Bandin Limited - Accounts

Bandin Limited - Accounts

BANDIN LIMITED - Company Information

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Registered Number: 11895811
England and Wales

 

 

 

BANDIN LIMITED


Abridged Accounts
 


Period of accounts

Start date: 21 March 2019

End date: 31 March 2020

Bandin Limited
Contents Page
For the period ended 31 March 2020
 
 		 Notes
 		 2020
£
Fixed assets    
Tangible fixed assets 2 148,193 
148,193 
Current assets    
Debtors 99 
Cash at bank and in hand 1,181 
1,280 
Creditors: amount falling due within one year (149,550)
Net current assets (148,270)
 
Total assets less current liabilities (77)
Net assets (77)
 

Capital and reserves 		   
Called up share capital 3 100 
Profit and loss account (177)
Shareholders funds (77)
 


For the period ended 31 March 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with Section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 10 August 2020 and were signed on its behalf by:


--------------------------------
Amandeep Bansal
Director		--------------------------------
Mukesh Halai
Director
1
General Information
Bandin Limited is a private company, limited by shares , registered in England and Wales , registration number 11895811 , registration address 3 Belvedere Way, Kenton, Harrow, HA3 9XQ.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
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:
Investment properties
Investment properties are included in the statement of financial position at their open market value at the statement of financial position date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the statement of financial position to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
2.

Tangible fixed assets

Cost Land and Buildings   Total
  £   £
At 21 March 2019 -    - 
Additions 148,193    148,193 
Disposals -    - 
At 31 March 2020 148,193    148,193 
Depreciation
At 21 March 2019 -    - 
Charge for period -    - 
On disposals -    - 
At 31 March 2020 -    - 
Net book values
Closing balance as at 31 March 2020 148,193    148,193 
Opening balance as at 21 March 2019 -    - 


3.

Share Capital

Allotted
2020
£
100 Class A shares of £1.00 each 100 
100 

4.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value Balance owed by/(owed to)
2020
£		2020
£
Related parties148,450 - 

During the year, the company owed Mr Amandeep Bansal £64,225 and Mr Mukesh Halai £84,225, who are both directors and shareholders of the company. 
2