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REGISTERED NUMBER: 01183658 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Bonam & Berry Limited

Bonam & Berry Limited (Registered number: 01183658)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Bonam & Berry Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: F M Aram
P Bonam
D Dudson
O M Spencer
M J Spencer
B D Spencer





REGISTERED OFFICE: 29 Glaisdale Drive East
Nottingham
NG8 4GU





REGISTERED NUMBER: 01183658 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Alexandra House
43 Alexandra St
Nottingham
Nottinghamshire
NG5 1AY

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Bonam & Berry Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bonam & Berry Limited for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bonam & Berry Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bonam & Berry Limited and state those matters that we have agreed to state to the Board of Directors of Bonam & Berry Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bonam & Berry Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bonam & Berry Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bonam & Berry Limited. You consider that Bonam & Berry Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bonam & Berry Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Alexandra House
43 Alexandra St
Nottingham
Nottinghamshire
NG5 1AY


20 May 2025

Bonam & Berry Limited (Registered number: 01183658)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 119,195 121,001
Investments 5 10,000 10,000
129,195 131,001

CURRENT ASSETS
Stocks 317,572 337,107
Debtors 6 587,576 1,176,850
Cash at bank 201,916 431
1,107,064 1,514,388
CREDITORS
Amounts falling due within one year 7 510,510 886,295
NET CURRENT ASSETS 596,554 628,093
TOTAL ASSETS LESS CURRENT
LIABILITIES

725,749

759,094

CREDITORS
Amounts falling due after more than one
year

8

(23,545

)

(36,381

)

PROVISIONS FOR LIABILITIES (28,572 ) (28,989 )
NET ASSETS 673,632 693,724

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 623,632 643,724
673,632 693,724

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

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

Bonam & Berry Limited (Registered number: 01183658)

Balance Sheet - continued
31 December 2024


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 20 May 2025 and were signed on its behalf by:





M J Spencer - Director


Bonam & Berry Limited (Registered number: 01183658)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Bonam & Berry 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.

The financial statements are prepared in sterling (£) which is the functional currency of the company.

Turnover
Turnover is recognised to the extent that it is probable that economic benefits will flow to the company and that the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
- the company has transferred the significant risks and rewards of ownership to the buyer;
- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of turnover can be measured reliably;
- it is probable that the company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of turnover can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured
reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Bonam & Berry Limited (Registered number: 01183658)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to the profit and loss account during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows:

Depreciation is provided on the following basis:

Long-term leasehold property - Over the period of the lease
Plant and machinery - 15% - 33.3% straight line
Motor vehicles - 25% reducing balance
Fixtures and fittings - 10% - 33.3% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss account.

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.

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
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised costs.

Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved y th shareholders at an annual general meeting.


Bonam & Berry Limited (Registered number: 01183658)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 28 (2023 - 29 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 39,696 304,500 50,501 176,010 570,707
Additions - 35,453 1,317 - 36,770
Disposals - (54 ) (3,097 ) (36,995 ) (40,146 )
At 31 December 2024 39,696 339,899 48,721 139,015 567,331
DEPRECIATION
At 1 January 2024 37,401 274,466 41,485 96,354 449,706
Charge for year 1,836 14,152 2,533 19,914 38,435
Eliminated on disposal - (54 ) (3,097 ) (36,854 ) (40,005 )
At 31 December 2024 39,237 288,564 40,921 79,414 448,136
NET BOOK VALUE
At 31 December 2024 459 51,335 7,800 59,601 119,195
At 31 December 2023 2,295 30,034 9,016 79,656 121,001

Bonam & Berry Limited (Registered number: 01183658)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2024 39,639 125,265 164,904
Additions 33,000 - 33,000
Transfer to ownership (39,639 ) (46,000 ) (85,639 )
At 31 December 2024 33,000 79,265 112,265
DEPRECIATION
At 1 January 2024 30,225 47,117 77,342
Charge for year 2,888 15,128 18,016
Transfer to ownership (30,225 ) (28,363 ) (58,588 )
At 31 December 2024 2,888 33,882 36,770
NET BOOK VALUE
At 31 December 2024 30,112 45,383 75,495
At 31 December 2023 9,414 78,148 87,562

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 10,000
NET BOOK VALUE
At 31 December 2024 10,000
At 31 December 2023 10,000

The investment relates to Stapleford Aluminium Limited, a dormant company.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 444,896 1,035,116
Other debtors 142,680 141,734
587,576 1,176,850

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,354 100,291
Hire purchase contracts 26,220 22,374
Trade creditors 341,079 434,107
Amounts owed to group undertakings 43,908 43,187
Taxation and social security 44,821 58,024
Other creditors 44,128 228,312
510,510 886,295

The obligations under hire purchase contracts are secured on the assets which they relate to.

Bonam & Berry Limited (Registered number: 01183658)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 6,160 16,514
Hire purchase contracts 17,385 19,867
23,545 36,381

9. RELATED PARTY DISCLOSURES

Other debtors includes £11,572 (2023: £21,153) owed from the directors of the company.

At the year end an amount of £18,242 (2023: £27,940) was owed to family members of the directors.

10. CONTROLLING PARTY

During 2018 the company was acquired by a newly formed company, Bonam & Berry Holdings Limited.

Bonam & Berry Holdings Limited was a vehicle to facilitate the management buy out of Bonam & Berry Limited. Bonam & Berry Holdings Limited is controlled by Mr M J Spencer and Mr P Bonam.