REGISTERED NUMBER: 09054553 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

G P Benson Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G P Benson

Miss E M Bainbridge

REGISTERED OFFICE:

Wiza House

Station Road

Wigton

Cumbria

CA7 9BA

REGISTERED NUMBER:

09054553 (England and Wales)

ACCOUNTANTS:

Benson Accountants

Wiza House

Station Road

Wigton

Cumbria

CA7 9BA

FIXED ASSETS

Intangible assets

4

7,627

19,067

Tangible assets

5

95,888

14,494

103,515

33,561

CURRENT ASSETS

Stocks

121,128

115,839

Debtors

6

486,397

446,079

Cash at bank

116,088

263,005

723,613

824,923

CREDITORS

Amounts falling due within one year

7

296,545

339,673

NET CURRENT ASSETS

427,068

485,250

TOTAL ASSETS LESS CURRENT LIABILITIES

530,583

518,811

CREDITORS

Amounts falling due after more than one year

8

(5,528

)

(15,898

)

PROVISIONS FOR LIABILITIES

10

(23,603

)

(4,611

)

NET ASSETS

501,452

498,302

CAPITAL AND RESERVES

Called up share capital

11

101

101

Capital redemption reserve

101

101

Retained earnings

501,250

498,100

501,452

498,302

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by:

Mr G P Benson - Director

Miss E M Bainbridge - Director

1.	STATUTORY INFORMATION

G P Benson 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

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of four years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

20% on cost

Plant and machinery etc

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2024 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

45,760

AMORTISATION

At 1 April 2024

26,693

Charge for year

11,440

At 31 March 2025

38,133

NET BOOK VALUE

At 31 March 2025

7,627

At 31 March 2024

19,067

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

-

57,023

57,023

Additions

40,866

69,777

110,643

At 31 March 2025

40,866

126,800

167,666

DEPRECIATION

At 1 April 2024

-

42,529

42,529

Charge for year

8,173

21,076

29,249

At 31 March 2025

8,173

63,605

71,778

NET BOOK VALUE

At 31 March 2025

32,693

63,195

95,888

At 31 March 2024

-

14,494

14,494

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

439,524

421,389

Other debtors

46,873

24,690

486,397

446,079

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

10,123

9,876

Trade creditors

16,348

19,246

Taxation and social security

258,581

294,913

Other creditors

11,493

15,638

296,545

339,673

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

5,528

15,898

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/3/25

31/3/24

£

£

Within one year

88,600

-

Between one and five years

277,450

-

366,050

-

10.	PROVISIONS FOR LIABILITIES

31/3/25

31/3/24

£

£

Deferred tax

Accelerated capital allowances

23,603

4,611

Deferred

tax

£

Balance at 1 April 2024

4,611

Provided during year

18,992

Balance at 31 March 2025

23,603

11.	CALLED UP SHARE CAPITAL

Issues, allotted and fully paid

Class

Nominal value

At 31.3.2024(£)

At 31.3.2023(£)

"A" Ordinary

£0.1

100

100

"B" Ordinary

£1

1

1

101

101