T_G_BAN_LTD - Accounts

Mr Gerard Bannon

Mrs Lee-ann Mutlu

421 Antrim Road

Belfast

BT15 3B

NI 48424

Bank of Ireland

Antrim Road

Glengormley

BT36 7QN

Kearney & Co

Chartered Accountants

Suite 1, Fountain Centre

College Street

Belfast

BT1 6ET

Cunningham & Dickey

Church Street

Belfast

BT1

The directors present their report and financial statements for the year ended

31st October 2016.

The company was incorporated on the 24th October 2003.

The principal activity of the company is that of Pharmaceutical Chemists.

The directors consider the performance of the company during the year and its position

at the year end to be satisfactory.

The profit of the company for the year ended 31st October 2016 was £394,486 and was all       

attributed to the principal activity.

Dividends paid in the year were £97,500

The directors of the company and their interest in the share capital at the Balance Sheet

date was as follows:

  

Mr Gerard Bannon

60

60

This report has been prepared in accordance with the provisions applicable to Companies

subject to the small companies regime.

By order of the board

In accordance with the engagement letter and in order to assist you to fulfil your duties under the

Companies Act 2006 we have compiled the financial information of T G Ban

Ltd which comprises the Profit and Loss Account, the Balance Sheet and the

related notes from the accounting records and information and explanations you have given to us.

This report is made to the Company's Board of Directors, as a body, in accordance with the terms

of our engagement. Our work has been undertaken so that we might compile the financial

statements that we have been engaged to compile, report to the Company's Board of Directors

that we have done so, and state those matters that we have agreed to state to them in this report

and for no other purpose. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than the Company and the Company's Board of Directors, as a body,

for our work, or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of

Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the

Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet for the year ended 31st October 2016 your duty to

ensure that the company has kept proper books of account and to prepare financial statements

that give a true and fair view under the Companies Act 2006.  You consider the

company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we

have not verified the accuracy or completeness of the books of account or information or

explanations you have given to us and we do not, therefore, express any opinion on the

financial statements.

______________________________

Distribution and Administrative Expenses

Operating Profit

Rental Profit

Other Income - Loss on Sale of Property

Interest Received

Interest Payable

Taxation

The Company has no recognised gains and losses other than the profits above and therefore no

separate statement of total recognised gains and losses have been presented.

There is no difference between the profit on ordinary activities before taxation and the retained

profit for the year stated above, and their historical cost equivalents.

All amounts above relate to continuing operations of the company.

Intangible

Tangible

Stock

Trade Debtors

Customs and Excise

Other Debtors

Cash at bank and in hand

Due within 1 year

more than one year

Called up Share Capital

100

Profit and Loss Account

In preparing these financial statements:

for the year ended 31st October 2016 the Company was entitled to exemption from audit

under section 477 of the Companies Act 2006 relating to small companies.

under section 477 of the Companies Act 2006 relating to small companies.

year in question in accordance with section 476,

The directors acknowledge their responsibilities for complying with the requirements of

the Act with respect to accounting records and the preparation of accounts.

the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable

to companies subject to the small companies regime.

Approved by the directors:

_______________________

_________________________

The following accounting policies have been applied consistently in dealing

with items which are considered material in relation to the company's financial

statements.

The financial statements have been prepared under the historical cost convention and

in accordance with the Financial Reporting Standard for Smaller Entities.

Turnover is stated net of trade discounts, VAT and similar taxes and derives

from the provision of goods falling within the company's ordinary activities.

The profit before taxation has been arrived at after giving effect to all transactions

reflecting trading activities during the year.  It is the company's policy to show

separately any material exceptional profits or losses.

i.  Fixed Assets are stated at cost.

ii. Depreciation is calculated to write off the net cost of fixed assets over their estimated

    useful lives, by the reducing balance method at the following rates:

Fixtures and Fittings

Equipment

iii. Amortisation is calculated to write off the net cost of Goodwill over its estimated

    useful life, the estimated useful life is 15 years.

Stocks have been valued by the directors at the lower of cost and net realisable value,

after making due allowance for obsolete and slow moving items.

100 Ordinary Shares of £1 each

The Operating Profit is stated after charging:-

Depreciation of Tangible Fixed Assets

Staff Costs (Note 4)

Accountants Remuneration

The average weekly number of persons employed full-time by the company under

PAYE during the year was in the range of 0 - 10.

The average weekly number of persons employed part-time by the company

during the year was in the range 0 - 10.

Staff Costs (Including Social Security)

Emoluments for services as directors

Bank Interest

Loan Interest

As at 1st November 2015

Charge for the year

Bank Account

Cash in Hand

Trade Creditors

Loan Accounts

Directors Current Account

Taxation & Social Security

Other Creditors and Accruals

Corporation Tax

PAYE

Mortgage Accounts

Loan Accounts

Opening Shareholders Funds

Profit/(Loss) for the Year

Less: Dividends

Opening Stock

Purchases

Closing Stock

Postage, Stationery & Advertising

Rent & Rates

Light & Heat

Telephone

Wages and PAYE

Locum Payments

Insurance

Repairs and Renewals

Storage

General Expenses

Professional Fees & Subscriptions

Motor Expenses

Accountancy

Bank Interest and Charges

Loan Interest

Depreciation

Loss on Motor Vehicle

Directors Salary

Goodwill Amortisation

Professional Fees

Repairs & Renewals

Rates

Travel

Ground Rent

Insurance

Mortgage Interest

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