Bonsor Penningtons Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03216636 (England and Wales)

Bonsor Penningtons Limited

Unaudited Financial Statements for the Year Ended 31st March 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A T Pollard

REGISTERED OFFICE:

Warwick Lodge

75-77, Old London Road

Kingston upon Thames

Surrey

KT2 6ND

REGISTERED NUMBER:

03216636 (England and Wales)

ACCOUNTANTS:

The Decimal Place

8 Blandfield Road

London

SW12 8BG

BANKERS:

Barclays

6, Clarence Street

Kingston upon Thames

Surrey

KT1 1NY

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

4

4

5

5

CURRENT ASSETS

Debtors

6

142,791

148,810

Cash at bank and in hand

10,827

17,261

153,618

166,071

CREDITORS

Amounts falling due within one year

7

103,394

169,246

NET CURRENT ASSETS/(LIABILITIES)

50,224

(3,175

)

TOTAL ASSETS LESS CURRENT LIABILITIES

50,229

(3,170

)

CREDITORS

Amounts falling due after more than one year

8

(50,000

)

-

PROVISIONS FOR LIABILITIES

9

-

(78

)

NET ASSETS/(LIABILITIES)

229

(3,248

)

CAPITAL AND RESERVES

Called up share capital

50

50

Retained earnings

10

179

(3,298

)

SHAREHOLDERS' FUNDS

229

(3,248

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14th July 2021 and were signed by:

A T Pollard - Director

1.	STATUTORY INFORMATION

Bonsor Penningtons 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 1997, is being amortised evenly over its estimated useful life of five 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.

Improvements to property

-

in accordance with the property

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

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.

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 5 (2020 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2020

and 31st March 2021

25,000

AMORTISATION

At 1st April 2020

and 31st March 2021

24,999

NET BOOK VALUE

At 31st March 2021

1

At 31st March 2020

1

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1st April 2020

and 31st March 2021

57,720

51,222

42,565

25,625

177,132

DEPRECIATION

At 1st April 2020

and 31st March 2021

57,719

51,221

42,564

25,624

177,128

NET BOOK VALUE

At 31st March 2021

1

1

1

1

4

At 31st March 2020

1

1

1

1

4

6.

DEBTORS

2021

2020

£

£

Amounts falling due within one year:

Trade debtors

9,209

19,798

Provision for bad debts

(2,350

)

(6,500

)

Other debtors

62

107

VAT

1,010

-

Prepayments and accrued income

3,854

4,399

11,785

17,804

Amounts falling due after more than one year:

Amounts owed by group undertakings

131,006

131,006

Aggregate amounts

142,791

148,810

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

3,961

5,452

Tax

2,472

10,941

Social security and other taxes

10,352

11,092

VAT

-

2,082

Other creditors

33,183

77,723

Directors' current accounts

49,378

58,894

Accruals and deferred income

4,048

3,062

103,394

169,246

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Business bounce- back loan

50,000

-

Amounts falling due in more than five years:

Repayable by instalments

Business bounce- back loan

50,000

-

9.	PROVISIONS FOR LIABILITIES

2021

2020

£

£

Deferred tax

-

78

Deferred

tax

£

Balance at 1st April 2020

78

Credit to Income Statement during year

(78

)

Re : accelerated capital

allowances claim

Balance at 31st March 2021

-

10.

RESERVES

Retained

earnings

£

At 1st April 2020

(3,298

)

Profit for the year

10,477

Dividends

(7,000

)

At 31st March 2021

179

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A T Pollard.