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REGISTERED NUMBER: 03216636 (England and Wales)















Bonsor Penningtons Limited

Unaudited Financial Statements for the Year Ended 31st March 2024






Bonsor Penningtons Limited (Registered number: 03216636)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bonsor Penningtons Limited

Company Information
for the year ended 31st March 2024







DIRECTOR: A T Pollard



REGISTERED OFFICE: Warwick Lodge
75-77, Old London Road
Kingston upon Thames
Surrey
KT2 6ND



REGISTERED NUMBER: 03216636 (England and Wales)



ACCOUNTANTS: The Decimal Place
8 Blandfield Road
London
SW12 8BG



BANKERS: Barclays
6, Clarence Street
Kingston upon Thames
Surrey
KT1 1NY

Bonsor Penningtons Limited (Registered number: 03216636)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 3 3
4 4

CURRENT ASSETS
Stocks 6 109,500 69,278
Debtors 7 12,870 142,489
Cash at bank and in hand 1,499 1,990
123,869 213,757
CREDITORS
Amounts falling due within one
year

8

101,296

181,683
NET CURRENT ASSETS 22,573 32,074
TOTAL ASSETS LESS
CURRENT LIABILITIES

22,577

32,078

CREDITORS
Amounts falling due after more
than one year

9

22,500

31,727
NET ASSETS 77 351

Bonsor Penningtons Limited (Registered number: 03216636)

Balance Sheet - continued
31st March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 10 27 301
SHAREHOLDERS' FUNDS 77 351

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

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 7th October 2024 and were signed by:





A T Pollard - Director


Bonsor Penningtons Limited (Registered number: 03216636)

Notes to the Financial Statements
for the year ended 31st March 2024

1. STATUTORY INFORMATION

Bonsor Penningtons Limited is a private company, limited by shares , registered in England and Wales. 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.

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 is the value of work completed in the year and is stated net of VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1997, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - in accordance with the property
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


Bonsor Penningtons Limited (Registered number: 03216636)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

2. ACCOUNTING POLICIES - continued
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.

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 5 (2023 - 5 ) .

Bonsor Penningtons Limited (Registered number: 03216636)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 25,000
AMORTISATION
At 1st April 2023
and 31st March 2024 24,999
NET BOOK VALUE
At 31st March 2024 1
At 31st March 2023 1

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st April 2023
and 31st March 2024 57,720 51,222 42,565 25,625 177,132
DEPRECIATION
At 1st April 2023
and 31st March 2024 57,719 51,221 42,564 25,625 177,129
NET BOOK VALUE
At 31st March 2024 1 1 1 - 3
At 31st March 2023 1 1 1 - 3

6. STOCKS
2024 2023
£    £   
Work-in-progress 109,500 69,278

Bonsor Penningtons Limited (Registered number: 03216636)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 19,844 15,670
Provision for bad debts (11,294 ) (8,395 )
Prepayments and accrued income 4,320 4,208
12,870 11,483

Amounts falling due after more than one year:
Amounts owed by group undertakings - 131,006

Aggregate amounts 12,870 142,489

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade creditors 19,052 15,723
Tax 26,306 28,512
Social security and other taxes 1,397 1,568
VAT 6,637 7,295
Other creditors 428 -
Directors' current accounts 43,303 123,676
Accruals and deferred income 4,173 4,909
101,296 181,683

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2024 2023
£    £   
Business bounce- back loan 22,500 31,727

Amounts falling due in more than five years:

Repayable by instalments
Business bounce- back loan 22,500 31,727

Bonsor Penningtons Limited (Registered number: 03216636)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

10. RESERVES
Retained
earnings
£   

At 1st April 2023 301
Profit for the year 37,726
Dividends (38,000 )
At 31st March 2024 27

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A T Pollard.