REGISTERED NUMBER: 01181752 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

BENHAM (GENERAL ENGINEERS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R A Scott

K E Horwood

N J Scott

T J Scott

C J Dryburgh

REGISTERED OFFICE:

3 Galliford Road Industrial Estate

Heybridge

Maldon

Essex

CM9 4XD

REGISTERED NUMBER:

01181752 (England and Wales)

ACCOUNTANT:

affinia

Sutherland House

1759 London Road

Leigh On Sea

Essex

SS9 2RZ

BANKERS:

Barclays Bank Plc

Chelmsford High Street

Corporate Management Suite

PO Box 3735, 2 High Street

Chelmsford

Essex

CM1 1DS

FIXED ASSETS

Tangible assets

4

944,427

1,049,875

CURRENT ASSETS

Stocks

5

528,753

453,932

Debtors

6

507,242

715,342

Cash at bank

347,472

90,497

1,383,467

1,259,771

CREDITORS

Amounts falling due within one year

7

581,889

584,744

NET CURRENT ASSETS

801,578

675,027

TOTAL ASSETS LESS CURRENT LIABILITIES

1,746,005

1,724,902

CREDITORS

Amounts falling due after more than one year

8

28,198

147,263

NET ASSETS

1,717,807

1,577,639

CAPITAL AND RESERVES

Called up share capital

10,200

10,200

Retained earnings

1,707,607

1,567,439

SHAREHOLDERS' FUNDS

1,717,807

1,577,639

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 23 December 2025 and were signed on its behalf by:

T J Scott - Director

1.	STATUTORY INFORMATION

Benham (General Engineers) 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance and 20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 25 (2024 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

496,923

841,934

434,933

143,772

1,917,562

Additions

-

40,317

20,685

-

61,002

Disposals

-

(38,890

)

(15,268

)

-

(54,158

)

At 31 March 2025

496,923

843,361

440,350

143,772

1,924,406

DEPRECIATION

At 1 April 2024

191,767

407,296

191,507

77,117

867,687

Charge for year

9,939

97,102

39,618

16,663

163,322

Eliminated on disposal

-

(37,044

)

(13,986

)

-

(51,030

)

At 31 March 2025

201,706

467,354

217,139

93,780

979,979

NET BOOK VALUE

At 31 March 2025

295,217

376,007

223,211

49,992

944,427

At 31 March 2024

305,156

434,638

243,426

66,655

1,049,875

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

362,280

128,544

490,824

DEPRECIATION

At 1 April 2024

114,014

5,123

119,137

Charge for year

49,653

18,514

68,167

At 31 March 2025

163,667

23,637

187,304

NET BOOK VALUE

At 31 March 2025

198,613

104,907

303,520

At 31 March 2024

248,266

123,421

371,687

5.

STOCKS

2025

2024

£

£

Stocks

528,753

453,932

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

471,428

697,983

Other debtors

35,814

17,359

507,242

715,342

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

70,027

98,225

Trade creditors

136,159

150,564

Taxation and social security

91,529

45,464

Other creditors

284,174

290,491

581,889

584,744

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

28,198

147,263

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Gross obligations repayable:

Within one year

79,419

111,548

Between one and five years

32,129

165,239

111,548

276,787

Finance charges repayable:

Within one year

9,392

13,323

Between one and five years

3,931

17,976

13,323

31,299

Net obligations repayable:

Within one year

70,027

98,225

Between one and five years

28,198

147,263

98,225

245,488

Non-cancellable

operating leases

2025

2024

£

£

Within one year

7,650

7,650

Between one and five years

5,738

13,388

13,388

21,038

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

A charge dated 15th June 2020 was created for the benefit of Barclays Security Trustee Limited in respect of the bank loan advanced. The charge contains both fixed and floating charges over all of the property or undertaking of the company. It also contains a negative pledge.

11.	RELATED PARTY DISCLOSURES

Loan interest of £5,344 has been paid on a balance owed to a company over which one Director has significant influence. A total of £48,942 (2024 - £88,598) was owed by Benham (General Engineers) Ltd at the year end, and is included in other creditors.

Also included within other creditors are loans from directors totalling £216,840 (2023 - £192,167). These loans are interest free and repayable on demand.