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REGISTERED NUMBER: 03810886 (England and Wales)















Bond Demolition Ltd

Unaudited Financial Statements

for the Year Ended 30 June 2024






Bond Demolition Ltd (Registered number: 03810886)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Bond Demolition Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr P Smith
Mr R Lucas
Mr P D Wells
Mr M P Wells
Mr D Milton





REGISTERED OFFICE: Unit 3B
Ocean Park
Pantglas Industrial Estate
Caerphilly
Mid Glamorgan
CF83 8DR





REGISTERED NUMBER: 03810886 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Bond Demolition Ltd (Registered number: 03810886)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 168,732 235,680

CURRENT ASSETS
Stocks 97,000 97,000
Debtors 5 795,439 1,151,591
Cash at bank 1,119,400 629,506
2,011,839 1,878,097
CREDITORS
Amounts falling due within one year 6 1,228,691 1,349,236
NET CURRENT ASSETS 783,148 528,861
TOTAL ASSETS LESS CURRENT
LIABILITIES

951,880

764,541

PROVISIONS FOR LIABILITIES 7 28,598 44,438
NET ASSETS 923,282 720,103

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 923,280 720,101
SHAREHOLDERS' FUNDS 923,282 720,103

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 11 March 2025 and were signed on its behalf by:





Mr P D Wells - Director


Bond Demolition Ltd (Registered number: 03810886)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Bond Demolition Ltd 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 the work performed to date to the estimated contract costs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
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 items.

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Bond Demolition Ltd (Registered number: 03810886)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Grants receivable
Revenue government grants receivable are matched with related incurred expenditure and released to the profit and loss account in the year in which they are due. Any amounts received but not yet released to the profit and loss account are included as deferred income in the balance sheet.

Capital grants receivable are credited to the profit and loss account over the expected useful economic lives of the relevant assets to which they relate. Grants received but not yet released to the profit and loss account are included as deferred income in the balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 27 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 296,592 724 68,312 31,532 397,160
Additions 2,390 - - - 2,390
At 30 June 2024 298,982 724 68,312 31,532 399,550
DEPRECIATION
At 1 July 2023 112,548 594 21,973 26,365 161,480
Charge for year 49,169 52 17,078 3,039 69,338
At 30 June 2024 161,717 646 39,051 29,404 230,818
NET BOOK VALUE
At 30 June 2024 137,265 78 29,261 2,128 168,732
At 30 June 2023 184,044 130 46,339 5,167 235,680

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 633,392 427,139
Other debtors 162,047 724,452
795,439 1,151,591

Bond Demolition Ltd (Registered number: 03810886)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 290,241 377,912
Amounts owed to group undertakings 494,236 505,114
Taxation and social security 118,223 76,634
Other creditors 325,991 389,576
1,228,691 1,349,236

7. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 28,598 44,438

Deferred
tax
£   
Balance at 1 July 2023 44,438
Credit to Income Statement during year (15,840 )
Balance at 30 June 2024 28,598

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
Mr R M Bailey
Balance outstanding at start of year (292,544 ) (392,544 )
Amounts advanced 295,407 100,000
Amounts repaid (2,863 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (292,544 )

Mr P Smith
Balance outstanding at start of year - -
Amounts advanced 2,882 -
Amounts repaid (2,700 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 182 -

Mr P D Wells
Balance outstanding at start of year - -
Amounts repaid (3,240 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,240 ) -

The outstanding balances are repayable on demand.

Bond Demolition Ltd (Registered number: 03810886)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party at the year end was Mr RM Bailey by virtue of his shareholding in Integrated Holdings Limited.