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REGISTERED NUMBER: 00386464 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

BOND SMITH LIMITED

BOND SMITH LIMITED (REGISTERED NUMBER: 00386464)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BOND SMITH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTORS: Mrs M F Hawthorne
Mr J P Hawthorne



REGISTERED OFFICE: c/o Michael Heaven & Associates Limited
47 Calthorpe Road
Edgbaston
BIRMINGHAM
West Midlands
B15 1TH



REGISTERED NUMBER: 00386464 (England and Wales)



ACCOUNTANTS: Michael Heaven & Associates Limited
Chartered Certified Accountants
47 Calthorpe Road
Edgbaston
BIRMINGHAM
B15 1TH



BANKERS: NatWest Bank Plc
Highfield Road Branch
Edgbaston
Birmingham
West Midlands
B15 3BS



INCORPORATED: 25th March 1944

BOND SMITH LIMITED (REGISTERED NUMBER: 00386464)

ABRIDGED BALANCE SHEET
31ST AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 4,025 4,060

CURRENT ASSETS
Stocks 1,005,724 953,562
Cash at bank 32,067 52,104
1,037,791 1,005,666
CREDITORS
Amounts falling due within one year 101,818 157,721
NET CURRENT ASSETS 935,973 847,945
TOTAL ASSETS LESS CURRENT
LIABILITIES

939,998

852,005

PROVISIONS FOR LIABILITIES 5 1,066 1,075
NET ASSETS 938,932 850,930

CAPITAL AND RESERVES
Called up share capital 6 7,000 7,000
Retained earnings 931,932 843,930
SHAREHOLDERS' FUNDS 938,932 850,930

BOND SMITH LIMITED (REGISTERED NUMBER: 00386464)

ABRIDGED BALANCE SHEET - continued
31ST AUGUST 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 21st May 2025 and were signed on its behalf by:





Mr J P Hawthorne - Director


BOND SMITH LIMITED (REGISTERED NUMBER: 00386464)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024


1. STATUTORY INFORMATION

Bond Smith 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 represents sales of books during the year. Turnover is recognised when the books are physically delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and Fittings - 25% Straight Line
Computer equipment - 20% Straight Line

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans from related parties.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

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

BOND SMITH LIMITED (REGISTERED NUMBER: 00386464)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st September 2023 11,284
Additions 2,066
At 31st August 2024 13,350
DEPRECIATION
At 1st September 2023 7,224
Charge for year 2,101
At 31st August 2024 9,325
NET BOOK VALUE
At 31st August 2024 4,025
At 31st August 2023 4,060

5. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,066 1,075

Deferred
tax
£   
Balance at 1st September 2023 1,075
Movement (9 )
Balance at 31st August 2024 1,066

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated.

Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

BOND SMITH LIMITED (REGISTERED NUMBER: 00386464)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
900 Ordinary A £1 900 900
1,000 Ordinary B £1 1,000 1,000
5,000 Ordinary C £1 5,000 5,000
100 Ordinary D £1 100 100
7,000 7,000

7. RELATED PARTY DISCLOSURES

As at the year end the amount due to the directors totalled £66,637. These loans are interest free and repayable upon demand.