Bonsor Penningtons Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03216636

Bonsor Penningtons Limited

Unaudited Financial Statements for the Year Ended 31st March 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A T Pollard

REGISTERED OFFICE:

Warwick Lodge

75-77, Old London Road

Kingston upon Thames

Surrey

KT2 6ND

REGISTERED NUMBER:

03216636

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

2

3,300

3

3,301

CURRENT ASSETS

Debtors

6

129,760

160,738

Cash at bank and in hand

200,114

48,159

329,874

208,897

CREDITORS

Amounts falling due within one year

7

192,102

155,137

NET CURRENT ASSETS

137,772

53,760

TOTAL ASSETS LESS CURRENT LIABILITIES

137,775

57,061

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

137,675

56,961

137,775

57,061

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 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.

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 18th September 2017 and were signed on its behalf by:

A T Pollard - Director

1.	STATUTORY INFORMATION

Bonsor Penningtons Limited is a private company, limited by shares , registered in

Not specified/Other. 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.

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 8 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2016

and 31st March 2017

25,000

AMORTISATION

At 1st April 2016

and 31st March 2017

24,999

NET BOOK VALUE

At 31st March 2017

1

At 31st March 2016

1

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1st April 2016

and 31st March 2017

57,720

37,612

42,241

23,265

160,838

DEPRECIATION

At 1st April 2016

57,719

37,611

42,241

19,967

157,538

Charge for year

-

-

-

3,298

3,298

At 31st March 2017

57,719

37,611

42,241

23,265

160,836

NET BOOK VALUE

At 31st March 2017

1

1

-

-

2

At 31st March 2016

1

1

-

3,298

3,300

6.

DEBTORS

2017

2016

£

£

Amounts falling due within one year:

Trade debtors

65,339

71,944

Provision for bad debts

(18,817

)

(18,512

)

Directors' current accounts

-

1

Prepayments and accrued income

5,792

7,305

52,314

60,738

Amounts falling due after more than one year:

Amounts owed by group undertakings

77,446

100,000

Aggregate amounts

129,760

160,738

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

-

69,493

Trade creditors

13,007

16,516

Tax

23,643

29,090

Social security and other taxes

9,320

5,484

VAT

18,269

16,622

Other creditors

3,526

4,550

Other loans

-

10,000

Directors' current accounts

120,841

-

Accruals and deferred income

3,496

3,382

192,102

155,137

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A T Pollard.