Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 SC091522 Mr Stephen Allam Mr Hugh Rogers Mr Graeme Grant Ms Lai Howie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC091522 2023-02-28 SC091522 2024-02-29 SC091522 2023-03-01 2024-02-29 SC091522 frs-core:CurrentFinancialInstruments 2024-02-29 SC091522 frs-core:Non-currentFinancialInstruments 2024-02-29 SC091522 frs-core:BetweenOneFiveYears 2024-02-29 SC091522 frs-core:FurnitureFittings 2024-02-29 SC091522 frs-core:FurnitureFittings 2023-03-01 2024-02-29 SC091522 frs-core:FurnitureFittings 2023-02-28 SC091522 frs-core:NetGoodwill 2024-02-29 SC091522 frs-core:NetGoodwill 2023-03-01 2024-02-29 SC091522 frs-core:NetGoodwill 2023-02-28 SC091522 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-29 SC091522 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-29 SC091522 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 SC091522 frs-core:MotorVehicles 2024-02-29 SC091522 frs-core:MotorVehicles 2023-03-01 2024-02-29 SC091522 frs-core:MotorVehicles 2023-02-28 SC091522 frs-core:OtherResidualIntangibleAssets 2024-02-29 SC091522 frs-core:OtherResidualIntangibleAssets 2023-03-01 2024-02-29 SC091522 frs-core:OtherResidualIntangibleAssets 2023-02-28 SC091522 frs-core:PlantMachinery 2024-02-29 SC091522 frs-core:PlantMachinery 2023-03-01 2024-02-29 SC091522 frs-core:PlantMachinery 2023-02-28 SC091522 frs-core:WithinOneYear 2024-02-29 SC091522 frs-core:CapitalRedemptionReserve 2024-02-29 SC091522 frs-core:OtherReservesSubtotal 2024-02-29 SC091522 frs-core:SharePremium 2024-02-29 SC091522 frs-core:ShareCapital 2024-02-29 SC091522 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 SC091522 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC091522 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 SC091522 frs-bus:SmallEntities 2023-03-01 2024-02-29 SC091522 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC091522 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 SC091522 frs-bus:Director1 2023-03-01 2024-02-29 SC091522 frs-bus:Director2 2023-03-01 2024-02-29 SC091522 frs-bus:Director3 2023-03-01 2024-02-29 SC091522 frs-bus:Director4 2023-03-01 2024-02-29 SC091522 frs-countries:Scotland 2023-03-01 2024-02-29 SC091522 2022-02-28 SC091522 2023-02-28 SC091522 2022-03-01 2023-02-28 SC091522 frs-core:CurrentFinancialInstruments 2023-02-28 SC091522 frs-core:Non-currentFinancialInstruments 2023-02-28 SC091522 frs-core:BetweenOneFiveYears 2023-02-28 SC091522 frs-core:WithinOneYear 2023-02-28 SC091522 frs-core:CapitalRedemptionReserve 2023-02-28 SC091522 frs-core:OtherReservesSubtotal 2023-02-28 SC091522 frs-core:SharePremium 2023-02-28 SC091522 frs-core:ShareCapital 2023-02-28 SC091522 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: SC091522
T.R. Bonnyman, Son & Company Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
J Bruce Andrew & Co Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC091522
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 6,218 9,326
Tangible Assets 5 387,911 450,901
394,129 460,227
CURRENT ASSETS
Stocks 6 931,647 1,023,509
Debtors 7 815,566 1,093,700
Cash at bank and in hand 572,007 569,172
2,319,220 2,686,381
Creditors: Amounts Falling Due Within One Year 8 (553,934 ) (966,495 )
NET CURRENT ASSETS (LIABILITIES) 1,765,286 1,719,886
TOTAL ASSETS LESS CURRENT LIABILITIES 2,159,415 2,180,113
Creditors: Amounts Falling Due After More Than One Year 9 (124,129 ) (176,609 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (18,327 ) (18,327 )
NET ASSETS 2,016,959 1,985,177
CAPITAL AND RESERVES
Called up share capital 11 99 99
Share premium account 98,669 98,669
Capital redemption reserve 20 20
Other reserves 24,716 24,716
Profit and Loss Account 1,893,455 1,861,673
SHAREHOLDERS' FUNDS 2,016,959 1,985,177
Page 1
Page 2
For the year ending 29 February 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Stephen Allam
Director
21/05/2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
T.R. Bonnyman, Son & Company Limited is a private company, limited by shares, incorporated in Scotland, registered number SC091522 . The registered office is 21 Forbes Place, Paisley, PA1 1UT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold
Plant & Machinery 15% Reducing balance
Motor Vehicles 20% Reducing balance
Fixtures & Fittings 15% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. 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 years 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 assets reflect 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 4 4
Sales, marketing and distribution 2 2
Manufacturing 27 27
33 33
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 March 2023 135,000 31,083 166,083
As at 29 February 2024 135,000 31,083 166,083
Amortisation
As at 1 March 2023 135,000 21,757 156,757
Provided during the period - 3,108 3,108
As at 29 February 2024 135,000 24,865 159,865
Net Book Value
As at 29 February 2024 - 6,218 6,218
As at 1 March 2023 - 9,326 9,326
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 March 2023 411,489 456,812 265,403 89,572 1,223,276
Additions - 20,384 - - 20,384
As at 29 February 2024 411,489 477,196 265,403 89,572 1,243,660
Depreciation
As at 1 March 2023 245,944 310,081 141,016 75,334 772,375
Provided during the period 24,000 24,411 32,116 2,847 83,374
As at 29 February 2024 269,944 334,492 173,132 78,181 855,749
Net Book Value
As at 29 February 2024 141,545 142,704 92,271 11,391 387,911
As at 1 March 2023 165,545 146,731 124,387 14,238 450,901
6. Stocks
2024 2023
£ £
Materials 931,647 1,023,509
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 453,079 538,816
Prepayments and accrued income 121,335 120,282
Other debtors 66,741 89,905
Directors' loan accounts 174,411 344,697
815,566 1,093,700
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 12,479 12,479
Trade creditors 410,885 822,030
Corporation tax - 22,323
Other taxes and social security 90,762 73,943
Other creditors 39,808 35,720
553,934 966,495
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 40,796 53,276
Bank loans 83,333 123,333
124,129 176,609
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 12,479 12,479
Later than one year and not later than five years 40,796 53,276
53,275 65,755
53,275 65,755
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 99 99
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