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Company Registration No. 09390371 (England and Wales)
Bon Stoke Ltd Unaudited financial statements for the year ended 31 January 2024
Bon Stoke Ltd Unaudited financial statements Contents
Page
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Bon Stoke Ltd Company Information for the year ended 31 January 2024
Director
Jie Zhang
Company Number
09390371 (England and Wales)
Registered Office
Unit 8, The Hive Intu Potteries Shopping Centre Stoke-On-Trent Staffordshire ST1 5BN United Kingdom
Accountants
Harmony Accountancy Limited Chartered Certified Accountant 124 City Road London EC1V 2NX
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Bon Stoke Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,432 
9,798 
Current assets
Inventories
21,564 
17,900 
Debtors
55,997 
53,410 
Cash at bank and in hand
637,934 
278,984 
715,495 
350,294 
Creditors: amounts falling due within one year
(437,885)
(145,229)
Net current assets
277,610 
205,065 
Total assets less current liabilities
286,042 
214,863 
Provisions for liabilities
Deferred tax
(2,108)
(1,862)
Net assets
283,934 
213,001 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
283,834 
212,901 
Shareholders' funds
283,934 
213,001 
For the year ending 31 January 2024 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 director acknowledges his 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 and authorised for issue on 23 September 2024 and were signed on its behalf by
Jie Zhang Director Company Registration No. 09390371
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Bon Stoke Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Bon Stoke Ltd is a private company, limited by shares, registered in England and Wales, registration number 09390371. The registered office is Unit 8, The Hive, Intu Potteries Shopping Centre, Stoke-On-Trent, Staffordshire, ST1 5BN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on costs
Computer equipment
25% on costs
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Bon Stoke Ltd Notes to the Accounts for the year ended 31 January 2024
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
110,557 
1,073 
111,630 
Additions
4,587 
- 
4,587 
At 31 January 2024
115,144 
1,073 
116,217 
Depreciation
At 1 February 2023
100,759 
1,073 
101,832 
Charge for the year
5,953 
- 
5,953 
At 31 January 2024
106,712 
1,073 
107,785 
Net book value
At 31 January 2024
8,432 
- 
8,432 
At 31 January 2023
9,798 
- 
9,798 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,108 
6,788 
Accrued income and prepayments
42,913 
43,655 
Other debtors
7,976 
2,967 
55,997 
53,410 
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Bon Stoke Ltd Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
77,359 
75,621 
Trade creditors
230,524 
13,051 
Taxes and social security
35,302 
32,632 
Other creditors
47,160 
22,365 
Loans from directors
26,000 
- 
Accruals
21,540 
1,560 
437,885 
145,229 
7
Average number of employees
During the year the average number of employees was 64 (2023: 62).
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