REGISTERED NUMBER: |
Banabay Limited |
Abbreviated Unaudited Accounts |
for the Year Ended 31 December 2015 |
REGISTERED NUMBER: |
Banabay Limited |
Abbreviated Unaudited Accounts |
for the Year Ended 31 December 2015 |
Banabay Limited (Registered number: 08319376) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 December 2015 |
Page |
Abbreviated Balance Sheet | 1 |
Notes to the Abbreviated Accounts | 2 |
Banabay Limited (Registered number: 08319376) |
Abbreviated Balance Sheet |
31 December 2015 |
2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his 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 were approved by the director on |
Banabay Limited (Registered number: 08319376) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 December 2015 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The accounts have been prepared on a going concern basis. This is despite the balance sheet being overdrawn |
as it is the opinion of the director that the company will be able to continue to trade for a period of at least a year |
after the signing of the balance sheet. This is due to the support of the company's creditors the majority of which |
are associated with the business via joint venture shareholding. |
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
Tangible fixed assets |
Fixture and Fittings 33% straight line |
Foreign currencies |
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 of exchange ruling |
at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2015 |
Additions |
At 31 December 2015 |
DEPRECIATION |
At 1 January 2015 |
Charge for year |
At 31 December 2015 |
NET BOOK VALUE |
At 31 December 2015 |
At 31 December 2014 |
Banabay Limited (Registered number: 08319376) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2015 |
3. | CALLED UP SHARE CAPITAL |
Nominal Value: |
2014 |
2013 |
£ | £ |
Ordinary 'A' shares | £1 | 25 | 25 |
Ordinary 'B' shares | £1 | 25 | 25 |
Ordinary 'C' shares | £1 | 25 | 25 |
Ordinary 'D' shares | £1 | 25 | 25 |
100 | 100 |
All classes of shares rank equally with respect to the right to attend meetings and vote, to dividends and upon |
winding up. |