Bonney Burnt Oak Limited 31/03/2020 iXBRL

Bonney Burnt Oak Limited 31/03/2020 iXBRL

BONNEY BURNT OAK LIMITED - Company Information

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Company registration number: 06323906
Bonney Burnt Oak Limited
Unaudited filleted financial statements
31 March 2020
Bonney Burnt Oak Limited
Contents
Balance sheet
Notes to the financial statements
Bonney Burnt Oak Limited
Balance sheet
31 March 2020
2020 2019
Note £ £ £ £
Current assets
Debtors 5 2,626 2,800
Cash at bank and in hand 16,851 15,370
_______ _______
19,477 18,170
Creditors: amounts falling due
within one year 6 ( 9,685) ( 4,797)
_______ _______
Net current assets 9,792 13,373
_______ _______
Total assets less current liabilities 9,792 13,373
_______ _______
Net assets 9,792 13,373
_______ _______
Capital and reserves
Called up share capital 7 1 1
Profit and loss account 9,791 13,372
_______ _______
Shareholder funds 9,792 13,373
_______ _______
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 14 September 2020 , and are signed on behalf of the board by:
Mr. D Bonney
Director
Company registration number: 06323906
Bonney Burnt Oak Limited
Notes to the financial statements
Year ended 31 March 2020
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Flat 47 Drury House, Patmore Estate, London, SW8 4JL.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2019: 1 ).
5. Debtors
2020 2019
£ £
Trade debtors 1,760 1,050
Other debtors 866 1,750
_______ _______
2,626 2,800
_______ _______
6. Creditors: amounts falling due within one year
2020 2019
£ £
Trade creditors 180 -
Corporation tax 9,364 4,537
Other creditors 141 260
_______ _______
9,685 4,797
_______ _______
7. Called up share capital
Issued, called up and fully paid
2020 2019
No £ No £
Ordinary shares shares of £ 1.00 each 1 1 1 1
_______ _______ _______ _______
8. Directors advances, credits and guarantees
There were no director's advances, credits or guarantees during the year.
9. Controlling party
The company is controlled by Mr D Bonney (Director), by virtue of his shareholding.