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Registered number: 04502326
Giles Wheeler-Bennett Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
Behegan Lynes
Accountancy & Taxation Advisers
Bank Chambers
Brook Street
Bishops Waltham
Hampshire
SO32 1AX
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—8
Page 1
Company Information
Directors Mr D R Plumpton
Mr P R Harris
Company Number 04502326
Registered Office West Court
Lower Basingwell Street,
Bishops Waltham Southampton
Hampshire
SO32 1AJ
Accountants Behegan Lynes
Accountancy & Taxation Advisers
Bank Chambers
Brook Street
Bishops Waltham
Hampshire
SO32 1AX
Page 1
Page 2
Balance Sheet
Registered number: 04502326
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,109 8,229
7,109 8,229
CURRENT ASSETS
Stocks 5 40,531 36,477
Debtors 6 100,353 109,398
Cash at bank and in hand 357 416
141,241 146,291
Creditors: Amounts Falling Due Within One Year 7 (66,349 ) (93,832 )
NET CURRENT ASSETS (LIABILITIES) 74,892 52,459
TOTAL ASSETS LESS CURRENT LIABILITIES 82,001 60,688
Creditors: Amounts Falling Due After More Than One Year 8 (833 ) (10,833 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,777 ) (1,564 )
NET ASSETS 79,391 48,291
CAPITAL AND RESERVES
Called up share capital 11 55 55
Profit and Loss Account 79,336 48,236
SHAREHOLDERS' FUNDS 79,391 48,291
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For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D R Plumpton
Director
Mr P R Harris
Director
22 May 2026
The notes on pages 4 to 8 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Giles Wheeler-Bennett Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04502326 . The registered office is West Court, Lower Basingwell Street,, Bishops Waltham Southampton, Hampshire, SO32 1AJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Office equipment 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 33% on reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Financial Instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.5.1 Debtors
Short term debtors are measured at transaction price, less any impairment.
2.5.2 Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
2.5.3 Creditors
Short term creditors are measured at the transaction price. 
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
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.
2.8. Employee benefits
Short term employee benefits, including holiday pay and other similar non monetary benefits, are recognised as an expense in the period in which they are incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 7)
6 7
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4. Tangible Assets
Office equipment Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2024 15,950 19,753 31,944 67,647
Additions - 258 608 866
As at 31 May 2025 15,950 20,011 32,552 68,513
Depreciation
As at 1 June 2024 14,033 16,280 29,105 59,418
Provided during the period 288 560 1,138 1,986
As at 31 May 2025 14,321 16,840 30,243 61,404
Net Book Value
As at 31 May 2025 1,629 3,171 2,309 7,109
As at 1 June 2024 1,917 3,473 2,839 8,229
5. Stocks
2025 2024
£ £
Work in progress 40,531 36,477
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 20,780 34,145
Other debtors 79,573 75,253
100,353 109,398
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 5,715 10,054
Bank loans and overdrafts 15,141 37,524
Other creditors 2,039 2,031
Taxation and social security 43,454 44,223
66,349 93,832
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 833 10,833
9. Secured Creditors
The Bank Loan is secured by the UK Government, under the bounce back loan scheme. The following secured debts are included within creditors
2025 2024
£ £
Bank loans and overdrafts 10,833 20,833
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 June 2024 1,564 1,564
Deferred taxation 214 214
Balance at 31 May 2025 1,778 1,778
11. Share Capital
2025 2024
Allotted, called up and fully paid £ £
300 Ordinary Shares of £ 0.10 each 30 30
200 Ordinary A shares of £ 0.10 each 20 20
50 Ordinary B shares of £ 0.10 each 5 5
55 55
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2024 Amounts advanced Amounts repaid Amounts written off As at 31 May 2025
£ £ £ £ £
Mr Dominic Plumpton 21,932 443 - - 22,375
Mr Paul Harris 24,625 2,493 - - 27,118
The above loan is unsecured, interest free and repayable on demand.
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13. Ultimate Controlling Party
The ultimate controlling party is Mr P R Harris and Mr D R K Plumpton.
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