G P Benson Limited - Accounts to registrar (filleted) - small 18.2

G P Benson Limited - Accounts to registrar (filleted) - small 18.2

G P BENSON LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v22.2.0.402 09054553 director 1.4.21 31.3.22 31.3.22 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure090545532021-03-31090545532022-03-31090545532021-04-012022-03-31090545532020-03-31090545532020-04-012021-03-31090545532021-03-3109054553ns16:EnglandWales2021-04-012022-03-3109054553ns15:PoundSterling2021-04-012022-03-3109054553ns11:Director12021-04-012022-03-3109054553ns11:PrivateLimitedCompanyLtd2021-04-012022-03-3109054553ns11:SmallEntities2021-04-012022-03-3109054553ns11:AuditExempt-NoAccountantsReport2021-04-012022-03-3109054553ns11:SmallCompaniesRegimeForDirectorsReport2021-04-012022-03-3109054553ns11:SmallCompaniesRegimeForAccounts2021-04-012022-03-3109054553ns11:FullAccounts2021-04-012022-03-310905455312021-04-012022-03-3109054553ns11:RegisteredOffice2021-04-012022-03-3109054553ns6:CurrentFinancialInstruments2022-03-3109054553ns6:CurrentFinancialInstruments2021-03-3109054553ns6:Non-currentFinancialInstruments2022-03-3109054553ns6:Non-currentFinancialInstruments2021-03-3109054553ns6:ShareCapital2022-03-3109054553ns6:ShareCapital2021-03-3109054553ns6:CapitalRedemptionReserve2022-03-3109054553ns6:CapitalRedemptionReserve2021-03-3109054553ns6:RetainedEarningsAccumulatedLosses2022-03-3109054553ns6:RetainedEarningsAccumulatedLosses2021-03-3109054553ns6:NetGoodwill2021-04-012022-03-3109054553ns6:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3109054553ns6:PlantMachinery2021-04-012022-03-3109054553ns6:NetGoodwill2022-03-3109054553ns6:PlantMachinery2021-03-3109054553ns6:PlantMachinery2022-03-3109054553ns6:PlantMachinery2021-03-3109054553ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3109054553ns6:WithinOneYearns6:CurrentFinancialInstruments2021-03-3109054553ns6:AcceleratedTaxDepreciationDeferredTax2022-03-3109054553ns6:AcceleratedTaxDepreciationDeferredTax2021-03-3109054553ns6:DeferredTaxation2021-03-3109054553ns6:DeferredTaxation2021-04-012022-03-3109054553ns6:DeferredTaxation2022-03-31
REGISTERED NUMBER: 09054553 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

G P Benson Limited
G P Benson Limited (Registered number: 09054553)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G P Benson Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: Mr G P Benson





REGISTERED OFFICE: The Mill
Station Road
Wigton
Cumbria
CA7 9BA





REGISTERED NUMBER: 09054553 (England and Wales)





ACCOUNTANTS: Benson Accountants
The Mill
Station Road
Wigton
Cumbria
CA7 9BA
Page 1
G P Benson Limited (Registered number: 09054553)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 55,000 -
Tangible assets 5 2,098 3,757
57,098 3,757

CURRENT ASSETS
Stocks 55,559 60,999
Debtors 6 213,014 193,278
Cash at bank 147,999 68,600
416,572 322,877
CREDITORS
Amounts falling due within one year 7 186,413 124,427
NET CURRENT ASSETS 230,159 198,450
TOTAL ASSETS LESS CURRENT
LIABILITIES
287,257
202,207

CREDITORS
Amounts falling due after more than one
year
8
(35,872
)
(45,633
)

PROVISIONS FOR LIABILITIES 9 - (92 )
NET ASSETS 251,385 156,482

CAPITAL AND RESERVES
Called up share capital 10 101 101
Capital redemption reserve 101 101
Retained earnings 251,183 156,280
251,385 156,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 notes form part of these financial statements

Page 2 continued...
G P Benson Limited (Registered number: 09054553)

Balance Sheet - continued
31 March 2022


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 October 2022 and were signed by:





Mr G P Benson - Director


The notes form part of these financial statements

Page 3
G P Benson Limited (Registered number: 09054553)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

G P Benson 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.

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.

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 2022, is being amortised evenly over its estimated useful life of four 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.
Plant and machinery etc - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Page 4 continued...
G P Benson Limited (Registered number: 09054553)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued

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 20 (2021 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 55,000
At 31 March 2022 55,000
NET BOOK VALUE
At 31 March 2022 55,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021
and 31 March 2022 36,074
DEPRECIATION
At 1 April 2021 32,317
Charge for year 1,659
At 31 March 2022 33,976
NET BOOK VALUE
At 31 March 2022 2,098
At 31 March 2021 3,757

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 209,620 190,163
Other debtors 3,394 3,115
213,014 193,278

Page 5 continued...
G P Benson Limited (Registered number: 09054553)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 9,414 4,367
Trade creditors 988 606
Taxation and social security 148,006 117,328
Other creditors 28,005 2,126
186,413 124,427

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loans 35,872 45,633

9. PROVISIONS FOR LIABILITIES
31.3.22 31.3.21
£    £   
Deferred tax
Accelerated capital allowances - 92

Deferred
tax
£   
Balance at 1 April 2021 92
Credit to Income Statement during year (92 )
Balance at 31 March 2022 -

10. CALLED UP SHARE CAPITAL

Issues, allotted and fully paid


Class

Nominal value		 At
31.3.2022(£)		 At
31.3.2021(£)
"A" Ordinary £1 100 200
"B" Ordinary £1 1 1

101 101

Page 6