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REGISTERED NUMBER: SC492354 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

BONNINGTONS THE JEWELLER LIMITED

BONNINGTONS THE JEWELLER LIMITED (REGISTERED NUMBER: SC492354)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BONNINGTONS THE JEWELLER LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Kenneth Scott





SECRETARY: Kenneth Scott





REGISTERED OFFICE: 47 High Street
Lanark
South Lanarkshire
ML11 7LU





REGISTERED NUMBER: SC492354 (Scotland)





ACCOUNTANTS: Thomson Currie Accountancy Limited
Chartered Accountants
PO Box 9186
7 Pickering House
Netherton Road
Wishaw
ML2 0YP

BONNINGTONS THE JEWELLER LIMITED (REGISTERED NUMBER: SC492354)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 86,621 89,830
86,621 89,830

CURRENT ASSETS
Stocks 116,600 100,137
Debtors 89 89
Cash at bank and in hand 49,839 55,706
166,528 155,932
CREDITORS
Amounts falling due within one year 91,804 97,117
NET CURRENT ASSETS 74,724 58,815
TOTAL ASSETS LESS CURRENT
LIABILITIES

161,345

148,645

CREDITORS
Amounts falling due after more than one
year

(14,167

)

(24,167

)

PROVISIONS FOR LIABILITIES (1,102 ) (1,362 )
NET ASSETS 146,076 123,116

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 146,075 123,115
SHAREHOLDERS' FUNDS 146,076 123,116

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 director acknowledges his 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.

BONNINGTONS THE JEWELLER LIMITED (REGISTERED NUMBER: SC492354)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 February 2024 and were signed by:





Kenneth Scott - Director


BONNINGTONS THE JEWELLER LIMITED (REGISTERED NUMBER: SC492354)

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

1. STATUTORY INFORMATION

BONNINGTONS THE JEWELLER 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 consideration received or receivable, excluding value added tax. Turnover from the sale of goods is recognised at the date of sale, and turnover from the provision of services is recognised on completion of the service.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 20% on reducing balance
Computer equipment - 15% 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 Profit and Loss Account, 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.

BONNINGTONS THE JEWELLER LIMITED (REGISTERED NUMBER: SC492354)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 1,325
AMORTISATION
At 1 January 2023
and 31 December 2023 1,325
NET BOOK VALUE

At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 114,305
DEPRECIATION
At 1 January 2023 24,475
Charge for year 3,209
At 31 December 2023 27,684
NET BOOK VALUE
At 31 December 2023 86,621
At 31 December 2022 89,830

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary £1 1 1

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Creditors falling due within one year includes a directors loan account. The loan account was not overdrawn during the year.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Kenneth Scott.