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REGISTERED NUMBER: 01461678 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Bonaprene Products Limited

Bonaprene Products Limited (Registered number: 01461678)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Bonaprene Products Limited

Company Information
for the Year Ended 30 November 2024







Directors: R A Mills
M M Mills
R A St. C Mills
T S Mills
N Thelwall-Jones





Secretary: M M Mills





Registered office: Clywedog Road South
Wrexham Industrial Estate
Wrexham
LL13 9XS





Registered number: 01461678 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Bonaprene Products Limited (Registered number: 01461678)

Statement of Financial Position
30 November 2024

30/11/24 30/11/23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 630,060 637,246

Current assets
Stocks 350,614 338,341
Debtors 5 1,113,207 1,163,484
Cash at bank and in hand 1,017,724 891,384
2,481,545 2,393,209
Creditors
Amounts falling due within one year 6 998,578 964,618
Net current assets 1,482,967 1,428,591
Total assets less current liabilities 2,113,027 2,065,837

Provisions for liabilities 7 119,286 117,313
Net assets 1,993,741 1,948,524

Capital and reserves
Called up share capital 8 1,000 1,000
Retained earnings 1,992,741 1,947,524
Shareholders' funds 1,993,741 1,948,524

Bonaprene Products Limited (Registered number: 01461678)

Statement of Financial Position - continued
30 November 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 April 2025 and were signed on its behalf by:





R A St. C Mills - Director


Bonaprene Products Limited (Registered number: 01461678)

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

1. Statutory information

Bonaprene Products 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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land & buildings freehold - Between 4% and 20% on cost
Plant and machinery - 20% on cost
Fixtures, fittings & equipment - 20% on cost
Motor vehicles - 20% on cost

No depreciation is provided on freehold land.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.


Bonaprene Products Limited (Registered number: 01461678)

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

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 54 (2023 - 51 ) .

Bonaprene Products Limited (Registered number: 01461678)

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

4. Tangible fixed assets
Land & Fixtures,
buildings Plant and fittings Motor
freehold machinery & equipment vehicles Totals
£    £    £    £    £   
Cost
At 1 December 2023 556,581 2,158,291 65,299 184,597 2,964,768
Additions - 138,888 8,278 38,375 185,541
Disposals - - (6,735 ) - (6,735 )
At 30 November 2024 556,581 2,297,179 66,842 222,972 3,143,574
Depreciation
At 1 December 2023 486,543 1,669,573 55,161 116,245 2,327,522
Charge for year 7,196 165,051 3,948 16,532 192,727
Eliminated on disposal - - (6,735 ) - (6,735 )
At 30 November 2024 493,739 1,834,624 52,374 132,777 2,513,514
Net book value
At 30 November 2024 62,842 462,555 14,468 90,195 630,060
At 30 November 2023 70,038 488,718 10,138 68,352 637,246

5. Debtors: amounts falling due within one year
30/11/24 30/11/23
£    £   
Trade debtors 1,046,886 1,103,499
Other debtors 66,321 59,985
1,113,207 1,163,484

6. Creditors: amounts falling due within one year
30/11/24 30/11/23
£    £   
Trade creditors 334,143 476,035
Taxation and social security 287,124 249,342
Other creditors 377,311 239,241
998,578 964,618

Other creditors includes 90,000 'A' Preference shares of £1 each.

7. Provisions for liabilities
30/11/24 30/11/23
£    £   
Deferred tax
Accelerated capital allowances 119,286 117,313

Bonaprene Products Limited (Registered number: 01461678)

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

7. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 December 2023 117,313
Charge to Statement of Income and Retained Earnings
during year

1,973
Balance at 30 November 2024 119,286

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/24 30/11/23
value: £    £   
1,000 Ordinary £1 1,000 1,000

90,000 "A" Preference shares of £1 each have been classified as financial liabilities and are included in the accounts under creditors: amounts falling due within one year.

9. Related party disclosures

Certain directors have made loans to the company. The balance on these loans at 30 November 2024 was £116,775 (2023: £12,407). The loans are interest free, unsecured and repayable on demand.

10. Lease commitments

At 30 November 2024 the company had commitments under non-cancellable operating leases over the remaining life of these leases of £324,242 (2023: £397,500). The amount payable within one year in respect of these leases was £94,900 (2023: £90,000).