Registration number: SC656822

Bon Law Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Bon Law Ltd

Company Information

Director

Mr Neil John Bon

Company secretary

Mrs Lisa Annelie Wallace

Registered office

Unit 2 Newhailes Business Park Newhailes Road Musselburgh United Kingdom EH21 6RH

Accountants

JS Accounting Services Ltd 13-15 Morningside Drive Edinburgh EH10 5LZ

Bon Law Ltd

(Registration number: SC656822)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	46,679	54,964
Other financial assets	4	180,000	120,000
		226,679	174,964
Current assets
Debtors	5	21,306	23,948
Cash at bank and in hand		139,141	182,407
		160,447	206,355
Creditors: Amounts falling due within one year	6	(46,702)	(85,577)
Net current assets		113,745	120,778
Total assets less current liabilities		340,424	295,742
Creditors: Amounts falling due after more than one year	6	(18,839)	(36,245)
Net assets		321,585	259,497
Capital and reserves
Called up share capital		1	1
Revaluation reserve		82,000	22,000
Retained earnings		239,584	237,496
Shareholders' funds		321,585	259,497

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 July 2026
 

......................................... Mr Neil John Bon Director

Bon Law Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% on reducing balance

Bon Law Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2024 - 10).

Bon Law Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

3	Tangible assets

	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 August 2024	4,029	53,599	57,628
At 31 July 2025	4,029	53,599	57,628
Depreciation
At 1 August 2024	2,664	-	2,664
Charge for the year	245	8,040	8,285
At 31 July 2025	2,909	8,040	10,949
Carrying amount
At 31 July 2025	1,120	45,559	46,679
At 31 July 2024	1,365	53,599	54,964

4	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 August 2024	120,000	120,000
Revaluations	60,000	60,000
At 31 July 2025	180,000	180,000
Impairment
Carrying amount
At 31 July 2025	180,000	180,000

Current financial assets

Cost or valuation

Impairment

Carrying amount

At 31 July 2025

Bon Law Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

5

Debtors

Current	2025 £	2024 £
Trade debtors	21,306	23,948
	21,306	23,948

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	28,668	73,043
Accruals and deferred income	4,036	3,900
Other creditors	13,998	8,634
	46,702	85,577

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		18,839	36,245