George Bence & Sons (cheltenham) Limited in Glos, GL52 2EJ

Description

Data updated on: 01-11-2023

The firm is situated in Glos under the ID 02447653. This firm was set up in the year 1989. The headquarters of the firm is located at 41/47 Fairview Road Cheltenham. The area code is GL52 2EJ. This business's SIC code is 46130, that means Agents involved in the sale of timber and building materials. Its latest financial reports cover the period up to 2022-12-31 and the most current confirmation statement was submitted on 2022-11-29.

Currently, the directors chosen by the following limited company include: Carlwyn C. assigned this position in 2011 in November, Paul B. assigned this position in 2005 in August and Christopher B. assigned this position thirty three years ago. To find professional help with legal documentation, the abovementioned limited company has been utilizing the expertise of Elaine E. as a secretary since May 2017.

The companies that control this firm include: George Bence & Sons Limited owns over 3/4 of company shares. This business can be reached in Cheltenham at Fairview Road, GL52 2EJ.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	3 368	2 346 648	2 727 541	1 449 115
Current Assets	3 932 192	5 850 657	6 934 134	6 061 367
Debtors	2 854 433	2 507 427	2 800 285	2 958 361
Net Assets Liabilities	750 000	750 000	750 000	750 000
Other Debtors	53 939	59 031	56 535	36 893
Total Inventories	1 074 391	996 582	1 406 308	1 653 891

Other Financial Data
Audit Fees Expenses	9 500	10 000	10 300	19 000
Additional Provisions Increase From New Provisions Recognised				215 580
Administration Support Average Number Employees	80	69	63	71
Administrative Expenses	3 278 864	3 198 173	3 337 282	3 984 479
Amounts Owed By Related Parties	397 533
Amounts Owed To Related Parties		272 757	1 058 046	1 135 896
Amount Specific Bank Loan	39 184	10 026
Applicable Tax Rate	19	19	19	19
Average Number Employees During Period	112	100	91	100
Bank Borrowings	39 184	966 667	751 667	531 667
Bank Overdrafts	266 962
Cost Sales	12 539 148	10 505 941	13 454 320	14 770 054
Creditors	3 182 192	966 667	751 667	531 667
Current Tax For Period	69 689	191 489	172 183	13 777
Deferred Tax Asset Debtors		10 336	10 265	3 209
Deferred Tax Assets		10 336	10 265	3 209
Deferred Tax Expense Credit From Unrecognised Timing Difference From Prior Period	8 126	-9 281	5 714
Deferred Tax Expense Credit Relating To Changes In Tax Rates Or Laws		-1 091	-2 464	1 694
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences		-1 055	-3 179	5 362
Distribution Average Number Employees	32	31	28	29
Distribution Costs	1 148 464	1 099 141	1 096 726	1 296 338
Dividends Paid	-194 279	-812 212	-1 060 374	-479 511
Future Minimum Lease Payments Under Non-cancellable Operating Leases	50 023	16 181	196 849	210 727
Government Grant Income		579 058	200 349
Gross Profit Loss	4 679 673	4 712 979	5 443 262	5 796 507
Increase Decrease In Current Tax From Adjustment For Prior Periods			-31 970	23
Increase Decrease In Current Tax From Unrecognised Timing Difference From Prior Period			-31 970	23
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings			11 061	25 985
Interest Income On Bank Deposits			2 116	10 598
Interest Payable Similar Charges Finance Costs	3 156	4 315	11 061	25 985
Minimum Operating Lease Payments Recognised As Expense	59 765	33 842	21 575	47 665
Number Shares Issued Fully Paid	100 000	100 000	100 000	100 000
Operating Profit Loss	252 345	994 723	1 209 603	515 690
Other Creditors	190 176	300 740	321 332	265 749
Other Finance Income				64
Other Interest Receivable Similar Income Finance Income	14 779	2 957	2 116	10 662
Other Operating Income Format1		579 058	200 349
Other Payables Accrued Expenses	281 186	322 178	532 341	328 198
Par Value Share		1	1	1
Pension Costs Defined Contribution Plan	70 446	79 745	123 711	160 423
Prepayments	507 832	520 088	457 190	660 441
Profit Loss	194 279	812 212	1 060 374	479 511
Profit Loss On Ordinary Activities Before Tax	263 968	993 365	1 200 658	500 367
Provisions				215 580
Provisions For Liabilities Balance Sheet Subtotal				215 580
Raw Materials Consumables	1 074 391	996 582	1 406 308	1 653 891
Social Security Costs	261 027	260 018	278 217	292 524
Staff Costs Employee Benefits Expense	3 070 953	3 091 768	3 168 997	3 599 928
Taxation Social Security Payable	252 100	362 367	370 920	197 010
Tax Expense Credit Applicable Tax Rate	50 154	188 739	228 125	95 070
Tax Increase Decrease Arising From Group Relief Tax Reconciliation			-64 471	-88 686
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	11 409	2 786	5 350	12 755
Tax Tax Credit On Profit Or Loss On Ordinary Activities	69 689	181 153	140 284	20 856
Total Assets Less Current Liabilities	750 000	1 716 667	1 501 667	1 497 247
Total Borrowings	306 146	966 667	751 667	531 667
Total Deferred Tax Expense Credit		-10 336	71	7 056
Total Operating Lease Payments	37 709	42 438	46 691	59 508
Trade Creditors Trade Payables	2 069 760	2 525 863	2 756 215	2 389 141
Trade Debtors Trade Receivables	1 895 129	1 917 972	2 276 295	2 257 818
Turnover Revenue	17 218 821	15 218 920	18 897 582	20 566 561
Unpaid Contributions To Pension Schemes	13 135	15 237	18 327	14 325
Wages Salaries	2 739 480	2 752 005	2 767 069	3 146 981
Company Contributions To Money Purchase Plans Directors	17 645	20 062	20 045	20 045
Director Remuneration	375 630	457 777	454 554	362 634
Number Directors Accruing Benefits Under Money Purchase Scheme	1	1	1	2