GEORGE BENSON LIMITED - Filleted accounts

Registered number

02939350

GEORGE BENSON LIMITED

Filleted Accounts

31 March 2025

GEORGE BENSON LIMITED
Registered number:		02939350
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		149,755			140,871

Current assets
Debtors	5	484,746			227,791
Cash at bank and in hand		114,298			239,992
		599,044			467,783

Creditors: amounts falling due within one year	6	(250,486)			(140,035)

Net current assets			348,558			327,748

Total assets less current liabilities			498,313			468,619

Creditors: amounts falling due after more than one year	7		(10,205)			(37,365)

Provisions for liabilities			(746)			(2,939)


Net assets			487,362			428,315

Capital and reserves
Called up share capital			103			103
Profit and loss account			487,259			428,212

Shareholders' funds			487,362			428,315

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




W Lapslie
Director
Approved by the board on 31 December 2025

GEORGE BENSON LIMITED
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			20% reducing balance
	Motor vehicles			25% reducing balance
	Freehold land & buildings			2% straight line


	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	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.




	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					35		45





3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2024							215,000
	At 31 March 2025							215,000

	Amortisation
	At 1 April 2024							215,000
	At 31 March 2025							215,000

	Net book value
	At 31 March 2025							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	154,382		75,655		76,184		306,221
	Additions	-		5,941		18,685		24,626
	Disposals	-		-		(12,120)		(12,120)
	At 31 March 2025	154,382		81,596		82,749		318,727

	Depreciation
	At 1 April 2024	36,745		65,999		62,606		165,350
	Charge for the year	2,400		3,119		7,346		12,865
	On disposals	-		-		(9,243)		(9,243)
	At 31 March 2025	39,145		69,118		60,709		168,972

	Net book value
	At 31 March 2025	115,237		12,478		22,040		149,755
	At 31 March 2024	117,637		9,656		13,578		140,871


5	Debtors					2025		2024
£							£

	Trade debtors					301,399		144,444
	Other debtors					183,347		83,347
						484,746		227,791






6	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					22,474		18,402
	Trade creditors					10,929		13,046
	Taxation and social security costs					146,055		100,284
	Other creditors					71,028		8,303
						250,486		140,035


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					10,205		37,365


8	Loans					2025		2024
£							£
	Creditors include:

	Secured bank loans					17,838		30,850

	On 21st May 2015 the company granted a charge in favour of Barclays Bank Plc, charging all of its assets and undertakings by way of fixed and floating charge.

	On 5th May 2011the company granted a charge in favour of Barclays Bank Plc, over the Company's Freehold property.


9	Controlling party

	The ultimate controlling party is Mr W Lapslie by virtue of his shareholding.


10	Other information

	GEORGE BENSON LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Concept House
	23 Billet Lane
	Hornchurch
	Essex
	RM11 1XP