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REGISTERED NUMBER: SC058906 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

BONNAR SAND & GRAVEL CO. LIMITED

BONNAR SAND & GRAVEL CO. LIMITED (REGISTERED NUMBER: SC058906)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BONNAR SAND & GRAVEL CO. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: D Bonnar
Mrs J Tosh





SECRETARY: D Bonnar





REGISTERED OFFICE: Eastern Plot
Sandbank Industrial Estate
Dunoon
PA23 8PB





REGISTERED NUMBER: SC058906 (Scotland)





ACCOUNTANTS: Cornerstone Glasgow Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

BONNAR SAND & GRAVEL CO. LIMITED (REGISTERED NUMBER: SC058906)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 282,341 335,719
Investments 5 7,000 7,000
289,341 342,719

CURRENT ASSETS
Stocks 6 2,460 39,425
Debtors 7 267,213 255,481
Cash at bank and in hand 431,791 288,411
701,464 583,317
CREDITORS
Amounts falling due within one year 8 758,399 729,696
NET CURRENT LIABILITIES (56,935 ) (146,379 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

232,406

196,340

CAPITAL AND RESERVES
Called up share capital 25,003 25,003
Other reserves 9 - 63,591
Capital redemption reserve 62,977 62,977
Retained earnings 144,426 44,769
SHAREHOLDERS' FUNDS 232,406 196,340

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

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

BONNAR SAND & GRAVEL CO. LIMITED (REGISTERED NUMBER: SC058906)

BALANCE SHEET - continued
31 MARCH 2023


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 Board of Directors and authorised for issue on 5 February 2024 and were signed on its behalf by:





D Bonnar - Director


BONNAR SAND & GRAVEL CO. LIMITED (REGISTERED NUMBER: SC058906)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Bonnar Sand & Gravel Co. Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Static plant - 10% on a reducing balance basis
Moveable plant - 15% on a reducing balance basis
Motor vehicles - 20% on a reducing balance basis
Computer equipment - 33% on a straight line basis

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 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.

Freehold property
No depreciation is provided in respect of freehold properties. This treatment is contrary to the requirements of the Companies Act 2006 which requires all properties to be depreciated. If this departure from the Act had not been made, the profit for the financial period would have decreased by depreciation charges. However, depreciation is only one of the factors reflected at the balance sheet date valuation and the amount that might otherwise have been shown cannot be separately identified or quantified.

BONNAR SAND & GRAVEL CO. LIMITED (REGISTERED NUMBER: SC058906)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Freehold Static Moveable
property plant plant
£    £    £   
COST
At 1 April 2022 162,990 708,469 577,839
Additions 8,598 - 75,500
Disposals - (701,781 ) (563,039 )
At 31 March 2023 171,588 6,688 90,300
DEPRECIATION
At 1 April 2022 - 609,737 511,497
Charge for year - 157 12,036
Eliminated on disposal - (604,624 ) (501,441 )
At 31 March 2023 - 5,270 22,092
NET BOOK VALUE
At 31 March 2023 171,588 1,418 68,208
At 31 March 2022 162,990 98,732 66,342

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 70,621 3,860 1,523,779
Additions 44,500 - 128,598
Disposals (21,549 ) - (1,286,369 )
At 31 March 2023 93,572 3,860 366,008
DEPRECIATION
At 1 April 2022 63,751 3,075 1,188,060
Charge for year 10,151 259 22,603
Eliminated on disposal (20,931 ) - (1,126,996 )
At 31 March 2023 52,971 3,334 83,667
NET BOOK VALUE
At 31 March 2023 40,601 526 282,341
At 31 March 2022 6,870 785 335,719

BONNAR SAND & GRAVEL CO. LIMITED (REGISTERED NUMBER: SC058906)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 7,000
NET BOOK VALUE
At 31 March 2023 7,000
At 31 March 2022 7,000

6. STOCKS
2023 2022
£    £   
Stocks 2,460 39,425

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 62,536 70,439
Other debtors 204,677 185,042
267,213 255,481

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 43,824 31,749
Taxation and social security 1,129 14,343
Other creditors 713,446 683,604
758,399 729,696

9. RESERVES
Other
reserves
£   
At 1 April 2022 63,591
Other reserves adjustment (63,591 )

At 31 March 2023 -