IRIS Accounts Production v24.2.0.383 09212061 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false false true false Ordinary 1.00000 Ordinary "B" 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh092120612022-11-30092120612023-11-30092120612022-12-012023-11-30092120612021-11-30092120612021-12-012022-11-30092120612022-11-3009212061ns15:EnglandWales2022-12-012023-11-3009212061ns14:PoundSterling2022-12-012023-11-3009212061ns10:Director12022-12-012023-11-3009212061ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3009212061ns10:SmallEntities2022-12-012023-11-3009212061ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3009212061ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3009212061ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3009212061ns10:FullAccounts2022-12-012023-11-300921206112022-12-012023-11-3009212061ns10:OrdinaryShareClass12022-12-012023-11-3009212061ns10:OrdinaryShareClass22022-12-012023-11-3009212061ns10:Director22022-12-012023-11-3009212061ns10:Director32022-12-012023-11-3009212061ns10:RegisteredOffice2022-12-012023-11-3009212061ns5:CurrentFinancialInstruments2023-11-3009212061ns5:CurrentFinancialInstruments2022-11-3009212061ns5:Non-currentFinancialInstruments2023-11-3009212061ns5:Non-currentFinancialInstruments2022-11-3009212061ns5:ShareCapital2023-11-3009212061ns5:ShareCapital2022-11-3009212061ns5:RetainedEarningsAccumulatedLosses2023-11-3009212061ns5:RetainedEarningsAccumulatedLosses2022-11-3009212061ns5:NetGoodwill2022-12-012023-11-3009212061ns5:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3009212061ns5:FurnitureFittings2022-12-012023-11-3009212061ns5:ComputerEquipment2022-12-012023-11-3009212061ns5:NetGoodwill2022-11-3009212061ns5:NetGoodwill2023-11-3009212061ns5:NetGoodwill2022-11-3009212061ns5:PlantMachinery2022-11-3009212061ns5:PlantMachinery2022-12-012023-11-3009212061ns5:PlantMachinery2023-11-3009212061ns5:PlantMachinery2022-11-3009212061ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3009212061ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3009212061ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-11-3009212061ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-11-3009212061ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-11-3009212061ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-11-3009212061ns10:OrdinaryShareClass12023-11-3009212061ns10:OrdinaryShareClass22023-11-3009212061ns10:Director222022-11-3009212061ns10:Director222021-11-3009212061ns10:Director222022-12-012023-11-3009212061ns10:Director222021-12-012022-11-3009212061ns10:Director222023-11-3009212061ns10:Director222022-11-30092120611ns10:Director12022-11-30092120611ns10:Director12021-11-30092120611ns10:Director12022-12-012023-11-30092120611ns10:Director12021-12-012022-11-30092120611ns10:Director12023-11-30092120611ns10:Director12022-11-30
REGISTERED NUMBER: 09212061 (England and Wales)















BONEHILLWHITE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023






BONEHILLWHITE LIMITED (REGISTERED NUMBER: 09212061)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BONEHILLWHITE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mrs DK McMahon
Mrs R B K Evans
Dr J B McMahon





REGISTERED OFFICE: Park House
68a New Penkridge Road
Cannock
Staffordshire
WS11 1HW





REGISTERED NUMBER: 09212061 (England and Wales)

BONEHILLWHITE LIMITED (REGISTERED NUMBER: 09212061)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 5,062 10,128
Tangible assets 5 19,435 21,872
24,497 32,000

CURRENT ASSETS
Stocks 138,185 100,573
Debtors 6 93,438 88,214
Cash at bank and in hand 16,072 20,855
247,695 209,642
CREDITORS
Amounts falling due within one year 7 (119,232 ) (94,394 )
NET CURRENT ASSETS 128,463 115,248
TOTAL ASSETS LESS CURRENT LIABILITIES 152,960 147,248

CREDITORS
Amounts falling due after more than one
year

8

(112,195

)

(122,718

)

PROVISIONS FOR LIABILITIES (4,858 ) (4,811 )
NET ASSETS 35,907 19,719

CAPITAL AND RESERVES
Called up share capital 9 250 250
Retained earnings 35,657 19,469
SHAREHOLDERS' FUNDS 35,907 19,719

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BONEHILLWHITE LIMITED (REGISTERED NUMBER: 09212061)

BALANCE SHEET - continued
30 NOVEMBER 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





Mrs DK McMahon - Director


BONEHILLWHITE LIMITED (REGISTERED NUMBER: 09212061)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Bonehillwhite 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods
Turnover from the sale of bridal gowns is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on completion of the order.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - Straight line over 3 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.


BONEHILLWHITE LIMITED (REGISTERED NUMBER: 09212061)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

Leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 50,656
AMORTISATION
At 1 December 2022 40,528
Charge for year 5,066
At 30 November 2023 45,594
NET BOOK VALUE
At 30 November 2023 5,062
At 30 November 2022 10,128

BONEHILLWHITE LIMITED (REGISTERED NUMBER: 09212061)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 53,601
Additions 4,428
At 30 November 2023 58,029
DEPRECIATION
At 1 December 2022 31,729
Charge for year 6,865
At 30 November 2023 38,594
NET BOOK VALUE
At 30 November 2023 19,435
At 30 November 2022 21,872

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 55,025 70,911
Directors' loan accounts 38,098 16,923
Prepayments 315 380
93,438 88,214

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,119 9,870
Trade creditors 74,165 53,883
Tax 24,498 17,360
VAT 7,573 10,811
Accruals and deferred income 2,877 2,470
119,232 94,394

BONEHILLWHITE LIMITED (REGISTERED NUMBER: 09212061)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 15,661 10,119
Bank loans - 2-5 years - 15,661
Directors' loan accounts 96,534 96,938
112,195 122,718

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
150 Ordinary £1 150 150
100 Ordinary "B" £1 100 100
250 250

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Mrs R B K Evans
Balance outstanding at start of year 16,923 -
Amounts advanced 55,603 35,532
Amounts repaid (34,830 ) (18,609 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 37,696 16,923

Mrs DK McMahon
Balance outstanding at start of year - -
Amounts advanced 402 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 402 -

Beneficial loan interest has been charged at a the HMRC advisory rate of 2% up to March 2023 and 2.25% thereafter. The loans have been repaid in full year within nine months of the year end.