Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 05117434 Mrs Tracey Samuel Mr Gareth Griffiths Mr Lawrence Leung Mr Gareth Griffiths iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05117434 2023-05-31 05117434 2024-05-31 05117434 2023-06-01 2024-05-31 05117434 frs-core:CurrentFinancialInstruments 2024-05-31 05117434 frs-core:Non-currentFinancialInstruments 2024-05-31 05117434 frs-core:ComputerEquipment 2024-05-31 05117434 frs-core:ComputerEquipment 2023-06-01 2024-05-31 05117434 frs-core:ComputerEquipment 2023-05-31 05117434 frs-core:FurnitureFittings 2024-05-31 05117434 frs-core:FurnitureFittings 2023-06-01 2024-05-31 05117434 frs-core:FurnitureFittings 2023-05-31 05117434 frs-core:MotorVehicles 2024-05-31 05117434 frs-core:MotorVehicles 2023-06-01 2024-05-31 05117434 frs-core:MotorVehicles 2023-05-31 05117434 frs-core:PlantMachinery 2024-05-31 05117434 frs-core:PlantMachinery 2023-06-01 2024-05-31 05117434 frs-core:PlantMachinery 2023-05-31 05117434 frs-core:SharePremium 2024-05-31 05117434 frs-core:ShareCapital 2024-05-31 05117434 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 05117434 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 05117434 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 05117434 frs-bus:SmallEntities 2023-06-01 2024-05-31 05117434 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 05117434 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 05117434 frs-bus:Director1 2023-06-01 2024-05-31 05117434 frs-bus:Director2 2023-06-01 2024-05-31 05117434 frs-bus:Director3 2023-06-01 2024-05-31 05117434 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 05117434 frs-countries:EnglandWales 2023-06-01 2024-05-31 05117434 2022-05-31 05117434 2023-05-31 05117434 2022-06-01 2023-05-31 05117434 frs-core:CurrentFinancialInstruments 2023-05-31 05117434 frs-core:Non-currentFinancialInstruments 2023-05-31 05117434 frs-core:SharePremium 2023-05-31 05117434 frs-core:ShareCapital 2023-05-31 05117434 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 05117434
Bonnie Baby Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Badcock Business Solutions Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05117434
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,588 5,234
10,588 5,234
CURRENT ASSETS
Stocks 5 45,370 61,943
Debtors 6 52,052 53,813
Cash at bank and in hand 52,345 115,637
149,767 231,393
Creditors: Amounts Falling Due Within One Year 7 (65,578 ) (70,486 )
NET CURRENT ASSETS (LIABILITIES) 84,189 160,907
TOTAL ASSETS LESS CURRENT LIABILITIES 94,777 166,141
Creditors: Amounts Falling Due After More Than One Year 8 (467,685 ) (489,182 )
NET LIABILITIES (372,908 ) (323,041 )
CAPITAL AND RESERVES
Called up share capital 9 1,389 1,389
Share premium account 249,611 249,611
Profit and Loss Account (623,908 ) (574,041 )
SHAREHOLDERS' FUNDS (372,908) (323,041)
Page 1
Page 2
For the year ending 31 May 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 Gareth Griffiths
Director
20/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bonnie Baby Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05117434 . The registered office is 4 Prince William Close, Worthing, West Sussex, BN14 0AZ.
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:
Plant & Machinery 20% on cost
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 20% on cost
Computer Equipment 33% on cost
2.4. 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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 1,703 6,183 21,102 29,959 58,947
Additions - - 5,309 2,500 7,809
As at 31 May 2024 1,703 6,183 26,411 32,459 66,756
Depreciation
As at 1 June 2023 1,703 6,080 17,875 28,055 53,713
Provided during the period - 26 646 1,783 2,455
As at 31 May 2024 1,703 6,106 18,521 29,838 56,168
Net Book Value
As at 31 May 2024 - 77 7,890 2,621 10,588
As at 1 June 2023 - 103 3,227 1,904 5,234
5. Stocks
2024 2023
£ £
Stock of clothing 45,370 61,943
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 32,995 33,032
Prepayments and accrued income 17,912 20,358
VAT 1,145 423
52,052 53,813
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 21,548 19,882
Bank loans and overdrafts 12,546 8,948
PAYE/NIC 1,089 1,303
Pensions 410 423
Accruals and deferred income 2,200 5,800
Directors' loan accounts 11 23
Customer deposits 27,774 34,107
65,578 70,486
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Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Trade creditors 447,726 460,135
Bank loans 19,959 29,047
467,685 489,182
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,389 1,389
Page 5