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REGISTERED NUMBER: 08319376











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: M M O'Sullivan





REGISTERED OFFICE: The Gatehouse
2B Victoria Works
Vittoria Street
Birmingham
West Midlands
B1 3PE





REGISTERED NUMBER: 08319376





ACCOUNTANTS: Haines Watts
Sterling House
97 Lichfield Street
Tamworth
Staffordshire
B79 7QF

Banabay Limited (Registered number: 08319376)

Abbreviated Balance Sheet
31 December 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 8,772 -

CURRENT ASSETS
Stocks - 56,450
Debtors 902,527 263,897
Cash at bank and in hand 127,177 36,581
1,029,704 356,928
CREDITORS
Amounts falling due within one year 2,527,046 839,399
NET CURRENT LIABILITIES (1,497,342 ) (482,471 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,488,570
)
(482,471
)

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account (1,488,670 ) (482,571 )
SHAREHOLDERS' FUNDS (1,488,570 ) (482,471 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 23 September 2015 and were signed by:





M M O'Sullivan - Director


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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


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 10,844
At 31 December 2014 10,844
DEPRECIATION
Charge for year 2,072
At 31 December 2014 2,072
NET BOOK VALUE
At 31 December 2014 8,772

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.