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REGISTERED NUMBER: SC656822 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Bon Law Ltd

Bon Law Ltd (Registered number: SC656822)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bon Law Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: N J Bon





SECRETARY: Mrs L A Wallace





REGISTERED OFFICE: 44 Biggar Road
Edinburgh
EH10 7BJ





REGISTERED NUMBER: SC656822 (Scotland)





ACCOUNTANTS: J S Accounting Services Limited
13-15 Morningside Drive
EDINBURGH
EH10 5LZ

Bon Law Ltd (Registered number: SC656822)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,367 679
Investments 5 98,000 79,500
100,367 80,179

CURRENT ASSETS
Debtors 6 28,275 20,055
Cash at bank and in hand 201,041 51,325
229,316 71,380
CREDITORS
Amounts falling due within one year 7 109,177 35,832
NET CURRENT ASSETS 120,139 35,548
TOTAL ASSETS LESS CURRENT
LIABILITIES

220,506

115,727

CREDITORS
Amounts falling due after more than one
year

8

16,673

22,586
NET ASSETS 203,833 93,141

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 203,832 93,140
203,833 93,141

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

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

Bon Law Ltd (Registered number: SC656822)

Balance Sheet - continued
31 July 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 director and authorised for issue on 18 April 2024 and were signed by:





N J Bon - Director


Bon Law Ltd (Registered number: SC656822)

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

1. STATUTORY INFORMATION

Bon Law Ltd 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 as modified by the revaluation of certain assets.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 3 ) .

Bon Law Ltd (Registered number: SC656822)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 1,339
Additions 2,690
At 31 July 2023 4,029
DEPRECIATION
At 1 August 2022 660
Charge for year 1,002
At 31 July 2023 1,662
NET BOOK VALUE
At 31 July 2023 2,367
At 31 July 2022 679

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 August 2022 79,500
Additions 18,500
At 31 July 2023 98,000
NET BOOK VALUE
At 31 July 2023 98,000
At 31 July 2022 79,500

Cost or valuation at 31 July 2023 is represented by:

Other
investments
£   
Valuation in 2023 98,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 28,171 19,951
Other debtors 104 104
28,275 20,055

Bon Law Ltd (Registered number: SC656822)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 2,050 -
Taxation and social security 86,901 33,432
Other creditors 20,226 2,400
109,177 35,832

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Other creditors 16,673 22,586

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Mr Bon paid expenses on behalf of the company of £1,200. He was paid dividends of £34,350.