REGISTERED NUMBER: 09902584 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Bennett Kirkhope Smith Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A M Smith

SECRETARY:

S D Brown

REGISTERED OFFICE:

Suites 5 & 6 The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

REGISTERED NUMBER:

09902584 (England and Wales)

ACCOUNTANTS:

Bennett Kirkhope Smith

Chartered Certified Accountants

Suites 5 & 6 The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

FIXED ASSETS

Intangible assets

4

710,530

769,740

Tangible assets

5

19,409

13,031

729,939

782,771

CURRENT ASSETS

Stocks

6

376,092

385,091

Debtors

7

411,780

409,187

Cash at bank and in hand

120,091

116,228

907,963

910,506

CREDITORS

Amounts falling due within one year

8

425,224

452,660

NET CURRENT ASSETS

482,739

457,846

TOTAL ASSETS LESS CURRENT LIABILITIES

1,212,678

1,240,617

CREDITORS

Amounts falling due after more than one year

9

(143,384

)

(172,486

)

PROVISIONS FOR LIABILITIES

10

(4,852

)

(3,258

)

NET ASSETS

1,064,442

1,064,873

CAPITAL AND RESERVES

Called up share capital

11

300

300

Share premium

1,059,352

1,059,352

Retained earnings

4,790

5,221

SHAREHOLDERS' FUNDS

1,064,442

1,064,873

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 director acknowledges her 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 director and authorised for issue on 31 December 2025 and were signed by:

A M Smith - Director

1.	STATUTORY INFORMATION

Bennett Kirkhope Smith Ltd 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 2017, is being amortised evenly over its estimated useful life of twenty 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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Work in progress is valued at the lower of selling price or net realisable value.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 31 (2024 - 30 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

1,250,000

AMORTISATION

At 1 April 2024

480,260

Charge for year

59,210

At 31 March 2025

539,470

NET BOOK VALUE

At 31 March 2025

710,530

At 31 March 2024

769,740

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

4,900

52,965

57,865

Additions

-

15,281

15,281

At 31 March 2025

4,900

68,246

73,146

DEPRECIATION

At 1 April 2024

1,971

42,863

44,834

Charge for year

440

8,463

8,903

At 31 March 2025

2,411

51,326

53,737

NET BOOK VALUE

At 31 March 2025

2,489

16,920

19,409

At 31 March 2024

2,929

10,102

13,031

6.

STOCKS

31.3.25

31.3.24

£

£

Work-in-progress

376,092

385,091

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

344,307

374,109

Bad debt provision

(19,589

)

(17,963

)

Amounts owed by group undertakings

38,800

-

Other debtors

6,230

6,620

Prepayments

42,032

46,421

411,780

409,187

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

5,102

5,102

Other loans

24,000

24,000

Trade creditors

47,643

62,004

Corporation tax

42,344

59,772

Social security and other taxes

24,408

23,280

VAT

107,320

96,218

Other creditors

22,905

21,458

Directors' current accounts

146,308

148,494

Accrued expenses

5,194

12,332

425,224

452,660

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

5,102

5,102

Bank loans - 2-5 years

15,306

15,306

Bank loans more than 5 years

2,976

8,078

Other loans - 1-2 years

24,000

24,000

Other loans - 2-5 years

72,000

72,000

Other loans more than 5 years

24,000

48,000

143,384

172,486

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

2,976

8,078

Other loans more than 5 years

24,000

48,000

26,976

56,078

10.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

4,852

3,258

Deferred

tax

£

Balance at 1 April 2024

3,258

Provided during year

1,594

Balance at 31 March 2025

4,852

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

A Ordinary

£1

100

100

100

B Ordinary

£1

100

100

100

C Ordinary

£1

100

100

300

300

12.

PARENT

The company is a wholly owned subsidiary of BKS SSB Ltd, whose registered office is Suites 5 & 6 The Printworks, Hey Road, Barrow, Clitheroe, Lancashire, BB7 9WB.