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REGISTERED NUMBER: 07458863 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Bonner Fabrications Limited

Bonner Fabrications Limited (Registered number: 07458863)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bonner Fabrications Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P Bonner
Mrs C Bonner





REGISTERED OFFICE: Rangefield Court
Farnham Trading Estate
Farnham
Surrey
GU9 9NP





REGISTERED NUMBER: 07458863 (England and Wales)





ACCOUNTANTS: J.Y. Limited
Rangefield Court
Farnham Trading Estate
Farnham
Surrey
GU9 9NP

Bonner Fabrications Limited (Registered number: 07458863)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,145 720
1,145 720

CURRENT ASSETS
Stocks - 7,438
Debtors 6 92,133 38,536
Cash at bank 124,314 78,008
216,447 123,982
CREDITORS
Amounts falling due within one year 7 77,198 33,926
NET CURRENT ASSETS 139,249 90,056
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,394

90,776

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 140,294 90,676
SHAREHOLDERS' FUNDS 140,394 90,776

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

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

Bonner Fabrications Limited (Registered number: 07458863)

Balance Sheet - continued
31 December 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 8 March 2024 and were signed on its behalf by:




P Bonner - Director



Mrs C Bonner - Director


Bonner Fabrications Limited (Registered number: 07458863)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Bonner Fabrications 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 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.

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.
Plant and machinery - 20% on cost
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Bonner Fabrications Limited (Registered number: 07458863)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 48,000
AMORTISATION
At 1 January 2023
and 31 December 2023 48,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023 6,368 2,639 9,007
Additions 800 499 1,299
At 31 December 2023 7,168 3,138 10,306
DEPRECIATION
At 1 January 2023 6,113 2,174 8,287
Charge for year 245 629 874
At 31 December 2023 6,358 2,803 9,161
NET BOOK VALUE
At 31 December 2023 810 335 1,145
At 31 December 2022 255 465 720

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 60,081 17,500
Other debtors 32,052 21,036
92,133 38,536

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 31,739 5,342
Taxation and social security 42,785 27,111
Other creditors 2,674 1,473
77,198 33,926

Bonner Fabrications Limited (Registered number: 07458863)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. RELATED PARTY DISCLOSURES

Dividends are payable to the directors, Mr P Bonner and Mrs C Bonner by virtue of their shareholding in the business.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Bonner.