Anthony Banks Limited - Filleted accounts

Anthony Banks Limited - Filleted accounts

ANTHONY BANKS LIMITED - Company Information

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Anthony Banks Limited
Registered number: 01107664
Balance Sheet
as at 31 December 2020
Notes 2020 2019
£ £
Fixed assets
Tangible assets 3 5,547 8,321
Current assets
Debtors 4 601,681 262,406
Cash at bank and in hand 1,398,321 1,582,698
2,000,002 1,845,104
Creditors: amounts falling due within one year 5 (881,784) (760,355)
Net current assets 1,118,218 1,084,749
Net assets 1,123,765 1,093,070
Capital and reserves
Called up share capital 6 100 100
Profit and loss account 7 1,123,665 1,092,970
Shareholders' funds 1,123,765 1,093,070
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
A G Banks
Director
Approved by the board on 8 September 2021
Anthony Banks Limited
Notes to the Accounts
for the year ended 31 December 2020
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover represents royalties, performance and other related income and is credited to the profit and loss account once it is reliably measurable. In practice this is on the contractually due date for royalty reporting.
Depreciation
Depreciation has been provided on other tangible fixed assets in equal annual instalments at the following rates in order to write off the assets over their estimated useful lives.
Equipment 25%
Foreign currency translation
Transactions in foreign currencies are recorded at the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
2 Employees 2020 2019
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Furniture, fixtures and fittings Computer equipment Equipment Total
£ £ £ £
Cost
At 1 January 2020 2,867 13,578 43,546 59,991
Additions - - - -
Disposals - - (31,261) (31,261)
At 31 December 2020 2,867 13,578 12,285 28,730
Depreciation
At 1 January 2020 2,867 5,257 43,546 51,670
Charge for the year - 2,774 - 2,774
On disposals - - (31,261) (31,261)
At 31 December 2020 2,867 8,031 12,285 23,183
Net book value
At 31 December 2020 - 5,547 - 5,547
At 31 December 2019 - 8,321 - 8,321
4 Debtors 2020 2019
£ £
Prepayments & accrued income 15,121 16,395
Amounts owed by related parties 580,481 243,197
Other debtors 6,079 2,814
601,681 262,406
5 Creditors: amounts falling due within one year 2020 2019
£ £
Accruals & deferred income 8,063 7,774
Trade creditors 6,122 9,058
Amounts owed to related parties 1,507 2
Amounts owed to directors 750,001 631,853
Corporation tax 104,795 97,386
Other taxes and social security costs 11,296 14,282
Other creditors - -
881,784 760,355
6 Share capital Nominal 2020 2020 2019
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
7 Profit and loss account 2020
£
At 1 January 2020 1,092,970
Dividends paid (414,100)
Profit for the year 444,795
At 31 December 2020 1,123,665
8 Dividends 2020 2019
£ £
Dividends for which the company became liable during the year:
Dividends paid 414,100 113,400
9 Transactions with the director
There have been no transactions with the director requiring disclosure.
10 Transactions with related parties
There have been no transactions with related parties requiring disclosure.
11 Other information
Anthony Banks Limited is a private company limited by shares and registered in England and Wales. Its registered office is:
25 Ives Street
London
SW3 2ND
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