Bonsor Penningtons Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03216636 (England and Wales)

Bonsor Penningtons Limited

Unaudited Financial Statements for the Year Ended 31st March 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A T Pollard

SECRETARY:

Mrs S 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

3

4

4

5

CURRENT ASSETS

Stocks

6

69,278

4,800

Debtors

7

142,489

145,472

Cash at bank and in hand

1,990

29,377

213,757

179,649

CREDITORS

Amounts falling due within one year

8

181,683

136,721

NET CURRENT ASSETS

32,074

42,928

TOTAL ASSETS LESS CURRENT LIABILITIES

32,078

42,933

CREDITORS

Amounts falling due after more than one year

9

31,727

42,500

NET ASSETS

351

433

CAPITAL AND RESERVES

Called up share capital

50

50

Retained earnings

10

301

383

SHAREHOLDERS' FUNDS

351

433

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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 18th August 2023 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.

Turnover is the value of work completed in the year and is stated net of VAT.

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

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.

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 (2022 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2022

and 31st March 2023

25,000

AMORTISATION

At 1st April 2022

and 31st March 2023

24,999

NET BOOK VALUE

At 31st March 2023

1

At 31st March 2022

1

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1st April 2022

and 31st March 2023

57,720

51,222

42,565

25,625

177,132

DEPRECIATION

At 1st April 2022

57,719

51,221

42,564

25,624

177,128

Charge for year

-

-

-

1

1

At 31st March 2023

57,719

51,221

42,564

25,625

177,129

NET BOOK VALUE

At 31st March 2023

1

1

1

-

3

At 31st March 2022

1

1

1

1

4

6.

STOCKS

2023

2022

£

£

Work-in-progress

69,278

4,800

7.

DEBTORS

2023

2022

£

£

Amounts falling due within one year:

Trade debtors

15,670

12,901

Provision for bad debts

(8,395

)

(2,350

)

Other debtors

-

275

Prepayments and accrued income

4,208

3,640

11,483

14,466

Amounts falling due after more than one year:

Amounts owed by group undertakings

131,006

131,006

Aggregate amounts

142,489

145,472

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

15,723

1,260

Tax

28,512

16,467

Social security and other taxes

1,568

1,307

VAT

7,295

8,032

Other creditors

-

3,715

Directors' current accounts

123,676

100,990

Accruals and deferred income

4,909

4,950

181,683

136,721

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Business bounce- back loan

31,727

42,500

2023

2022

£

£

Amounts falling due in more than five years:

Repayable by instalments

Business bounce- back loan

31,727

42,500

10.

RESERVES

Retained

earnings

£

At 1st April 2022

383

Profit for the year

63,418

Dividends

(63,500

)

At 31st March 2023

301

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A T Pollard.