 28 February 2025

6,965

At 28 February 2024

4,643

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

359,978

371,288

Amounts owed by associates

564,779

437,646

Other debtors

74,135

103,874

998,892

912,808

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

536,837

321,838

Amounts owed to associates

-

12,537

Taxation and social security

155,649

196,710

Other creditors

253,983

217,496

946,469

748,581

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

29,500

29,500

Between one and five years

17,208

46,708

46,708

76,208

8.	OTHER FINANCIAL COMMITMENTS

As of 28 February 2025, Bennett and Baxter Limited had a liability in respect of pension contributions of £948 (2024: £nil).

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 28 February 2024:

2025

2024

£

£

P M Bennett and Mrs Z Lineker Bennett

Balance outstanding at start of year

(46,314

)

(36,618

)

Amounts advanced

1,305

29,800

Amounts repaid

(20,957

)

(39,496

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(65,966

)

(46,314

)

This loan has been provided interest free and is repayable on demand.

10.	RELATED PARTY DISCLOSURES

At the balance sheet date, Bennett and Baxter Limited was owed £541,544 (2024: £437,021) by Chapman and Moore Limited. A company in which Paul Bennett and Zoe Lineker Bennett are directors.

At the balance sheet date, Bennett and Baxter Limited owed £1,693 (2024: £12,537) to Lineker Bennett Limited. A company in which Paul Bennett and Zoe Lineker Bennett are directors and a company which holds shares in Bennett and Baxter Limited.

At the balance sheet date, Bennett and Baxter Limited was owed £21,541 (2024: £625) by Bennett Global Sourcing. A company in which is under common control of the directors.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bennett & Baxter Limited for the year ended 28 February 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bennett & Baxter Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bennett & Baxter Limited and state those matters that we have agreed to state to the Board of Directors of Bennett & Baxter Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bennett & Baxter Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bennett & Baxter Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bennett & Baxter Limited. You consider that Bennett & Baxter Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bennett & Baxter Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothmans LLP

Avebury House

St Peter Street

Winchester

Hampshire

SO23 8BN

4 October 2025