REGISTERED NUMBER: 00140423 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

JAMES BENNETT,LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Bennett

C B Bennett

K Bennett

A Creed

S E Bennett

SECRETARY:

C B Bennett

REGISTERED OFFICE:

Industrial Unit 5A

Hawley Road

Hinckley

Leicestershire

LE10 0PR

REGISTERED NUMBER:

00140423 (England and Wales)

ACCOUNTANTS:

Magma Audit LLP (part of the Dains Group)

First Floor, Lakeside House

4 Smith Way

Grove Park

Leicester

Leicestershire

LE19 1SX

FIXED ASSETS

Tangible assets

4

339,745

367,353

Investments

5

7,000

7,000

Investment property

6

475,000

475,000

821,745

849,353

CURRENT ASSETS

Stocks

263,680

227,250

Debtors

7

1,167,527

1,338,988

Cash at bank and in hand

206,131

50,052

1,637,338

1,616,290

CREDITORS

Amounts falling due within one year

8

(274,308

)

(295,510

)

NET CURRENT ASSETS

1,363,030

1,320,780

TOTAL ASSETS LESS CURRENT LIABILITIES

2,184,775

2,170,133

PROVISIONS FOR LIABILITIES

(146,612

)

(154,566

)

NET ASSETS

2,038,163

2,015,567

CAPITAL AND RESERVES

Called up share capital

72,000

72,000

Other reserves

440,909

440,909

Retained earnings

1,525,254

1,502,658

SHAREHOLDERS' FUNDS

2,038,163

2,015,567

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2026 and were signed on its behalf by:

C B Bennett - Director

1.	STATUTORY INFORMATION

James Bennett,Limited is a limited company, limited by shares, registered in England and Wales. Its registered office address is Industrial Unit 5A, Hawley Road, Hinckley, Leicestershire, LE10 0PR and the registered number is 00140423.

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 as modified by the revaluation of certain assets.

The presentational currency of the financial statements is Pound Sterling (£) and the figures are rounded to the nearest £1.

Turnover

Turnover is derived from the production of textile products and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of goods

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Tangible fixed assets 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.

Expenditure on construction of tangible fixed assets is included in assets under construction within the Balance Sheet at cost, until the asset is brought into use at which point it is transferred to the appropriate fixed asset category and depreciated over its expected useful life.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Leasehold property - 2% straight line

Plant and machinery - 10% straight line

Motor vehicles - 20% straight line

Computer equipment - 25% straight line

Investments in subsidiaries

Investment in the subsidiary company is held at cost less accumulated impairment losses.

Investment property

Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised within other reserves on the balance sheet.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

Financial instruments

i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Operating leases

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments 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.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2024 - 31 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

and 31 December 2025

350,680

107,264

144,906

833

603,683

DEPRECIATION

At 1 January 2025

70,137

73,208

92,985

-

236,330

Charge for year

7,014

6,936

13,450

208

27,608

At 31 December 2025

77,151

80,144

106,435

208

263,938

NET BOOK VALUE

At 31 December 2025

273,529

27,120

38,471

625

339,745

At 31 December 2024

280,543

34,056

51,921

833

367,353

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2025

and 31 December 2025

7,000

NET BOOK VALUE

At 31 December 2025

7,000

At 31 December 2024

7,000

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

475,000

NET BOOK VALUE

At 31 December 2025

475,000

At 31 December 2024

475,000

The investment property has been valued by the directors at an open market value.

Fair value at 31 December 2025 is represented by:

£

Valuation in 2022

175,000

Cost

300,000

475,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,925

1,326

Amounts owed by associates

1,135,198

1,313,591

Other debtors

1,607

2,190

Directors' current accounts

7,452

6,269

Prepayments

16,345

15,612

1,167,527

1,338,988

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

-

6,900

Trade creditors

33,162

74,281

Amounts owed to group undertakings

92,227

92,227

Tax

69,338

44,838

Social security and other taxes

22,374

9,011

VAT

33,332

45,220

Other creditors

4,793

4,725

Accrued expenses

19,082

18,308

274,308

295,510

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

-

6,900

Non-cancellable

operating leases

2025

2024

£

£

Within one year

5,475

6,087

Between one and five years

4,617

2,029

10,092

8,116

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

£

S E Bennett

Balance outstanding at start of year

971

918

Amounts advanced

1,157

971

Amounts repaid

(971

)

(918

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,157

971

C B Bennett

Balance outstanding at start of year

1,414

918

Amounts advanced

1,157

1,414

Amounts repaid

(908

)

(918

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,663

1,414

A Bennett

Balance outstanding at start of year

972

917

Amounts advanced

1,157

972

Amounts repaid

(971

)

(917

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,158

972

A Creed

Balance outstanding at start of year

1,456

1,377

Amounts advanced

1,736

1,456

Amounts repaid

(1,456

)

(1,377

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,736

1,456

K Bennett

Balance outstanding at start of year

1,456

1,377

Amounts advanced

1,736

1,456

Amounts repaid

(1,456

)

(1,377

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,736

1,456

11.	RELATED PARTY DISCLOSURES

At the year end, £210,953 (2024: £210,773) was due from a company under common directorship.

During the year, £40,000 (2024: £40,000) was received for management services provided to a company under common directorship.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is James Bennett (Holdings) Ltd.

James Bennett (Holdings) Ltd, company number 02965821, owns 100% of the issued share capital of James Bennett,Limited.