Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 04863937 Mr H A Bonas Mrs K H Bonas Mrs K H Bonas iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04863937 2023-03-31 04863937 2024-03-31 04863937 2023-04-01 2024-03-31 04863937 frs-core:CurrentFinancialInstruments 2024-03-31 04863937 frs-core:Non-currentFinancialInstruments 2024-03-31 04863937 frs-core:ComputerEquipment 2024-03-31 04863937 frs-core:ComputerEquipment 2023-04-01 2024-03-31 04863937 frs-core:ComputerEquipment 2023-03-31 04863937 frs-core:FurnitureFittings 2024-03-31 04863937 frs-core:FurnitureFittings 2023-04-01 2024-03-31 04863937 frs-core:FurnitureFittings 2023-03-31 04863937 frs-core:MotorVehicles 2024-03-31 04863937 frs-core:MotorVehicles 2023-04-01 2024-03-31 04863937 frs-core:MotorVehicles 2023-03-31 04863937 frs-core:ShareCapital 2024-03-31 04863937 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04863937 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04863937 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04863937 frs-bus:SmallEntities 2023-04-01 2024-03-31 04863937 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04863937 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04863937 frs-bus:Director1 2023-04-01 2024-03-31 04863937 frs-bus:Director2 2023-04-01 2024-03-31 04863937 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 04863937 frs-core:CurrentFinancialInstruments 1 2024-03-31 04863937 frs-countries:EnglandWales 2023-04-01 2024-03-31 04863937 2022-03-31 04863937 2023-03-31 04863937 2022-04-01 2023-03-31 04863937 frs-core:CurrentFinancialInstruments 2023-03-31 04863937 frs-core:Non-currentFinancialInstruments 2023-03-31 04863937 frs-core:ShareCapital 2023-03-31 04863937 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 04863937 frs-core:CurrentFinancialInstruments 1 2023-03-31 04863937 frs-core:CurrentFinancialInstruments 2 2023-03-31
Henry Bonas Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04863937
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 40,806 51,170
40,806 51,170
CURRENT ASSETS
Stocks 5 102,300 107,750
Debtors 6 124,667 91,564
Cash at bank and in hand 240,927 491,670
467,894 690,984
Creditors: Amounts Falling Due Within One Year 7 (314,899 ) (435,149 )
NET CURRENT ASSETS (LIABILITIES) 152,995 255,835
TOTAL ASSETS LESS CURRENT LIABILITIES 193,801 307,005
Creditors: Amounts Falling Due After More Than One Year 8 (28,422 ) (32,747 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (600 )
NET ASSETS 165,379 273,658
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 165,279 273,558
SHAREHOLDERS' FUNDS 165,379 273,658
Page 1
Page 2
For the year ending 31 March 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 H A Bonas
Director
15 January 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
Henry Bonas Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04863937 . The registered office is Gowran House 56 Broad Street, Chipping Sodbury, Bristol, BS37 6AG.
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.
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:
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on cost
Computer Equipment 25% on cost
2.4. Stocks and Work in Progress
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.
2.5. 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.
...CONTINUED
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2.5. Taxation - continued
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.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 70,700 10,922 9,569 91,191
Additions - - 1,291 1,291
As at 31 March 2024 70,700 10,922 10,860 92,482
Depreciation
As at 1 April 2023 25,665 7,346 7,010 40,021
Provided during the period 9,031 1,209 1,415 11,655
As at 31 March 2024 34,696 8,555 8,425 51,676
Net Book Value
As at 31 March 2024 36,004 2,367 2,435 40,806
As at 1 April 2023 45,035 3,576 2,559 51,170
5. Stocks
2024 2023
£ £
Work in progress 102,300 107,750
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 41,539 4,735
Other debtors 83,128 85,929
Prepayments - 900
124,667 91,564
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 101,431 145,042
Bank loans and overdrafts 10,000 10,000
Corporation tax 24,278 89,162
Other taxes and social security 12,108 13,924
VAT 15,676 63,592
Other creditors - 4,331
Pension 310 514
Accruals and deferred income 147,318 106,793
Directors' loan accounts 3,778 1,791
314,899 435,149
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 28,422 32,747
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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