LYONS BENNETT LTD


Directors	DUNCANSON, Neil
	LYONS-DUNCANSON, Catherine Louise


Company Secretary	LYONS-DUNCANSON, Catherine Louise


Registered Address	4-5 Ferry Wharf Basin Road North
	Portslade
	Brighton
	BN41 1BD


Registered Number	06906321 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		82,750		112,328
			82,750		112,328
Current assets
Debtors	4	683,846		678,462
Cash at bank and on hand		263,805		114,508
		947,651		792,970
Creditors amounts falling due within one year	5	(648,471)		(600,650)
Net current assets (liabilities)			299,180		192,320
Total assets less current liabilities			381,930		304,648
Provisions for liabilities	6		(20,684)		(13,360)
Net assets			361,246		291,288
Capital and reserves
Called up share capital			200		200
Profit and loss account			361,046		291,088
Shareholders' funds			361,246		291,288

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 10 December 2025, and are signed on its behalf by:

DUNCANSON, Neil
Director

LYONS-DUNCANSON, Catherine Louise
Director

Registered Company No. 06906321

LYONS BENNETT LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements are prepared under the historical cost convention and in compliance with FRS 102 Section 1A the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). There were no material departures from the reporting standard.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows Improvements to Property 10% on cost Fixtures and Fitting 25% on cost Computer Equipment 33%on cost

	Finance leases and hire purchase contracts
	Assets obtained under the hire purchase contracts and finance leases are capitalised as tangible fixed assets. Asset acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of change o the net obligation outstanding in each period. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

Finance leases and hire purchase contracts

Assets obtained under the hire purchase contracts and finance leases are capitalised as tangible fixed assets. Asset acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of change o the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	21		22

3.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	72,919	27,051	141,949	241,919
Additions	-	-	11,905	11,905
Disposals	-	(3,884)	(32,510)	(36,394)
At 31 March 25	72,919	23,167	121,344	217,430
Depreciation and impairment
At 01 April 24	14,971	12,785	101,835	129,591
Charge for year	7,292	5,244	22,393	34,929
On disposals	-	(2,572)	(27,268)	(29,840)
At 31 March 25	22,263	15,457	96,960	134,680
Net book value
At 31 March 25	50,656	7,710	24,384	82,750
At 31 March 24	57,948	14,266	40,114	112,328

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	306,791	310,119
Amounts owed by group undertakings	301,291	296,453
Other debtors	15,100	15,100
Prepayments and accrued income	60,664	56,790
Total	683,846	678,462

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	91,035	76,039
Taxation and social security	229,472	203,950
Other creditors	91,131	136,835
Accrued liabilities and deferred income	236,833	183,826
Total	648,471	600,650

6.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	20,684	13,360
Total	20,684	13,360

7.	Operating lease commitments
	At 31/03/2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £90,000 (2024 –£150,000)

8.	Directors advances, credits and guarantees
	During the year, Mrs C Lyons Duncanson & N Duncanson increased their loan to the company. As at 31 March 2025, the company owed them £91,133 (2024: £132,892). This loan has had interest charged on the average balance for the year at a commercial rate of 10%. Rent amounting to £6,282 (2024: £6,052) was paid to Mrs C Lyons Duncanson and N Duncanson as a result of utilising office space with their homes.

Directors advances, credits and guarantees

During the year, Mrs C Lyons Duncanson & N Duncanson increased their loan to the company. As at 31
March 2025, the company owed them £91,133 (2024: £132,892).

This loan has had interest charged on the average balance for the year at a commercial rate of 10%.
Rent amounting to £6,282 (2024: £6,052) was paid to Mrs C Lyons Duncanson and N Duncanson as a result of
utilising office space with their homes.