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REGISTERED NUMBER: 02859824 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

BONUSCOVER LIMITED

BONUSCOVER LIMITED (REGISTERED NUMBER: 02859824)






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


BONUSCOVER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: G GREALIS





REGISTERED OFFICE: 27A Green Lane
Northwood
Middlesex
HA6 2PX





REGISTERED NUMBER: 02859824 (England and Wales)





ACCOUNTANTS: Shah and Shin
27A Green Lane
Northwood, Middlesex
HA6 2PX

BONUSCOVER LIMITED (REGISTERED NUMBER: 02859824)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 604,347 604,347

CURRENT ASSETS
Debtors 5 332,613 285,751
Cash at bank 46,128 35,311
378,741 321,062
CREDITORS
Amounts falling due within one year 6 44,674 41,144
NET CURRENT ASSETS 334,067 279,918
TOTAL ASSETS LESS CURRENT
LIABILITIES

938,414

884,265

CREDITORS
Amounts falling due after more than one
year

7

(12,000

)

(16,000

)

PROVISIONS FOR LIABILITIES (116,128 ) (116,128 )
NET ASSETS 810,286 752,137

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 810,284 752,135
SHAREHOLDERS' FUNDS 810,286 752,137

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.

BONUSCOVER LIMITED (REGISTERED NUMBER: 02859824)

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 31 July 2024 and were signed by:





G GREALIS - Director


BONUSCOVER LIMITED (REGISTERED NUMBER: 02859824)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

BONUSCOVER 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 as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 2 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 604,347
NET BOOK VALUE
At 31 July 2023 604,347
At 31 July 2022 604,347

BONUSCOVER LIMITED (REGISTERED NUMBER: 02859824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. INVESTMENT PROPERTY - continued

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2014 445,794
Cost 158,553
604,347

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 158,553 158,553

The investment property was valued on an open market value basis on 31 July 2023 by the director. .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 13,055 13,055
Other debtors 319,558 272,696
332,613 285,751

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 21,568 19,964
Other creditors 23,106 21,180
44,674 41,144

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 12,000 16,000

8. ULTIMATE CONTROLLING PARTY

The controlling party is Spearbond Limited.