Company No: 05191099 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Mr C S Walker
	Mr S Walker
	Mrs S M Walker

SECRETARY

Mr C S Walker

REGISTERED OFFICE	Unit 2 Rinus Business Park
	Grimshaw Street
	Darwen
	BB3 2QX
	United Kingdom

COMPANY NUMBER

05191099 (England and Wales)

CHARTERED ACCOUNTANTS	PM+M Solutions for Business LLP
	New Century House
	Greenbank Technology Park
	Challenge Way
	Blackburn
	BB1 5QB

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	5,721		7,741
		5,721		7,741
Current assets
Stocks		116,049		148,563
Debtors	5	1,190		1,721
Cash at bank and in hand		87,449		60,176
		204,688		210,460
Creditors: amounts falling due within one year	6	( 50,001)		( 54,223)
Net current assets		154,687		156,237
Total assets less current liabilities		160,408		163,978
Provision for liabilities		( 1,541)		( 1,935)
Net assets		158,867		162,043
Capital and reserves
Called-up share capital	7	96		16
Profit and loss account		158,771		162,027
Total shareholders' funds		158,867		162,043

For the financial year ending 31 August 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Bennett Cards Limited (registered number: 05191099) were approved and authorised for issue by the Board of Directors on 28 May 2026. They were signed on its behalf by:

Mr S Walker Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bennett Cards Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 2 Rinus Business Park, Grimshaw Street, Darwen, BB3 2QX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery etc.	20 % reducing balance
	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		5

4. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 September 2024	2,648		27,217		29,865
At 31 August 2025	2,648		27,217		29,865
Accumulated depreciation
At 01 September 2024	0		22,124		22,124
Charge for the financial year	0		2,020		2,020
At 31 August 2025	0		24,144		24,144
Net book value
At 31 August 2025	2,648		3,073		5,721
At 31 August 2024	2,648		5,093		7,741

5. Debtors

	2025		2024
	£		£
Other debtors	1,190		1,721

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	1,173		18,403
Taxation and social security	32,871		26,155
Other creditors	15,957		9,665
	50,001		54,223

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
39 Ordinary A shares of £ 1.00 each (2024: 5 shares of £ 1.00 each)	39		5
56 Ordinary B shares of £ 1.00 each (2024: 10 shares of £ 1.00 each)	56		10
1 Ordinary C share of £ 1.00	1		1
	96		16

During the financial year Ordinary A shares were bonus issued with an aggregate nominal value of £25 to existing shareholders in the proportion of 5 shares for every 1 shares held, Ordinary B shares were bonus issued with an aggregate nominal value of £50 to existing shareholders in the proportion of 5 shares for every 1 shares held, and Ordinary C shares were bonus issued with an aggregate nominal value of £5 to existing shareholders in the proportion of 5 shares for every 1 shares held.

Furthermore, the Company redesignated 2 Ordinary B shares with an aggregate nominal value of £2 as 2 Ordinary A shares with an aggregate nominal value of £2, 2 Ordinary B shares with an aggregate nominal value of £2 as 2 Ordinary A shares with an aggregate nominal value of £2, and 5 Ordinary C shares with an aggregate nominal value of £5 as 5 Ordinary A shares with an aggregate nominal value of £5. All Ordinary C shares redesignated as Ordinary A shares rank pari passu with the existing Ordinary A shares in issue. The redesignation did not affect the total issued share capital of the Company.