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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
Page
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Herons Bonsai Limited Company Information for the year ended 31 October 2023
Directors
P Chan A Chan
Company Number
02173570 (England and Wales)
Registered Office
WIRE MILL LANE NEWCHAPEL LINGFIELD SURREY RH7 6HJ
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Herons Bonsai Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
468,647 
447,953 
Current assets
Inventories
299,000 
197,000 
Debtors
66,451 
39,846 
Investments
25,000 
25,000 
Cash at bank and in hand
324,380 
426,011 
714,831 
687,857 
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 
Capital and reserves
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
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Herons Bonsai Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
2
Accounting policies
Accounting convention
These financial statements comply with Financial Reporting Standard 102 Section 1A.
Revenue
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.
Tangible assets
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
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 taxation
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.
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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 
Depreciation
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 
Net book value
At 31 October 2023
456,026 
12,621 
468,647 
At 31 October 2022
440,766 
7,187 
447,953 
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
32,000 
- 
Other debtors
34,451 
39,846 
66,451 
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 
86,303 
65,049 
7
Average number of employees
During the year the average number of employees was 9 (2022: 9).
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