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REGISTERED NUMBER: 09804052 (England and Wales)















Financial Statements for the Year Ended 31 October 2024

for

Bon Accord Engineering Ltd

Bon Accord Engineering Ltd (Registered number: 09804052)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bon Accord Engineering Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Mrs J Leiper





REGISTERED OFFICE: 20-22 Wenlock Road
London
N1 7GU





REGISTERED NUMBER: 09804052 (England and Wales)





ACCOUNTANTS: Findlay Brown Ltd
53 Huntly Street
Aberdeen
AB10 1TH

Bon Accord Engineering Ltd (Registered number: 09804052)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 64,170 89,220

CURRENT ASSETS
Stocks 39,397 36,527
Debtors 5 215,565 398,205
Cash at bank and in hand 417,459 503,601
672,421 938,333
CREDITORS
Amounts falling due within one year 6 323,368 588,998
NET CURRENT ASSETS 349,053 349,335
TOTAL ASSETS LESS CURRENT LIABILITIES 413,223 438,555

CREDITORS
Amounts falling due after more than one year 7 (7,518 ) (18,166 )

PROVISIONS FOR LIABILITIES (16,043 ) (22,305 )
NET ASSETS 389,662 398,084

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 389,661 398,083
389,662 398,084

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 June 2025 and were signed by:





Mrs J Leiper - Director


Bon Accord Engineering Ltd (Registered number: 09804052)

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

1. STATUTORY INFORMATION

Bon Accord Engineering Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost

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 has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors. bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Hire purchase and leasing commitments
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 15 (2023 - 15 ) .

Bon Accord Engineering Ltd (Registered number: 09804052)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 267,289
Additions 5,389
At 31 October 2024 272,678
DEPRECIATION
At 1 November 2023 178,069
Charge for year 30,439
At 31 October 2024 208,508
NET BOOK VALUE
At 31 October 2024 64,170
At 31 October 2023 89,220

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 208,342 395,863
Other debtors 7,223 2,342
215,565 398,205

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 137,384 172,319
Taxation and social security 49,361 112,150
Other creditors 125,975 293,881
323,368 588,998

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 7,518 18,166

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.10.24 31.10.23
£    £   
Within one year 23,913 20,576
Between one and five years 22,714 29,339
46,627 49,915

9. SECURED DEBTS

Other creditors include an invoice financing facility, secured by a floating charge, dated 16 April 2018, over the assets of the company.