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Registered number: 05306164
Bonney & Jarman Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Whyfield Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05306164
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 9,480 10,533
Tangible Assets 5 87,597 59,631
97,077 70,164
CURRENT ASSETS
Stocks 6 14,057 21,112
Debtors 7 217,404 189,586
Cash at bank and in hand 109,478 68,672
340,939 279,370
Creditors: Amounts Falling Due Within One Year 8 (203,931 ) (191,080 )
NET CURRENT ASSETS (LIABILITIES) 137,008 88,290
TOTAL ASSETS LESS CURRENT LIABILITIES 234,085 158,454
Creditors: Amounts Falling Due After More Than One Year 9 (23,798 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (18,459 ) -
NET ASSETS 191,828 158,454
CAPITAL AND RESERVES
Called up share capital 11 451 451
Profit and Loss Account 191,377 158,003
SHAREHOLDERS' FUNDS 191,828 158,454
Page 1
Page 2
For the year ending 31 December 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 Simon Crowle
Director
25/09/2026
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Bonney & Jarman Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05306164 . The registered office is 90 Treverbyn Road, St Austell, Cornwall, PL25 4EW.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are IP It is amortised to the profit and loss account over its estimated economic life of 15 years.
2.5. 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 20% RB
Motor Vehicles 25% RB
Fixtures & Fittings 25% RB
Computer Equipment 33% RB
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.7. 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.
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2.8. 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 years 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.
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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 7 (2024: 7)
7 7
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 January 2025 60,000 15,800 75,800
As at 31 December 2025 60,000 15,800 75,800
Amortisation
As at 1 January 2025 60,000 5,267 65,267
Provided during the period - 1,053 1,053
As at 31 December 2025 60,000 6,320 66,320
Net Book Value
As at 31 December 2025 - 9,480 9,480
As at 1 January 2025 - 10,533 10,533
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2025 48,290 110,095 14,736 32,970 206,091
Additions - 41,158 - 11,130 52,288
Disposals (1,977 ) (14,080 ) - (15,404 ) (31,461 )
As at 31 December 2025 46,313 137,173 14,736 28,696 226,918
Depreciation
As at 1 January 2025 38,610 68,904 14,555 24,391 146,460
Provided during the period 1,934 15,892 45 4,628 22,499
Disposals (1,977 ) (12,257 ) - (15,404 ) (29,638 )
As at 31 December 2025 38,567 72,539 14,600 13,615 139,321
Net Book Value
As at 31 December 2025 7,746 64,634 136 15,081 87,597
As at 1 January 2025 9,680 41,191 181 8,579 59,631
6. Stocks
2025 2024
£ £
Stock 14,057 15,482
Materials - 5,630
14,057 21,112
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 185,998 163,653
Other debtors 31,406 25,933
217,404 189,586
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 11,127 15,108
Trade creditors 6,737 21,585
Bank loans and overdrafts 5,572 -
Amounts owed to participating interests 25,000 4,367
Other creditors 79,533 101,318
Taxation and social security 75,962 48,702
203,931 191,080
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 23,798 -
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,127 15,108
Later than one year and not later than five years 23,798 -
34,925 15,108
34,925 15,108
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 451 451
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