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REGISTERED NUMBER: 04470081 (England and Wales)


















Bonus Securities Limited

Financial Statements for the Year Ended 30th June 2024






Bonus Securities Limited (Registered number: 04470081)






Contents of the Financial Statements
for the year ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bonus Securities Limited

Company Information
for the year ended 30th June 2024







DIRECTORS: S T E Boanas
T S E Boanas



SECRETARY: J Henriksen



REGISTERED OFFICE: Unit 1 Kingswood Business Park
Connaught Road
Hull
HU7 3AP



REGISTERED NUMBER: 04470081 (England and Wales)



AUDITORS: Smailes Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire HU2 8BA



BANKERS: National Westminster Bank plc
3rd Floor
2 Whitehall Quay
Leeds
LS1 4HR



SOLICITORS: Rollits
Wilberforce Court
High Street
Hull
HU1 1YJ

Bonus Securities Limited (Registered number: 04470081)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 806,623 818,389

CURRENT ASSETS
Debtors 5 578,658 1,101,995

CREDITORS
Amounts falling due within one year 6 834,985 1,397,133
NET CURRENT LIABILITIES (256,327 ) (295,138 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

550,296

523,251

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 550,294 523,249
SHAREHOLDERS' FUNDS 550,296 523,251

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 27th March 2025 and were signed on its behalf by:





S T E Boanas - Director


Bonus Securities Limited (Registered number: 04470081)

Notes to the Financial Statements
for the year ended 30th June 2024

1. STATUTORY INFORMATION

Bonus Securities 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 as modified by the revaluation of certain assets.

The financial statements are prepared in starling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
In each accounting year, turnover and profit are wholly attributable to the principal activity of that year and originate in the United Kingdom. Turnover is stated net of VAT. Turnover is recognised on the provision of services.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation net if depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and equipment - 15%
Freehold property - 50 years

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 taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

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

Bonus Securities Limited (Registered number: 04470081)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST OR VALUATION
At 1st July 2023
and 30th June 2024 800,000 54,075 854,075
DEPRECIATION
At 1st July 2023 - 35,686 35,686
Charge for year 6,000 5,766 11,766
At 30th June 2024 6,000 41,452 47,452
NET BOOK VALUE
At 30th June 2024 794,000 12,623 806,623
At 30th June 2023 800,000 18,389 818,389

Cost or valuation at 30th June 2024 is represented by:

Freehold Plant and
property machinery Totals
£    £    £   
Valuation in 2017 (1,599,799 ) - (1,599,799 )
Cost 2,399,799 54,075 2,453,874
800,000 54,075 854,075

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,000 2,000
Other debtors 216,282 1,051,786
Directors' loan accounts 335,014 -
Prepayments and accrued income 25,362 48,209
578,658 1,101,995

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 817,627 1,348,278
Trade creditors 345 1,786
Amounts owed to parent company 10,210 41,586
VAT 752 -
Other creditors - 584
Accruals and deferred income 6,051 4,899
834,985 1,397,133

Bonus Securities Limited (Registered number: 04470081)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 817,627 1,348,278

The bank overdraft is secured by fixed and floating charges on the undertaking and all property and assets present and future including goodwill and book debts of the parent company Bonus Electrical Group Limited, and of the fellow subsidiary companies Bonus Electrical Limited, Motorcycle Electrical Services Limited, Bonus Control Systems Limited, Electricalstock.com Limited, Project Furnishings Limited and Bonus Accessories Limited.

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephen Bramall BSc FCA (Senior Statutory Auditor)
for and on behalf of Smailes Goldie

9. CONTINGENT LIABILITIES

The company has given unlimited guarantees in respect of bank borrowings of fellow group companies. The amount outstanding under this guarantee at 30 June 2024 was £nil (2023 £1,517,692). Any amount arising under this guarantee is secured by fixed and floating charges over the assets of the company both present and future.

10. RELATED PARTY DISCLOSURES

During the year the company entered into transactions with related parties in the ordinary course of business.

As at 30 June 2024 the company was owed £335,014 (2023: £320,385) by its directors. This balance is included within other debtors.

As at 30 June 2024 the company was owed £nil (2023: £212,115) by close family members of directors. This balance is included within other debtors.

The above loans are repayable on demand and accrue no interest.

11. ULTIMATE CONTROLLING PARTY

In the opinion of the director, the company's immediate and ultimate parent company is Bonus Electrical Group Limited, a company registered in England. Copies of the group financial statements of Bonus Electrical Group Limited can be obtained from The Registrar of Companies, Companies House, Crown Way, Cardiff CF14 3UZ.