S Bennett Ltd 31/03/2026 iXBRL

Company registration number: 05418089

S Bennett Ltd

Trading as Recognition Express (Croydon)

Unaudited financial statements

31 March 2026

S Bennett Ltd

Contents

Directors and other information

Director's report

Statement of comprehensive income

Statement of financial position

Statement of changes in equity

Notes to the financial statements

S Bennett Ltd

Directors and other information


	Director	Mr Stephen John Bennett


	Company number	05418089


	Registered office	SBC House
		Wallington
		South London
		SM6 7AH


	Business address	SBC House
		Restmor Way
		Wallington
		South London


	Accountants	PAS1993 Ltd
		42 Carter Avenue
		Brougthon
		Kettering
		Northants
		NN14 1LZ

S Bennett Ltd

Director's report

Year ended 31 March 2026

The director presents his report and the unaudited financial statements of the company for the year ended 31 March 2026.

Director

The director who served the company during the year was as follows:

Mr Stephen John Bennett

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 14 August 2026 and signed on behalf of the board by:

Mr Stephen John Bennett

Director

S Bennett Ltd

Statement of comprehensive income

Year ended 31 March 2026

		2026	2025
	Note	£	£


Turnover		304,065	289,531
Change in stocks of finished goods and in work in progress		( 179,544)	( 168,201)
		_______	_______
		124,521	121,330

Staff costs		( 88,778)	( 64,364)
Depreciation and other amounts written off tangible and intangible fixed assets		( 1,830)	( 1,014)
Other operating expenses		( 22,220)	( 25,736)
		_______	_______
Operating profit		11,693	30,216

Other interest receivable and similar income		4,305	-
		_______	_______
Profit before taxation		15,998	30,216

Tax on profit		( 3,040)	( 5,723)
		_______	_______
Profit for the financial year and total comprehensive income		12,958	24,493
		_______	_______

All the activities of the company are from continuing operations.

S Bennett Ltd

Statement of financial position

31 March 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Intangible assets	6	800		1,600
Tangible assets	7	2,091		2,978
		_______		_______
			2,891		4,578

Current assets
Debtors	8	7,543		2,288
Cash at bank and in hand		129,529		186,996
		_______		_______
		137,072		189,284
Creditors: amounts falling due
within one year	9	( 5,133)		( 7,538)
		_______		_______
Net current assets			131,939		181,746
			_______		_______
Total assets less current liabilities			134,830		186,324

Creditors: amounts falling due
after more than one year	10		( 9,841)		39,807
			_______		_______
Net assets			124,989		226,131
			_______		_______

Capital and reserves
Called up share capital			2		2
Profit and loss account			124,987		226,129
			_______		_______
Shareholders funds			124,989		226,131
			_______		_______

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements were approved by the board of directors and authorised for issue on 14 August 2026 , and are signed on behalf of the board by:

Mr Stephen John Bennett

Director

Company registration number: 05418089

S Bennett Ltd

Statement of changes in equity

Year ended 31 March 2026

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2024 (as previously reported)	2	236,219	236,221
Prior period adjustments	(-)	(7,009)	(7,009)
	_______	_______	_______
At 1 April 2024 (restated)	2	229,210	229,212

Profit for the year		24,493	24,493
	_______	_______	_______
Total comprehensive income for the year	-	24,493	24,493

Dividends paid and payable		( 27,574)	( 27,574)
	_______	_______	_______
Total investments by and distributions to owners	-	( 27,574)	( 27,574)

At 31 March 2025 (as previously reported)	2	226,129	226,131
Prior period adjustments	(-)	(84,206)	(84,206)
	_______	_______	_______
At 31 March 2025 (restated) and 1 April 2025	2	141,923	141,925

Profit for the year		12,958	12,958
	_______	_______	_______
Total comprehensive income for the year	-	12,958	12,958

Dividends paid and payable		( 29,894)	( 29,894)
	_______	_______	_______
Total investments by and distributions to owners	-	( 29,894)	( 29,894)

	_______	_______	_______
At 31 March 2026	2	124,987	124,989
	_______	_______	_______

S Bennett Ltd

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is S Bennett Ltd, SBC House, Wallington, South London, SM6 7AH.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	10% %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Computer Equipment	-	33% %	reducing balance
Fittings fixtures and equipment	-	33% %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units .

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Staff costs

The average number of persons employed by the company during the year amounted to Nil (2025: Nil).

The aggregate payroll costs incurred during the year were:

	2026	2025
	£	£
Wages and salaries	6,298	12,564
Social security costs	680	-
Other pension costs	81,800	51,800
	_______	_______
	88,778	64,364
	_______	_______

5. Profit before taxation

Profit before taxation is stated after charging/(crediting):

	2026	2025
	£	£
Amortisation of intangible assets	800	800
Depreciation of tangible assets	1,030	214
	_______	_______

6. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 April 2025 and 31 March 2026	8,000	8,000
	_______	_______
Amortisation
At 1 April 2025	6,400	6,400
Charge for the year	800	800
	_______	_______
At 31 March 2026	7,200	7,200
	_______	_______
Carrying amount
At 31 March 2026	800	800
	_______	_______
At 31 March 2025	1,600	1,600
	_______	_______

7. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 1 April 2025	4,546	4,804	9,350
Additions	-	144	144
	_______	_______	_______
At 31 March 2026	4,546	4,948	9,494
	_______	_______	_______
Depreciation
At 1 April 2025	3,246	3,127	6,373
Charge for the year	553	477	1,030
	_______	_______	_______
At 31 March 2026	3,799	3,604	7,403
	_______	_______	_______
Carrying amount
At 31 March 2026	747	1,344	2,091
	_______	_______	_______
At 31 March 2025	1,300	1,677	2,977
	_______	_______	_______

8. Debtors

	2026	2025
	£	£
Trade debtors	7,543	2,288
	_______	_______

9. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	2,093	1,815
Corporation tax	3,040	5,723
	_______	_______
	5,133	7,538
	_______	_______

10. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Social security and other taxes	2,791	3,143
Other creditors	7,050	( 42,950)
	_______	_______
	9,841	( 39,807)
	_______	_______

11. Prior period errors

There are prior years adjustments of 84205.62 due to lack of information on new accountant takeover.

12. Directors advances, credits and guarantees

	Balance brought forward and o/standing	Balance brought forward and o/standing
	2026	2025
	£	£
Mr Stephen John Bennett	-	7,500
	_______	_______

13. Controlling party

Mr Stephen Bennett