Registered number
09889470
Bond & Sherwill Ltd
Filleted Accounts
30 November 2023
Bond & Sherwill Ltd
Registered number: 09889470
Directors' Report
The directors present their report and accounts for the year ended 30 November 2023.
Principal activities
The company's principal activity during the year continued to be estate agent services
Directors
The following persons served as directors during the year:
Lee Harding
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 15 August 2024 and signed on its behalf.
Lee Harding
Director
Bond & Sherwill Ltd
Registered number: 09889470
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 32,400 43,199
Tangible assets 4 4,775 7,224
37,175 50,423
Current assets
Debtors 5 3,251 2,583
Cash at bank and in hand 469,825 459,233
473,076 461,816
Creditors: amounts falling due within one year 6 (280,412) (252,515)
Net current assets 192,664 209,301
Total assets less current liabilities 229,839 259,724
Provisions for liabilities (907) (1,473)
Net assets 228,932 258,251
Capital and reserves
Called up share capital 100 100
Profit and loss account 228,832 258,151
Shareholders' funds 228,932 258,251
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Lee Harding
Director
Approved by the board on 15 August 2024
Bond & Sherwill Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2022 107,993
At 30 November 2023 107,993
Amortisation
At 1 December 2022 64,794
Provided during the year 10,799
At 30 November 2023 75,593
Net book value
At 30 November 2023 32,400
At 30 November 2022 43,199
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 14,072
At 30 November 2023 14,072
Depreciation
At 1 December 2022 6,848
Charge for the year 2,449
At 30 November 2023 9,297
Net book value
At 30 November 2023 4,775
At 30 November 2022 7,224
5 Debtors 2023 2022
£ £
Trade debtors 2,507 480
Other debtors 744 2,103
3,251 2,583
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 4,083 4,862
Taxation and social security costs 47,007 45,823
Other creditors 229,322 201,830
280,412 252,515
7 Controlling party
The company is controlled by the sole director and shareholder by virtue of his sole ownership of shares.
8 Other information
Bond & Sherwill Ltd is a private company limited by shares and incorporated in England. Its registered office is:
134 Brighton Rd
Coulsdon
Surrey
CR5 2ND
Bond & Sherwill Ltd 09889470 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts April 2024 09889470 2021-12-01 2022-11-30 09889470 core:WithinOneYear 2022-11-30 09889470 core:ShareCapital 2022-11-30 09889470 core:RetainedEarningsAccumulatedLosses 2022-11-30 09889470 2022-12-01 2023-11-30 09889470 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 09889470 bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 09889470 bus:Director1 2022-12-01 2023-11-30 09889470 1 2022-12-01 2023-11-30 09889470 2 2022-12-01 2023-11-30 09889470 core:Goodwill 2022-12-01 2023-11-30 09889470 core:PlantMachinery 2022-12-01 2023-11-30 09889470 countries:England 2022-12-01 2023-11-30 09889470 bus:FRS102 2022-12-01 2023-11-30 09889470 bus:FilletedAccounts 2022-12-01 2023-11-30 09889470 2023-11-30 09889470 core:WithinOneYear 2023-11-30 09889470 core:ShareCapital 2023-11-30 09889470 core:RetainedEarningsAccumulatedLosses 2023-11-30 09889470 core:Goodwill 2023-11-30 09889470 core:PlantMachinery 2023-11-30 09889470 2022-11-30 09889470 core:Goodwill 2022-11-30 09889470 core:PlantMachinery 2022-11-30 iso4217:GBP xbrli:pure