Thomas Bond & Partners Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 08329521 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

THOMAS BOND & PARTNERS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTORS:

Mr. T I Klima

Miss. E A Whitmore

REGISTERED OFFICE:

130 Melton Road

West Bridgford

Nottingham

NG2 6ER

REGISTERED NUMBER:

08329521 (England and Wales)

ACCOUNTANTS:

Cobb Burgin & Co

Chartered Accountants

129a Middleton Boulevard

Wollaton Park

Nottingham

NG8 1FW

FIXED ASSETS

Intangible assets

4

502,000

533,375

Tangible assets

5

41,792

35,335

543,792

568,710

CURRENT ASSETS

Stocks

100,148

94,477

Debtors

73,908

76,529

Cash in hand

235

215

174,291

171,221

CREDITORS

Amounts falling due within one year

(235,452

)

(257,216

)

NET CURRENT LIABILITIES

(61,161

)

(85,995

)

TOTAL ASSETS LESS CURRENT LIABILITIES

482,631

482,715

CREDITORS

Amounts falling due after more than one year

6

(152,981

)

(200,619

)

PROVISIONS FOR LIABILITIES

9

(7,940

)

(6,699

)

NET ASSETS

321,710

275,397

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

10

321,510

275,197

SHAREHOLDERS' FUNDS

321,710

275,397

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 26 April 2017 and were signed on its behalf by:

Mr. T I Klima - Director

Miss. E A Whitmore - Director

1.	STATUTORY INFORMATION

Thomas Bond & Partners 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

In preparing the financial statements, the directors have considered whether in applying the accounting

policies required by FRS 102 Section 1a, a restatement of comparative items was needed.

No restatements were required.

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 2013, is being amortised evenly over its estimated useful life of twenty years.

Based on a valuation undertaken undertaken in November 2015 the directors consider that an estimated

useful life of twenty years is still appropriate.

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.

Fixtures and fittings

-

15% 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.

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of

the lease.

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 33 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2016

and 31 December 2016

627,500

AMORTISATION

At 1 January 2016

94,125

Amortisation for year

31,375

At 31 December 2016

125,500

NET BOOK VALUE

At 31 December 2016

502,000

At 31 December 2015

533,375

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2016

53,429

Additions

13,636

Disposals

(2,355

)

At 31 December 2016

64,710

DEPRECIATION

At 1 January 2016

18,094

Charge for year

6,382

Eliminated on disposal

(1,558

)

At 31 December 2016

22,918

NET BOOK VALUE

At 31 December 2016

41,792

At 31 December 2015

35,335

The net book value of assets acquired by the company that are held under hire purchase and finance lease

contracts at the balance sheet date as shown below:

2016

2015

£

£

Hire purchase

6,413

5,370

Finance lease

6,094

6,990

12,507

12,360

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Hire purchase contracts and finance leases

7,990

4,937

Other creditors

144,991

195,682

152,981

200,619

7.

LOANS

An analysis of the maturity of loans is given below:

2016

2015

£

£

Amounts falling due within one year or on demand:

Bank loans

26,433

21,249

8.	SECURED DEBTS

The following secured debts are included within creditors:

2016

2015

£

£

Hire purchase contracts and finance leases

11,376

12,360

9.	PROVISIONS FOR LIABILITIES

2016

2015

£

£

Deferred tax

7,940

6,699

Deferred

tax

£

Balance at 1 January 2016

6,699

Accelerated capital allowances

1,241

Balance at 31 December 2016

7,940

10.

RESERVES

Retained

earnings

£

At 1 January 2016

275,197

Profit for the year

46,313

At 31 December 2016

321,510

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year loans existed between the company and the directors. These loans are unsecured and

repayments are scheduled as detailed below. The amount owing to the directors at the year end are as

follows:

2016

2015

£

£

Mr. T I Kilma

115,221

150,815

Miss. E A Whitmore

101,234

129,867

216,455

280,682

Mr. T I Kilma will receive £1,500 per month in repayment of this loan with an interest to be added at

Lloyds Bank base rate (currently 0.25%) until this loan is cleared in full. The repayment of capital due in

the next 12 months amounts to £17,464. The remaining £97,805 will continue to be repaid at £1,500 per

month.

Miss. E A Whitmore will receive £4,500 per month in repayment of this loan with no interest to be added.

The repayment of capital due in the next 12 months amounts to £54,000. The remaining £47,234 is due on

demand with 364 days notice, however it is expected that the current repayment plan of £4,500 per month

will continue.

12.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.