REGISTERED NUMBER: |
Banabay Limited |
Abbreviated Unaudited Accounts |
for the Year Ended 31 December 2014 |
REGISTERED NUMBER: |
Banabay Limited |
Abbreviated Unaudited Accounts |
for the Year Ended 31 December 2014 |
Banabay Limited (Registered number: 08319376) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 December 2014 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
Banabay Limited |
Company Information |
for the Year Ended 31 December 2014 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Banabay Limited (Registered number: 08319376) |
Abbreviated Balance Sheet |
31 December 2014 |
2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Stocks |
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 2014 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The accounts have been prepared on a standard going concern basis. Although the balance sheet is overdrawn |
it is the opinion of the director that the company will be able to continue to trade for at least a year after the |
signing of the balance sheet due to the fact that trade is growing and the company has the support of it's |
creditors. |
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 April 2008). |
Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
Tangible fixed assets |
Fixture and Fittings 33% straight line |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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 |
Additions |
At 31 December 2014 |
DEPRECIATION |
Charge for year |
At 31 December 2014 |
NET BOOK VALUE |
At 31 December 2014 |
Banabay Limited (Registered number: 08319376) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2014 |
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. |