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REGISTERED NUMBER: 00889002 (England and Wales)






















Henderson Employee Benefits
Limited

Unaudited Financial Statements for the Year Ended 31st December 2023






Henderson Employee Benefits
Limited (Registered number: 00889002)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Henderson Employee Benefits
Limited

Company Information
for the year ended 31st December 2023







DIRECTORS: J E Henderson
S Farrow
S C McDermott





SECRETARY: Mrs R Henderson





REGISTERED OFFICE: Millshaw
Leeds
LS1 8EG





REGISTERED NUMBER: 00889002 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire HU2 8BA

Henderson Employee Benefits
Limited (Registered number: 00889002)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 6,784
Tangible assets 5 73,005 48,924
73,005 55,708

CURRENT ASSETS
Debtors 6 678,273 688,493
Cash at bank and in hand 200,629 83,347
878,902 771,840
CREDITORS
Amounts falling due within one year 7 110,543 107,137
NET CURRENT ASSETS 768,359 664,703
TOTAL ASSETS LESS CURRENT
LIABILITIES

841,364

720,411

CAPITAL AND RESERVES
Called up share capital 8 500,000 500,000
Capital redemption reserve 412 412
Retained earnings 340,952 219,999
SHAREHOLDERS' FUNDS 841,364 720,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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.

Henderson Employee Benefits
Limited (Registered number: 00889002)

Balance Sheet - continued
31st December 2023


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 12th September 2024 and were signed on its behalf by:





J E Henderson - Director


Henderson Employee Benefits
Limited (Registered number: 00889002)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Henderson Employee Benefits 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
The financial statements have been prepared in accordance with applicable accounting standards including Section 1A "Small Entities" of the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable. The policies adopted for the recognition of turnover are as follows:

Commissions
Commissions, including fees and related charges, are recognised when the outcome of a transaction can be estimated reliably and by reference to when entitlement occurs.

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from financial advice is recognised once such services have been rendered.

Goodwill
Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over ten years, which the directors consider to be its useful economic life. Provision is made for any impairment.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures and fittings- 20% on cost
Motor vehicles- 25% on cost
Leasehold property- 20% on cost

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.


Henderson Employee Benefits
Limited (Registered number: 00889002)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

2. ACCOUNTING POLICIES - continued
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.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Leases
Assets acquired under finance leases and hire purchase contracts are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals payable/receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and are receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 11 ) .

Henderson Employee Benefits
Limited (Registered number: 00889002)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 81,145
AMORTISATION
At 1st January 2023 74,361
Charge for year 6,784
At 31st December 2023 81,145
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 6,784

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 243,924
Additions 56,127
Disposals (28,590 )
At 31st December 2023 271,461
DEPRECIATION
At 1st January 2023 195,000
Charge for year 32,046
Eliminated on disposal (28,590 )
At 31st December 2023 198,456
NET BOOK VALUE
At 31st December 2023 73,005
At 31st December 2022 48,924

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 62,305 74,578
Amounts owed by group undertakings 552,750 552,750
Other debtors 10,982 201
Deferred tax asset 9,998 6,858
Prepayments 42,238 54,106
678,273 688,493

Henderson Employee Benefits
Limited (Registered number: 00889002)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 21,864 32,836
Tax 38,060 12,132
Social security and other taxes 32,902 31,551
Other creditors 17,717 30,618
110,543 107,137

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
500,000 Ordinary £1 500,000 500,000

9. PENSION COMMITMENTS

The company makes payments to a defined contribution pension scheme. The charge for the year amounted to £64,485 (2022 £85,108). There were contributions outstanding of £186 (2022 £nil) at the year end.

10. CONTROL RELATIONSHIPS

The company is controlled by J E Henderson by virtue of his majority holding in the issued share capital of the parent undertaking, J E Henderson Holdings Limited.