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REGISTERED NUMBER: SC443154 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Bon Bon (Peterhead) Ltd

Bon Bon (Peterhead) Ltd (Registered number: SC443154)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bon Bon (Peterhead) Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Ms F S Chalmers





REGISTERED OFFICE: 44 Cowie Crescent
St. Fergus
Peterhead
Aberdeenshire
AB42 3EZ





REGISTERED NUMBER: SC443154 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

Bon Bon (Peterhead) Ltd (Registered number: SC443154)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,027 176,331
Investment property 5 150,000 -
175,027 176,331

CURRENT ASSETS
Stocks 32,000 30,000
Debtors 6 3,986 2,552
Cash at bank and in hand 32,319 50,107
68,305 82,659
CREDITORS
Amounts falling due within one year 7 99,123 45,808
NET CURRENT (LIABILITIES)/ASSETS (30,818 ) 36,851
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,209

213,182

CREDITORS
Amounts falling due after more than one
year

8

(50,421

)

(96,691

)

PROVISIONS FOR LIABILITIES (4,613 ) (2,233 )
NET ASSETS 89,175 114,258

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 10 (21,633 ) -
Retained earnings 10 110,807 114,257
89,175 114,258

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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 director acknowledges her 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.

Bon Bon (Peterhead) Ltd (Registered number: SC443154)

Balance Sheet - continued
31 March 2024


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 22 October 2024 and were signed by:





Ms F S Chalmers - Director


Bon Bon (Peterhead) Ltd (Registered number: SC443154)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Bon Bon (Peterhead) Ltd is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover represents the amounts (excluding value added tax) derived from the sale of goods to customers. Revenue is recognised at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Tenants improvements - 15% on reducing balance
Plant and machinery - 20% on cost
Motor vehicles - 25% on reducing balance

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Bon Bon (Peterhead) Ltd (Registered number: SC443154)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Freehold Tenants Plant and Motor
property improvements machinery vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 190,657 3,277 22,196 - 216,130
Additions - - 1,800 21,750 23,550
Reclassification/transfer (190,657 ) - - - (190,657 )
At 31 March 2024 - 3,277 23,996 21,750 49,023
DEPRECIATION
At 1 April 2023 19,024 2,296 18,479 - 39,799
Charge for year - 147 2,034 1,040 3,221
Reclassification/transfer (19,024 ) - - - (19,024 )
At 31 March 2024 - 2,443 20,513 1,040 23,996
NET BOOK VALUE
At 31 March 2024 - 834 3,483 20,710 25,027
At 31 March 2023 171,633 981 3,717 - 176,331

Bon Bon (Peterhead) Ltd (Registered number: SC443154)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 21,750
At 31 March 2024 21,750
DEPRECIATION
Charge for year 1,040
At 31 March 2024 1,040
NET BOOK VALUE
At 31 March 2024 20,710

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Revaluations (40,657 )
Reclassification/transfer 190,657
At 31 March 2024 150,000
NET BOOK VALUE
At 31 March 2024 150,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 (40,657 )
Cost 190,657
150,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 3,986 2,552

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 32,497 14,211
Hire purchase contracts 6,667 -
Trade creditors 1,935 6,620
Taxation and social security 3,625 18,312
Other creditors 54,399 6,665
99,123 45,808

Bon Bon (Peterhead) Ltd (Registered number: SC443154)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 38,198 96,691
Hire purchase contracts 12,223 -
50,421 96,691

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 26,019

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 70,695 110,902

Bank borrowings are secured by means of a standard security over the company's property at 25 South Street, Mintlaw and a floating charge over the company's property, assets and rights.

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 114,257 - 114,257
Profit for the year 9,917 9,917
Dividends (35,000 ) (35,000 )
Fair value reserve 21,633 (21,633 ) -
At 31 March 2024 110,807 (21,633 ) 89,174