Bannycom Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06603694 (England and Wales)

Abridged Unaudited Financial Statements for the Year Ended 31st May 2020

for

Bannycom Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J M Bannister

Mr J Bannister

SECRETARY:

Mr F G Bannister

REGISTERED OFFICE:

153 Mortimer Street

Herne Bay

Kent

CT6 5HA

REGISTERED NUMBER:

06603694 (England and Wales)

ACCOUNTANTS:

CWW Accountants

153 Mortimer Street

Herne Bay

Kent

CT6 5HA

FIXED ASSETS

Tangible assets

4

415

164

CURRENT ASSETS

Debtors

570

250

Cash at bank

7,040

6,655

7,610

6,905

CREDITORS

Amounts falling due within one year

6,687

6,166

NET CURRENT ASSETS

923

739

TOTAL ASSETS LESS CURRENT LIABILITIES

1,338

903

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,337

902

SHAREHOLDERS' FUNDS

1,338

903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st May 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 21st August 2020 and were signed on its behalf by:

Mr J Bannister - Director

Mrs J M Bannister - Director

1.	STATUTORY INFORMATION

Bannycom Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number

and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been

enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st June 2019

1,208

Additions

408

At 31st May 2020

1,616

DEPRECIATION

At 1st June 2019

1,044

Charge for year

157

At 31st May 2020

1,201

NET BOOK VALUE

At 31st May 2020

415

At 31st May 2019

164

5.	RELATED PARTY DISCLOSURES

The company was under the control of its director Mr J Bannister for the current and previous year.

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr J Bannister.