Registered number
03216636
BONSOR PENNINGTONS LIMITED
Filleted Accounts
28 February 2025
BONSOR PENNINGTONS LIMITED
Registered number: 03216636
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 1 1
Tangible assets 4 824 4
825 5
Current assets
Stocks - 109,500
Debtors 5 24,468 12,870
Cash at bank and in hand 4,897 1,498
29,365 123,868
Creditors: amounts falling due within one year 6 (16,078) (101,296)
Net current assets 13,287 22,572
Total assets less current liabilities 14,112 22,577
Creditors: amounts falling due after more than one year 7 (14,025) (22,500)
Net assets 87 77
Capital and reserves
Called up share capital 50 50
Profit and loss account 37 27
Shareholders' funds 87 77
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Andrew Pollard
Director
Approved by the board on 27 May 2025
BONSOR PENNINGTONS LIMITED
Notes to the Accounts
for the period from 1 April 2024 to 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings In accordance with the property
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 5 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 25,000
At 28 February 2025 25,000
Amortisation
At 1 April 2024 24,999
At 28 February 2025 24,999
Net book value
At 28 February 2025 1
At 31 March 2024 1
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2024 57,720 119,413 177,133
Additions - 1,231 1,231
At 28 February 2025 57,720 120,644 178,364
Depreciation
At 1 April 2024 57,719 119,410 177,129
Charge for the period - 411 411
At 28 February 2025 57,719 119,821 177,540
Net book value
At 28 February 2025 1 823 824
At 31 March 2024 1 3 4
5 Debtors 2025 2024
£ £
Trade debtors 22,107 8,550
Other debtors 2,361 4,320
24,468 12,870
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 2,354 19,051
Taxation and social security costs 9,947 34,340
Director's account - 43,303
Accruals 3,468 4,173
Other creditors 309 429
16,078 101,296
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 14,025 22,500
8 Other information
BONSOR PENNINGTONS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
75-77 Old London road
Kingston Upon Thames
KT2 6ND
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