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REGISTERED NUMBER: 00889002 (England and Wales)






















Henderson Employee Benefits
Limited

Unaudited Financial Statements for the Year Ended 31st December 2024






Henderson Employee Benefits
Limited (Registered number: 00889002)






Contents of the Financial Statements
for the year ended 31st December 2024




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 2024







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 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 41,219 73,005
41,219 73,005

CURRENT ASSETS
Debtors 6 717,278 678,273
Cash at bank and in hand 370,541 200,629
1,087,819 878,902
CREDITORS
Amounts falling due within one year 7 115,462 110,543
NET CURRENT ASSETS 972,357 768,359
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,013,576

841,364

CAPITAL AND RESERVES
Called up share capital 8 500,000 500,000
Capital redemption reserve 412 412
Retained earnings 513,164 340,952
SHAREHOLDERS' FUNDS 1,013,576 841,364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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 2024


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 5th June 2025 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 2024

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 2024

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 13 (2023 - 12 ) .

Henderson Employee Benefits
Limited (Registered number: 00889002)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2024
and 31st December 2024 81,145
AMORTISATION
At 1st January 2024
and 31st December 2024 81,145
NET BOOK VALUE
At 31st December 2024 -
At 31st December 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2024 271,461
Additions 43,069
Disposals (88,749 )
At 31st December 2024 225,781
DEPRECIATION
At 1st January 2024 198,456
Charge for year 22,554
Eliminated on disposal (36,448 )
At 31st December 2024 184,562
NET BOOK VALUE
At 31st December 2024 41,219
At 31st December 2023 73,005

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 108,292 62,305
Amounts owed by group undertakings 552,750 552,750
Other debtors 201 10,982
Deferred tax asset 10,854 9,998
Prepayments 45,181 42,238
717,278 678,273

Henderson Employee Benefits
Limited (Registered number: 00889002)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 28,105 21,864
Tax 58,030 38,060
Social security and other taxes 25,031 32,902
Other creditors 4,296 17,717
115,462 110,543

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
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 £70,086 (2023 £64,485).

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.