John Benson Limited

(Registration number: 05241245)
Balance Sheet as at 30 April 2025 (continued)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 January 2026 and signed on its behalf by:
 

J N N Benson
Director

John Benson Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: 3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB.

These financial statements were authorised for issue by the Board on 15 January 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Revenue recognition

Turnover represents the value, excluding value added tax, of driving school services supplied to customers, property rental income and vehicle sales during the period.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	2% straight line basis
Fixtures and fittings	25% reducing balance basis
Motor vehicles	25% reducing balance basis
Plant and machinery	25% reducing balance basis

John Benson Limited

Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate. Determined annually by the directors of the company. Changes in fair value are recognised in profit or loss.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life of 10 years.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	Amortised evenly over 10 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Stocks

Stocks are stated at the lower of cost and estimated selling price after making due allowance for obsolete and slow moving items.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are paid.

John Benson Limited

Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 May 2024	200,000	200,000
At 30 April 2025	200,000	200,000
Amortisation
At 1 May 2024	200,000	200,000
At 30 April 2025	200,000	200,000
Carrying amount
At 30 April 2025	-	-

John Benson Limited

Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)

5	Tangible assets

	Land and buildings £	Fixtures and fittings £	Motor vehicles  £	Plant and machinery  £	Total £
Cost or valuation
At 1 May 2024	142,600	20,710	4,400	51,195	218,905
Additions	-	-	140,631	-	140,631
Disposals	-	-	(4,400)	-	(4,400)
At 30 April 2025	142,600	20,710	140,631	51,195	355,136
Depreciation
At 1 May 2024	5,668	19,642	3,825	40,966	70,101
Charge for the year	2,852	267	25,026	2,557	30,702
Eliminated on disposal	-	-	(3,969)	-	(3,969)
At 30 April 2025	8,520	19,909	24,882	43,523	96,834
Carrying amount
At 30 April 2025	134,080	801	115,749	7,672	258,302
At 30 April 2024	136,932	1,068	575	10,229	148,804

Included within the net book value of land and buildings above is £134,080 (2024 - £136,931) in respect of freehold land and buildings.
 

6	Investment properties

	2025 £
At 1 May	2,245,000
Fair value adjustments	455,000
At 30 April	2,700,000

There has been no valuation of investment property carried out by an independent valuer.

It is considered by the directors that the value of £2,700,000 is not materially different from the market value.

7

Stocks

	2025 £	2024 £
Other inventories	-	85,489

John Benson Limited

Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)

8

Debtors

	Note	2025 £	2024 £
Trade debtors		1,977	728
Directors loan	12	15,273	34,963
Other debtors		1,169,170	817,941
Prepayments and accrued income		683	745
		1,187,103	854,377
Less non-current portion		(118,100)	(125,020)
		1,069,003	729,357

Details of non-current trade and other debtors

£125,840 (2024 - £125,020) of Other debtors is classified as non current.

9

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	11	18,871	17,440
Trade creditors		1,830	-
Other creditors		16,740	16,670
Taxation and social security		28,543	24,151
Corporation tax		-	129,679
Accruals and deferred income		381,526	120,259
		447,510	308,199