Accounts filed on 31-03-2023

Accounts filed on 31-03-2023

BENT'S LIMITED - Company Information

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Registered number: 09003872
Bent's Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
Prepared By:
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY
Bent's Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
DIRECTORS
Adrian Davies
Zoe Wallis
REGISTERED OFFICE
3 Castle Street
Eccleshall
Sfafford
ST21 6DF
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09003872
ACCOUNTANTS
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY
Bent's Limited
ACCOUNTS
FOR THEYEARENDED31/03/2023
CONTENTS
Page
Balance Sheet3
Notes To The Accounts5
Bent's Limited
BALANCE SHEET AT 31/03/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3220,580330,498
CURRENT ASSETS
Stock9,5146,616
Debtors54,42823,873
Cash at bank and in hand68,96752,829
82,90983,318
CREDITORS: Amounts falling due within one year675,29877,182
NET CURRENT ASSETS7,6116,136
TOTAL ASSETS LESS CURRENT LIABILITIES228,191336,634
CREDITORS: Amounts falling due after more than one year769,565118,355
PROVISIONS FOR LIABILITIES AND CHARGES917,03738,158
NET ASSETS141,589180,121
CAPITAL AND RESERVES
Called up share capital10100100
Profit and loss account141,489180,021
SHAREHOLDERS' FUNDS141,589180,121
Bent's Limited
BALANCE SHEET AT 31/03/2023
For the year ending 31/03/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 04/08/2023 and signed on their behalf by
Adrian Davies
Director
Zoe Wallis
Director
Bent's Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Long Leasehold Propertiesstraight line 1.1%
Short Leasehold Propertiesstraight line 10%
Plant and Machinerystraight line 10%
Fixtures and Fittingsreducing balance 25%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Government Grants
Government grants are recognised in profit and loss in the year in which they are received.
1f. Turnover
Turnover represents the value of goods and services supplied by the company, net of value added tax and trade discounts.
Bent's Limited
2. EMPLOYEES
20232022
No.No.
Average number of employees1417
3. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachinery Etc.Total
£££
Cost
At 01/04/2022347,760136,613484,373
Additions21069,35269,562
Disposals(99,568)(67,403)(166,971)
At 31/03/2023248,402138,562386,964
Depreciation
At 01/04/202266,98386,892153,875
Disposals(9,957)(3,440)(13,397)
For the year13,49212,41425,906
At 31/03/202370,51895,866166,384
Net Book Amounts
At 31/03/2023177,88442,696220,580
At 31/03/2022280,77749,721330,498
4. STOCK 20232022
££
Stock comprises:
Stock9,5146,616
9,5146,616
5. DEBTORS 20232022
££
Amounts falling due within one year:
Trade debtors-6,032
Other debtors4,42817,841
4,42823,873
Bent's Limited
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax17,98212,349
VAT29,57914,322
PAYE control2,0901,049
Directors current account-12,858
Bank Loan13,17717,725
Trade creditors8,50312,605
Other creditors200200
Pension schemes396202
Accruals3,3715,872
75,29877,182
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans and overdrafts69,565118,355
69,565118,355
8. SECURED CREDITORS
20232022
££
Amount of bank loans and overdrafts which are secured50,38094,012
9. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation17,03738,158
17,03738,158
Bent's Limited
10. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
11. OTHER FINANCIAL COMMITMENTS
At 31/03/2023 the company was committed to making the following payments under non-cancellable operating leases:
20232022
££
Operating Leases which expire:
Within two to five years140,000170,000