Bonus Trading UK Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08151258 (England and Wales)

BONUS TRADING UK LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr H Chattell

Mrs C E Chattell

Mr V Chattell

Mr D N Chattell

Mr T Chattell

Mrs L Chattell

REGISTERED OFFICE:

Trading House

Enterprise Road

Rounds

Wellingborough

Northamptonshire

NN9 6JE

REGISTERED NUMBER:

08151258 (England and Wales)

ACCOUNTANTS:

Oldfield Accountants

Santis House

Curriers Close

Coventry

West Midlands

CV4 8AW

FIXED ASSETS

Intangible assets

2

173,939

275,000

Tangible assets

3

575,595

536,792

749,534

811,792

CURRENT ASSETS

Stocks

436,810

335,437

Debtors

784,978

566,393

Cash at bank and in hand

308,687

273,621

1,530,475

1,175,451

CREDITORS

Amounts falling due within one year

736,060

721,175

NET CURRENT ASSETS

794,415

454,276

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,543,949

1,266,068

CREDITORS

Amounts falling due after more than one
year

(639,295

)

(645,362

)

PROVISIONS FOR LIABILITIES

(21,500

)

(13,674

)

NET ASSETS

883,154

607,032

CAPITAL AND RESERVES

Called up share capital

4

206

Capital redemption reserve

150,000

Profit and loss account

732,948

456,826

SHAREHOLDERS' FUNDS

883,154

607,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 17 November 2016 and were signed on
its behalf by:

Mr H Chattell - Director

1.	ACCOUNTING POLICIES

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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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 five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and equipment

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

550,000

Additions

11,174

At 31 March 2016

561,174

AMORTISATION

At 1 April 2015

275,000

Amortisation for year

112,235

At 31 March 2016

387,235

NET BOOK VALUE

At 31 March 2016

173,939

At 31 March 2015

275,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

625,637

Additions

82,891

At 31 March 2016

708,528

DEPRECIATION

At 1 April 2015

88,845

Charge for year

44,088

At 31 March 2016

132,933

NET BOOK VALUE

At 31 March 2016

575,595

At 31 March 2015

536,792

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

6

Ordinary

£1

6

32

B

£1

32

C

£1

32

12

D

£1

12

24

E

£1

24

100

P

£1

100

206

5.	ULTIMATE PARENT COMPANY

Bonus Trading (Holdings) Ltd is regarded by the directors as being the company's ultimate parent

company.