IRIS Accounts Production v24.3.0.553 SC247154 director 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2471542023-03-31SC2471542024-03-31SC2471542023-04-012024-03-31SC2471542022-03-31SC2471542022-04-012023-03-31SC2471542023-03-31SC247154ns15:Scotland2023-04-012024-03-31SC247154ns14:PoundSterling2023-04-012024-03-31SC247154ns10:Director12023-04-012024-03-31SC247154ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC247154ns10:SmallEntities2023-04-012024-03-31SC247154ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC247154ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC247154ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC247154ns10:FullAccounts2023-04-012024-03-31SC24715412023-04-012024-03-31SC247154ns10:CompanySecretary12023-04-012024-03-31SC247154ns10:RegisteredOffice2023-04-012024-03-31SC247154ns5:CurrentFinancialInstruments2024-03-31SC247154ns5:CurrentFinancialInstruments2023-03-31SC247154ns5:ShareCapital2024-03-31SC247154ns5:ShareCapital2023-03-31SC247154ns5:CapitalRedemptionReserve2024-03-31SC247154ns5:CapitalRedemptionReserve2023-03-31SC247154ns5:RetainedEarningsAccumulatedLosses2024-03-31SC247154ns5:RetainedEarningsAccumulatedLosses2023-03-31SC247154ns5:NetGoodwill2023-04-012024-03-31SC247154ns5:LeaseholdImprovements2023-04-012024-03-31SC247154ns5:PlantMachinery2023-04-012024-03-31SC247154ns5:MotorVehicles2023-04-012024-03-31SC247154ns5:ComputerEquipment2023-04-012024-03-31SC247154ns5:NetGoodwill2023-03-31SC247154ns5:NetGoodwill2024-03-31SC247154ns5:NetGoodwill2023-03-31SC247154ns5:LeaseholdImprovements2023-03-31SC247154ns5:PlantMachinery2023-03-31SC247154ns5:MotorVehicles2023-03-31SC247154ns5:ComputerEquipment2023-03-31SC247154ns5:LeaseholdImprovements2024-03-31SC247154ns5:PlantMachinery2024-03-31SC247154ns5:MotorVehicles2024-03-31SC247154ns5:ComputerEquipment2024-03-31SC247154ns5:LeaseholdImprovements2023-03-31SC247154ns5:PlantMachinery2023-03-31SC247154ns5:MotorVehicles2023-03-31SC247154ns5:ComputerEquipment2023-03-31SC247154ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31SC247154ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31SC247154ns5:WithinOneYear2024-03-31SC247154ns5:WithinOneYear2023-03-31SC247154ns5:BetweenOneFiveYears2024-03-31SC247154ns5:BetweenOneFiveYears2023-03-31SC247154ns5:AllPeriods2024-03-31SC247154ns5:AllPeriods2023-03-31SC247154ns5:DeferredTaxation2023-03-31SC247154ns5:DeferredTaxation2023-04-012024-03-31SC247154ns5:DeferredTaxation2024-03-31
REGISTERED NUMBER: SC247154 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BONNINGTON'S LIMITED

BONNINGTON'S LIMITED (REGISTERED NUMBER: SC247154)






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


BONNINGTON'S LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTOR: D Bonnington





SECRETARY: D Bonnington





REGISTERED OFFICE: Q Court
3 Quality Street
Edinburgh
EH4 5BP





REGISTERED NUMBER: SC247154 (Scotland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Q Court
3 Quality Street
Edinburgh
EH4 5BP

BONNINGTON'S LIMITED (REGISTERED NUMBER: SC247154)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,833 8,043
7,833 8,043

CURRENT ASSETS
Stocks 7,200 7,200
Debtors 6 64,971 11,931
Cash at bank 477,529 398,115
549,700 417,246
CREDITORS
Amounts falling due within one year 7 101,770 101,519
NET CURRENT ASSETS 447,930 315,727
TOTAL ASSETS LESS CURRENT
LIABILITIES

455,763

323,770

PROVISIONS FOR LIABILITIES 9 1,854 2,000
NET ASSETS 453,909 321,770

CAPITAL AND RESERVES
Called up share capital 3 3
Capital redemption reserve 3 3
Retained earnings 453,903 321,764
SHAREHOLDERS' FUNDS 453,909 321,770

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 his 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.

BONNINGTON'S LIMITED (REGISTERED NUMBER: SC247154)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2024 and were signed by:





D Bonnington - Director


BONNINGTON'S LIMITED (REGISTERED NUMBER: SC247154)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Bonnington's Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

TURNOVER
Turnover represents the net value of invoiced work done, excluding value added tax, relating to the manufacture and installation of replacement doors and windows.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been amortised evenly over its estimated useful life of ten years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 10% per annum on cost
Plant and machinery - 15% per annum reducing balance
Motor vehicles - 25% per annum reducing balance
Computer equipment - 33% per annum reducing balance

The carrying values of tangible fixed assets are reviewed for impairment on an annual basis.

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

BONNINGTON'S LIMITED (REGISTERED NUMBER: SC247154)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Short-term debt instruments, including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

HIRE PURCHASE AND LEASING COMMITMENTS
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 10 (2023 - 11 ) .

BONNINGTON'S LIMITED (REGISTERED NUMBER: SC247154)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 20,000
AMORTISATION
At 1 April 2023
and 31 March 2024 20,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 6,294 18,229 15,513 1,841 41,877
Additions - 1,488 - - 1,488
At 31 March 2024 6,294 19,717 15,513 1,841 43,365
DEPRECIATION
At 1 April 2023 5,795 14,042 12,752 1,245 33,834
Charge for year 83 767 690 158 1,698
At 31 March 2024 5,878 14,809 13,442 1,403 35,532
NET BOOK VALUE
At 31 March 2024 416 4,908 2,071 438 7,833
At 31 March 2023 499 4,187 2,761 596 8,043

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 64,336 9,939
Other debtors 635 1,992
64,971 11,931

BONNINGTON'S LIMITED (REGISTERED NUMBER: SC247154)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,405 1,850
Taxation and social security 81,005 52,593
Other creditors 12,360 47,076
101,770 101,519

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 17,150 2,333
Between one and five years 18,579 -
35,729 2,333

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,854 2,000

Deferred
tax
£   
Balance at 1 April 2023 2,000
Credit to Statement of Income and Retained Earnings during year (146 )
Balance at 31 March 2024 1,854