Company Registration No. 02173570 (England and Wales)
Herons Bonsai Limited
Unaudited accounts
for the year ended 31 October 2023
Herons Bonsai Limited
Unaudited accounts
Contents
Herons Bonsai Limited
Company Information
for the year ended 31 October 2023
Company Number
02173570 (England and Wales)
Registered Office
WIRE MILL LANE
NEWCHAPEL
LINGFIELD
SURREY
RH7 6HJ
Herons Bonsai Limited
Statement of financial position
as at 31 October 2023
Tangible assets
468,647
447,953
Inventories
299,000
197,000
Cash at bank and in hand
324,380
426,011
Creditors: amounts falling due within one year
(86,303)
(65,049)
Net current assets
628,528
622,808
Total assets less current liabilities
1,097,175
1,070,761
Provisions for liabilities
Deferred tax
(7,500)
(20,000)
Net assets
1,089,675
1,050,761
Called up share capital
100
100
Profit and loss account
1,089,575
1,050,661
Shareholders' funds
1,089,675
1,050,761
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by
P Chan
Director
Company Registration No. 02173570
Herons Bonsai Limited
Notes to the Accounts
for the year ended 31 October 2023
Herons Bonsai Limited is a private company, limited by shares, registered in England and Wales, registration number 02173570. The registered office is WIRE MILL LANE, NEWCHAPEL, LINGFIELD, SURREY, RH7 6HJ.
These financial statements comply with Financial Reporting Standard 102 Section 1A.
Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.
Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is recognised on the provision of services on a percentage degree of completion basis calculated by reference to the time expended compared to the total anticipated time.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land & buildings
2% on cost
Plant & machinery
25% on cost
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes any expenditure incurred in bringing the stock to its present location and condition. A "first in first out" basis is used.
Pension costs and other retirement benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable for the period by the company to the fund.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Herons Bonsai Limited
Notes to the Accounts
for the year ended 31 October 2023
3
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 November 2022
580,997
178,219
759,216
Additions
26,409
12,334
38,743
At 31 October 2023
607,406
190,553
797,959
At 1 November 2022
140,231
171,032
311,263
Charge for the year
11,149
6,900
18,049
At 31 October 2023
151,380
177,932
329,312
At 31 October 2023
456,026
12,621
468,647
At 31 October 2022
440,766
7,187
447,953
Amounts falling due within one year
Other debtors
34,451
39,846
5
Investments held as current assets
2023
2022
Listed investments
25,000
25,000
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
27,999
15,353
Taxes and social security
38,685
40,454
Other creditors
2,935
2,467
Loans from directors
16,684
6,775
7
Average number of employees
During the year the average number of employees was 9 (2022: 9).