Registered number
04671598
K P BONHAM LIMITED
Filleted Accounts
28 February 2023
K P BONHAM LIMITED
Registered number: 04671598
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 4,146 5,381
Current assets
Cash at bank and in hand 24,049 12,244
Creditors: amounts falling due within one year 4 (11,018) (9,276)
Net current assets 13,031 2,968
Net assets 17,177 8,349
Capital and reserves
Called up share capital 1 1
Profit and loss account 17,176 8,348
Shareholders' funds 17,177 8,349
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K P Bonham
Director
Approved by the board on 21 November 2023
K P BONHAM LIMITED
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicle over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Fixtures, fittings, tools and equipment Motor vehicles Total
£ £ £
Cost
At 1 March 2022 17,816 2,400 20,216
At 28 February 2023 17,816 2,400 20,216
Depreciation
At 1 March 2022 13,875 960 14,835
Charge for the year 755 480 1,235
At 28 February 2023 14,630 1,440 16,070
Net book value
At 28 February 2023 3,186 960 4,146
At 28 February 2022 3,941 1,440 5,381
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 630 588
Taxation and social security costs 3,686 2,804
Other creditors 6,702 5,884
11,018 9,276
5 Other information
K P BONHAM LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
3 Crichton Road
Carshalton Beeches
Carshalton
Surrey
SM5 3LS
K P BONHAM LIMITED 04671598 false 2022-03-01 2023-02-28 2023-02-28 VT Final Accounts October 2023 release 2 K P Bonham No description of principal activity 04671598 2021-03-01 2022-02-28 04671598 core:WithinOneYear 2022-02-28 04671598 core:ShareCapital 2022-02-28 04671598 core:RetainedEarningsAccumulatedLosses 2022-02-28 04671598 2022-03-01 2023-02-28 04671598 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 04671598 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 04671598 bus:Director40 2022-03-01 2023-02-28 04671598 1 2022-03-01 2023-02-28 04671598 2 2022-03-01 2023-02-28 04671598 core:PlantMachinery 2022-03-01 2023-02-28 04671598 core:Vehicles 2022-03-01 2023-02-28 04671598 countries:England 2022-03-01 2023-02-28 04671598 bus:FRS102 2022-03-01 2023-02-28 04671598 bus:FullAccounts 2022-03-01 2023-02-28 04671598 2023-02-28 04671598 core:WithinOneYear 2023-02-28 04671598 core:ShareCapital 2023-02-28 04671598 core:RetainedEarningsAccumulatedLosses 2023-02-28 04671598 core:PlantMachinery 2023-02-28 04671598 core:Vehicles 2023-02-28 04671598 2022-02-28 04671598 core:PlantMachinery 2022-02-28 04671598 core:Vehicles 2022-02-28 iso4217:GBP xbrli:pure