Bonavista Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07775409 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2014

FOR

BONAVISTA LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

N S Shirreff

Mrs N Shirreff

SECRETARY:

Mrs N Shirreff

REGISTERED OFFICE:

3 Noel Lee Way

High Street

Cam

Dursley

Glos

GL11 5PS

REGISTERED NUMBER:

07775409 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Intangible assets

2

39,830

45,520

Tangible assets

3

25,011

30,003

64,841

75,523

CURRENT ASSETS

Stocks

12,526

18,052

Debtors

317

399

Cash at bank and in hand

11,942

9,585

24,785

28,036

CREDITORS

Amounts falling due within one year

106,380

111,997

NET CURRENT LIABILITIES

(81,595

)

(83,961

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(16,754

)

(8,438

)

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

(16,756

)

(8,440

)

SHAREHOLDERS' FUNDS

(16,754

)

(8,438

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 June 2015 and were signed on its behalf by:

N S Shirreff - Director

1.	ACCOUNTING POLICIES

Going concern

The company has the full backing from the shareholders who will continue to support the business.

The shareholders have considered the risks and issues concerning the company and its activities and

conclude that there are no material uncertainties that may cast significant doubt about the company's

ability to continue as a going concern.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the invoiced value of goods sold and services provided during the year, inclusive

of Value Added Tax where applicable.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

56,900

AMORTISATION

At 1 October 2013

11,380

Amortisation for year

5,690

At 30 September 2014

17,070

NET BOOK VALUE

At 30 September 2014

39,830

At 30 September 2013

45,520

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

42,544

DEPRECIATION

At 1 October 2013

12,541

Charge for year

4,992

At 30 September 2014

17,533

NET BOOK VALUE

At 30 September 2014

25,011

At 30 September 2013

30,003

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2