Registration number: 00492707

Bennetts & Company (Grimsby) Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 7

Bennetts & Company (Grimsby) Limited

(Registration number: 00492707)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	359,202	364,206
Current assets
Stocks	6	256,041	211,287
Debtors	7	483,829	406,428
Investments	8	629,675	628,134
Cash at bank and in hand		590,732	786,275
		1,960,277	2,032,124
Creditors: Amounts falling due within one year	11	(1,027,210)	(1,002,727)
Net current assets		933,067	1,029,397
Total assets less current liabilities		1,292,269	1,393,603
Creditors: Amounts falling due after more than one year	11	-	(5,264)
Provisions for liabilities		(15,634)	(15,062)
Net assets		1,276,635	1,373,277
Capital and reserves
Called up share capital		59,000	59,000
Share premium reserve		4,500	4,500
Retained earnings		1,213,135	1,309,777
Shareholders' funds		1,276,635	1,373,277

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 Directors acknowledge their 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 and 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 Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 June 2026 and signed on its behalf by:
 

......................................... T R Bennett Director

Bennetts & Company (Grimsby) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

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

The address of its registered office is:
Estate Road 6
South Humberside
Industrial Estate
Grimsby
North East Lincs
DN31 2TG

These financial statements were authorised for issue by the Board on 30 June 2026.

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The financial statements cover the individual entity only.

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 sale of goods and 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.

Government grants

Government grants which become receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs, are recognised as income in the period in which they become receivable

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.

Bennetts & Company (Grimsby) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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 represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position 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	15% straight line basis
Fixtures and fittings	15% & 33% straight line basis
Motor vehicles	25% straight line basis
Freehold buildings	2% straight line basis

Investments

Current asset investments are stated at fair value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Bennetts & Company (Grimsby) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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.

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 Directors) during the year, was 13 (2025 - 12).

4	Profit before tax

Arrived at after charging/(crediting)

	2026 £	2025 £
Depreciation expense	40,140	43,550

Bennetts & Company (Grimsby) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	478,907	255,316	365,528	132,135	1,231,886
Additions	-	4,670	-	30,466	35,136
At 31 March 2026	478,907	259,986	365,528	162,601	1,267,022
Depreciation
At 1 April 2025	174,947	247,979	343,317	101,437	867,680
Charge for the year	7,288	7,144	4,442	21,266	40,140
At 31 March 2026	182,235	255,123	347,759	122,703	907,820
Carrying amount
At 31 March 2026	296,672	4,863	17,769	39,898	359,202
At 31 March 2025	303,960	7,337	22,211	30,698	364,206

Included within the net book value of land and buildings above is £296,672 (2025 - £303,960) in respect of freehold land and buildings.
 

6

Stocks

	2026 £	2025 £
Finished goods and goods for resale	256,041	211,287

7

Debtors

Current	2026 £	2025 £
Trade debtors	303,713	220,257
Prepayments	4,012	4,765
Other debtors	176,104	181,406
	483,829	406,428

8	Current asset investments

	2026 £	2025 £
Other investments	629,675	628,134

Bennetts & Company (Grimsby) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

9	Related party transactions

Directors and key management compensation

	2026 £	2025 £
Salaries and other short term employee benefits	31,520	56,766
Pension contributions	33,283	61,548
	64,803	118,314