REGISTERED NUMBER: 03835469 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

STEVE BENTON TRANSPORT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S F Benton

SECRETARY:

H R Benton

REGISTERED OFFICE:

Bannerley Road

Garretts Green Industrial Estate

Birmingham

B33 0SL

REGISTERED NUMBER:

03835469 (England and Wales)

ACCOUNTANTS:

Prime

Chartered Accountants

Corner Oak

1 Homer Road

Solihull

B91 3QG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,607,818

2,830,848

2,607,818

2,830,848

CURRENT ASSETS

Stocks

289,388

225,959

Debtors

6

541,824

671,024

Cash at bank

155,661

205,795

986,873

1,102,778

CREDITORS

Amounts falling due within one year

7

1,305,706

1,632,525

NET CURRENT LIABILITIES

(318,833

)

(529,747

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,288,985

2,301,101

CREDITORS

Amounts falling due after more than one year

8

(915,508

)

(929,666

)

PROVISIONS FOR LIABILITIES

(651,246

)

(706,958

)

NET ASSETS

722,231

664,477

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

10

224,590

231,148

Retained earnings

497,541

433,229

SHAREHOLDERS' FUNDS

722,231

664,477

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 October 2026 and were signed by:

S F Benton - Director

1.	STATUTORY INFORMATION

Steve Benton Transport Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

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 2015, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold property

-

Over the term of the lease

Leasehold property improvement

-

Over the term of the lease

Trucks, lorries and trailers

-

at variable rates on reducing balance

Equipment

-

15% on reducing balance

Office furniture and fittings

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 17 (2025 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

4,000,000

AMORTISATION

At 1 April 2025

and 31 March 2026

4,000,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Trucks,

Leasehold

lorries

Leasehold

property

and

property

improvement

trailers

£

£

£

COST OR VALUATION

At 1 April 2025

400,000

95,643

4,601,636

Additions

-

-

531,331

Disposals

-

-

(888,975

)

At 31 March 2026

400,000

95,643

4,243,992

DEPRECIATION

At 1 April 2025

68,852

20,085

2,229,131

Charge for year

6,558

1,913

457,538

Eliminated on disposal

-

-

(608,469

)

At 31 March 2026

75,410

21,998

2,078,200

NET BOOK VALUE

At 31 March 2026

324,590

73,645

2,165,792

At 31 March 2025

331,148

75,558

2,372,505

Office

furniture

and

Motor

Equipment

fittings

vehicles

Totals

£

£

£

£

COST OR VALUATION

At 1 April 2025

102,573

27,049

11,465

5,238,366

Additions

-

-

-

531,331

Disposals

-

-

-

(888,975

)

At 31 March 2026

102,573

27,049

11,465

4,880,722

DEPRECIATION

At 1 April 2025

57,561

21,748

10,141

2,407,518

Charge for year

6,751

796

299

473,855

Eliminated on disposal

-

-

-

(608,469

)

At 31 March 2026

64,312

22,544

10,440

2,272,904

NET BOOK VALUE

At 31 March 2026

38,261

4,505

1,025

2,607,818

At 31 March 2025

45,012

5,301

1,324

2,830,848

Cost or valuation at 31 March 2026 is represented by:

Trucks,

Leasehold

lorries

Leasehold

property

and

property

improvement

trailers

£

£

£

Valuation in 2015

400,000

-

-

Cost

-

95,643

4,243,992

400,000

95,643

4,243,992

Office

furniture

and

Motor

Equipment

fittings

vehicles

Totals

£

£

£

£

Valuation in 2015

-

-

-

400,000

Cost

102,573

27,049

11,465

4,480,722

102,573

27,049

11,465

4,880,722

Leasehold property was valued on an open market basis on 21 January 2016 by Fisher German LLP .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Trucks,

lorries

and

trailers

£

COST OR VALUATION

At 1 April 2025

4,258,138

Additions

368,681

Disposals

(888,975

)

At 31 March 2026

3,737,844

DEPRECIATION

At 1 April 2025

2,101,431

Charge for year

408,105

Eliminated on disposal

(608,469

)

At 31 March 2026

1,901,067

NET BOOK VALUE

At 31 March 2026

1,836,777

At 31 March 2025

2,156,707

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

426,040

572,523

Other debtors

115,784

98,501

541,824

671,024

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

268,273

349,556

Hire purchase contracts

439,890

513,516

Trade creditors

246,453

257,139

Taxation and social security

182,672

297,160

Other creditors

168,418

215,154

1,305,706

1,632,525

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

915,508

927,015

Other creditors

-

2,651

915,508

929,666

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Loans < 1 yr

53,339

94,405

Hire purchase contracts

1,355,398

1,440,531

1,408,737

1,534,936

Bank loans hold a charge over the assets of the company.

Hire purchase contracts hold a charge over the assets to which they relate.

Natwest Bank PLC hold a charge dated 9 February 2016 over the property of the company and a charge dated 19 February 2016 over land owned by the company.

10.

RESERVES

Revaluation

reserve

£

At 1 April 2025

231,148

Transfer excess depreciation

on revaluation

(6,558

)

At 31 March 2026

224,590

Revaluation reserves are those that have arisen on the revaluation of the leasehold property, less any transfers for excess depreciation and deferred tax.