Company No: 07454571 (England and Wales)

Contents

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

DIRECTORS	Dr H E Aylesbury
	Mr S P Bendall

REGISTERED OFFICE	Onslow House
	Onslow Street
	Surrey
	GU1 4TL
	Guildford
	United Kingdom

COMPANY NUMBER

07454571 (England and Wales)

ACCOUNTANT	S&W Partners LLP
	Onslow House
	Onslow Street
	Guildford
	GU1 4TL

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	5	1,859		415
		1,859		415
Current assets
Debtors	6	327,339		307,190
Cash at bank and in hand	7	234,969		218,187
		562,308		525,377
Creditors: amounts falling due within one year	8	( 32,803)		( 47,518)
Net current assets		529,505		477,859
Total assets less current liabilities		531,364		478,274
Net assets		531,364		478,274
Capital and reserves
Called-up share capital		100		100
Profit and loss account		531,264		478,174
Total shareholders' funds		531,364		478,274

For the financial year ending 30 November 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 Stephen Bendall Limited (registered number: 07454571) were approved and authorised for issue by the Board of Directors on 02 November 2026. They were signed on its behalf by:

Mr S P Bendall Director

Dr H E Aylesbury 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

Stephen Bendall 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 Onslow House, Onslow Street, Surrey, GU1 4TL, Guildford, 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 ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Stephen Bendall Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have not been prepared on a going concern basis.

Subsequent to the reporting date, the directors resolved to commence an orderly wind-down of the company's operations. The company expects trading activities to cease during the year ending 30 November 2026. The directors have considered the impact of this decision on the preparation of the financial statements and have concluded that the financial statements have been prepared on an alternative basis. No adjustments have been made at the reporting date as result of this decision.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
. the amount of revenue can be measured reliably;
. it is probable that the company will receive the consideration due under the contract;
. the stage of completion of the contract at the end of the reporting period can be measured reliably; and
. the costs incurred and the costs to complete the contract can be measured reliably.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount.

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 enacted or substantively enacted 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. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Goodwill

10 years straight line

Goodwill

Goodwill arises on a business combination and represents any excess of consideration given over fair value of the identifiable assets and liabilities acquired. It is written off on a straight line basis over its useful economic life of ten years taking into account any provision for impairment.

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:

Office equipment

3 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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Critical accounting judgements and key sources of estimation uncertainty

No significant judgements have had to be made by the directors in preparing these financial statements.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

4. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 December 2024	312,000		312,000
At 30 November 2025	312,000		312,000
Accumulated amortisation
At 01 December 2024	312,000		312,000
At 30 November 2025	312,000		312,000
Net book value
At 30 November 2025	0		0
At 30 November 2024	0		0

5. Tangible assets

	Office equipment		Total
	£		£
Cost
At 01 December 2024	11,806		11,806
Additions	2,724		2,724
At 30 November 2025	14,530		14,530
Accumulated depreciation
At 01 December 2024	11,391		11,391
Charge for the financial year	1,280		1,280
	0		0
At 30 November 2025	12,671		12,671
Net book value
At 30 November 2025	1,859		1,859
At 30 November 2024	415		415

6. Debtors

	2025		2024
	£		£
Trade debtors	28,904		31,930
Corporation tax	69,773		65,097
Other taxation and social security	133		0
Other debtors	228,529		210,163
	327,339		307,190

7. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	234,969		218,187

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	2,218		0
Accruals	11,364		11,971
Taxation and social security	19,221		35,547
	32,803		47,518

9. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

	2025		2024
	£		£
Unpaid contributions due to the fund (inc. in the P&L)	2,400		1,200

10. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Balance b/f	214,673		196,846
Cash advances	7,500		26,097
Repayments	(780)		(12,780)
Interest	7,136		4,510
Balance c/f	228,529		214,673