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Registered number: 07311740
Bonovate Limited
Unaudited Financial Statements
For The Year Ended 31 July 2025
JML Business Services Limited
Unit 10-11 Innovation Place
Douglas Drive
Godalming
Surrey
GU7 1JX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07311740
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,214 922
2,214 922
CURRENT ASSETS
Stocks 5 87,488 96,914
Debtors 6 97,975 29,644
Cash at bank and in hand 493 73,575
185,956 200,133
Creditors: Amounts Falling Due Within One Year 7 (220,741 ) (135,463 )
NET CURRENT ASSETS (LIABILITIES) (34,785 ) 64,670
TOTAL ASSETS LESS CURRENT LIABILITIES (32,571 ) 65,592
Creditors: Amounts Falling Due After More Than One Year 8 - (10,990 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (421 ) (175 )
NET (LIABILITIES)/ASSETS (32,992 ) 54,427
CAPITAL AND RESERVES
Called up share capital 9 100 100
Share premium account 110,000 110,000
Profit and Loss Account (143,092 ) (55,673 )
SHAREHOLDERS' FUNDS (32,992) 54,427
Page 1
Page 2
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Harris
Director
Mr Ivan Crotaz
Director
Mr Ian Dampney
Director
22/04/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bonovate Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07311740 . The registered office is Unit 1a Stanhope Gate, Stanhope Rd, Yorktown Business Park, Camberley, GU15 3DW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 5 years straight line
Fixtures & Fittings 5 years straight line
Computer Equipment 3 years straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 5)
5 5
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2024 4,621 1,335 2,591 8,547
Additions - - 2,565 2,565
As at 31 July 2025 4,621 1,335 5,156 11,112
Depreciation
As at 1 August 2024 4,365 1,335 1,925 7,625
Provided during the period 85 - 1,188 1,273
As at 31 July 2025 4,450 1,335 3,113 8,898
Net Book Value
As at 31 July 2025 171 - 2,043 2,214
As at 1 August 2024 256 - 666 922
5. Stocks
2025 2024
£ £
Stock 87,488 96,914
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 88,402 23,434
Prepayments and accrued income 3,504 -
Other debtors 1,281 1,281
VAT 4,788 4,929
97,975 29,644
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 88,215 60,570
Bank loans and overdrafts 36,721 -
Other loans 37,500 -
Other taxes and social security 4,920 6,831
Bank loan 13,457 29,831
Pension payable 1,237 -
Accruals and deferred income 460 -
Directors' loan accounts 38,231 38,231
220,741 135,463
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 10,990
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year - 10,250
Later than one year and not later than five years - 41,000
- 51,250
Page 5