REGISTERED NUMBER: SC442741

BONNAR ACCIDENT LAW LTD.

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

682,000

767,250

Tangible assets

5

455

568

682,455

767,818

CURRENT ASSETS

Debtors

6

152,994

160,910

Cash at bank and in hand

15,860

91,516

168,854

252,426

CREDITORS

Amounts falling due within one year

7

432,002

387,035

NET CURRENT LIABILITIES

(263,148

)

(134,609

)

TOTAL ASSETS LESS CURRENT LIABILITIES

419,307

633,209

CREDITORS

Amounts falling due after more than one year

8

109,918

305,032

NET ASSETS

309,389

328,177

CAPITAL AND RESERVES

Called up share capital

102

102

Profit and loss account

309,287

328,075

SHAREHOLDERS' FUNDS

309,389

328,177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 September 2025 and were signed by:

V McManus - Director

1.	STATUTORY INFORMATION

Bonnar Accident Law Ltd. is a private company, limited by shares, registered in Scotland. The registered office is 83 Graham Street, Airdrie, Lanarkshire, ML6 6DE.

The financial statements are presented in Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. There were no material departures from that standard.

Going concern

The financial statements have been prepared on a going concern basis. The validity of this is dependent on the continued support of the director, who considers that it is appropriate to prepare the financial statements on a going concern basis.

Judgements

The company considers on an annual basis the judgements that are made by management when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements. The director considers there are no such significant judgements.

Turnover

Turnover represents amounts charged to clients for professional services, excluding value added tax. Turnover is recognised when a right to consideration has been obtained through performance under each contract.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Goodwill, being the difference between the amount paid for the business and the aggregate value of its separable net assets, is being written off over the term of its expected useful economic life of 20 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Land and buildings

-

written off over the term of the lease

Plant and machinery etc

-

33.3% on cost and 20% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Impairment of non-financial assets

At each reporting date non-financial assets not carried at fair value, like goodwill and plant and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount which is the higher of value in use and the fair value less cost to sell, is estimated and compared with the carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.

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 loan from banks and loans to and from related parties.

Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in profit or loss.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities

Taxation

Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the director considers that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred taxation is measured on a non-discounted basis at the average tax rates that would apply when the timing differences are expected to reverse, based on tax rates and laws that have been enacted by the balance sheet date.

With the exception of changes arising on the initial recognition of a business combination, the tax expense is presented either in profit or loss, other comprehensive income or statement of changes in equity depending on the transaction that resulted in the tax expense.

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

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.

Provisions

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

1,705,000

AMORTISATION

At 1 April 2024

937,750

Charge for year

85,250

At 31 March 2025

1,023,000

NET BOOK VALUE

At 31 March 2025

682,000

At 31 March 2024

767,250

Goodwill arises on the acquisition of a business in 2013 and is being amortised evenly over its estimated useful life of 20 years.

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

95,942

14,144

110,086

DEPRECIATION

At 1 April 2024

95,942

13,576

109,518

Charge for year

-

113

113

At 31 March 2025

95,942

13,689

109,631

NET BOOK VALUE

At 31 March 2025

-

455

455

At 31 March 2024

-

568

568

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

152,994

160,910

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,440

10,183

Taxation and social security

44,826

25,237

Other creditors

376,736

351,615

432,002

387,035

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,651

13,091

Other creditors

107,267

291,941

109,918

305,032

9.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the director £249,267 (2024: £391,040). The balance is interest free, unsecured with no fixed repayment terms. The director has confirmed that she will not seek repayment of £107,267 of the balance within 12 months of the balance sheet date.

During the year, the company occupied premises owned by a company controlled by the director, rent free (2024: £20,000). At the year end, the balance owing to this company was £201,465 (2024: £207,360). The balance is interest free, unsecured with no fixed repayment terms.