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BANDCASH LIMITED - Company Information

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Bandcash Limited

Registered Number:02868700

For the year ended 31 May 2018

England and Wales

Unaudited Financial Statements

For the year ended 31 May 2018

Bandcash Limited

Contents Page

Statement of Financial Position

2 to 4

Notes to the Financial Statements

As at 31 May 2018

Bandcash Limited

Statement of Financial Position

Registered Number :

02868700

2017

2018

Notes

Fixed assets

Property, plant and equipment

15,002

20,961

15,002

20,961

Current assets

Inventories

6,500

7,600

Trade and other receivables

13,740

10,345

Cash and cash equivalents

274

18,219

20,339

Trade and other payables: amounts falling due within one

year

(10,468)

(23,029)

9,871

(4,810)

Net current liabilities

Total assets less current liabilities

10,192

30,832

Trade and other payables: amounts falling due after more

than one year

(23,218)

10,192

Net assets

7,614

Capital and reserves

Called up share capital

1,701

Retained earnings

8,491

5,913

10,192

7,614

Shareholders' funds

For the year ended 31 May 2018 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 of its financial statements for the year ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Mrs S. M. Bailey Director

These financial statements were approved and authorised for issue by the Board on 21 February 2019 and were signed by:

The notes form part of these financial statements

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For the year ended 31 May 2018

Bandcash Limited

Notes to the Financial Statements

Statutory Information

Bandcash Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number

02868700.

Registered address:

72 Dunstall Road

Halesowen

West Midlands

B63 1BE

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.

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For the year ended 31 May 2018

Bandcash Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Fixtures and

fittings

Motor vehicles

Cost or

valuation

At 01 June 2017

32,782

6,615

26,167

1,432

Additions

At 31 May 2018

26,167

8,047

34,214

Provision for depreciation and impairment

At 01 June 2017

11,821

3,186

8,635

Charge for year

7,391

2,158

5,233

At 31 May 2018

19,212

5,344

13,868

At 31 May 2018

Net book value

12,299

2,703

15,002

At 31 May 2017

17,532

3,429

20,961

3. Inventories

2017

2018

Stocks

7,600

6,500

4. Trade and other receivables

2017

2018

Other debtors

10,345

13,740

5. Trade and other payables: amounts falling due within one year

2017

2018

Trade creditors

(1)

Taxation and social security

809

Other creditors

22,219

10,469

23,029

10,468

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For the year ended 31 May 2018

Bandcash Limited

Notes to the Financial Statements Continued

6. Trade and other payables: amounts falling due after more than one year

2017

2018

Other creditors

23,218

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