Bon Bon (Birmingham) Limited |
Registered Number:06060525 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
Bon Bon (Birmingham) Limited
Statement of Financial Position
2023
2024
60,000
60,000
2
Property, plant and equipment |
40,936
19,639
3
100,936
79,639
4,220
4,900
4
Trade and other receivables |
55,516
60,567
5
25,096
Cash and cash equivalents |
35,155
100,622
84,832
Trade and other payables: amounts falling due within one |
year |
(27,792)
(59,991)
6
57,040
40,631
Net current assets
Total assets less current liabilities |
141,567
136,679
Trade and other payables: amounts falling due after more |
than one year |
(35,713)
(30,744)
7
(5,835)
(289)
Provisions for liabilities |
104,988
Net assets
100,677
2
2
104,986
100,675
104,988
100,677
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 March 2024
Bon Bon (Birmingham) Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 10 October 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2024
Bon Bon (Birmingham) Limited
Notes to the Financial Statements
Statutory Information
Bon Bon (Birmingham) Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 06060525. |
3 New Market Street
Birmingham
B3 2NH
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
The directors value the goodwill on an annual basis to ensure the value reported in the accounts is in line with the original cost or the directors' current valuation. Should there be an impairment then this will be written off and charged to the profit and loss account in the appropriate year. In this respect the accounts do not comply with FRS102. The directors considered that goodwill is reasaonably stated and further impairment is not required in the current year with turnover having stabilised since Covid. |
Property, plant and equipment
Tangible fixed assets are stated at cost or valuation less depreciation . Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Leasehold costs
Motor vehicles
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 March 2024
Bon Bon (Birmingham) Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
124,999
124,999
64,999
64,999
60,000
60,000
3. Property, plant and equipment |
Motor vehicles
74,771
66,021
8,750
28,704
28,704
-
8,750
94,725
103,475
Provision for depreciation and impairment |
55,132
47,939
7,193
Charge for year
7,407
7,018
389
62,539
54,957
7,582
1,168
39,768
40,936
1,557
18,082
19,639
2023
2024
4,900
4,220
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For the year ended 31 March 2024
Bon Bon (Birmingham) Limited
Notes to the Financial Statements Continued
5. Trade and other receivables |
2023
2024
60,000
55,000
Prepayments and accrued income |
567
516
55,516
60,567
6. Trade and other payables: amounts falling due within one year |
2023
2024
6,983
7,111
21,379
38
Taxation and social security |
25,280
8,226
Accruals and deferred income |
2,874
4,441
1,272
7,976
2,203
-
59,991
27,792
7. Trade and other payables: amounts falling due after more than one year |
2023
2024
30,744
35,713
8. Related party transactions |
The ultimate controlling parties during the year were John Wilson & Alban Mustafa , directors , whom control the |
company by virtue of each owning 50% of the share capital. |
9. Average number of persons employed |
During the year the average number of employees was 11 (2023 : 12)
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