Bansback Consultancy Limited 5202290 false 2021-04-01 2022-03-31 2022-03-31 The principal activity of the company is consultancy in Agribusiness and Food Economics Digita Accounts Production Advanced 6.30.9574.0 true 5202290 2021-04-01 2022-03-31 5202290 2022-03-31 5202290 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-03-31 5202290 core:CurrentFinancialInstruments 2022-03-31 5202290 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 5202290 core:FurnitureFittingsToolsEquipment 2022-03-31 5202290 bus:SmallEntities 2021-04-01 2022-03-31 5202290 bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 5202290 bus:FullAccounts 2021-04-01 2022-03-31 5202290 bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 5202290 bus:RegisteredOffice 2021-04-01 2022-03-31 5202290 bus:Director1 2021-04-01 2022-03-31 5202290 bus:Director2 2021-04-01 2022-03-31 5202290 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2021-04-01 2022-03-31 5202290 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 5202290 core:FurnitureFittingsToolsEquipment 2021-04-01 2022-03-31 5202290 countries:England 2021-04-01 2022-03-31 5202290 2021-03-31 5202290 core:FurnitureFittingsToolsEquipment 2021-03-31 5202290 2020-04-01 2021-03-31 5202290 2021-03-31 5202290 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2021-03-31 5202290 core:CurrentFinancialInstruments 2021-03-31 5202290 core:CurrentFinancialInstruments core:WithinOneYear 2021-03-31 5202290 core:FurnitureFittingsToolsEquipment 2021-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 5202290

Bansback Consultancy Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2022

 

Bansback Consultancy Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Bansback Consultancy Limited

Company Information

Directors

Mr Robert Bansback

Mrs Barbara Bansback

Registered office

10 Milebush
Leighton Buzzard
Bedfordshire
LU7 2UB

Accountants

SG Accountancy Solutions Ltd
Chartered Accountant
106 Dunstable Road
Studham
Bedfordshire
LU6 2QL

 

Bansback Consultancy Limited

(Registration number: 5202290)
Balance Sheet as at 31 March 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

765

1

Current assets

 

Debtors

5

806

1,075

Other financial assets

53,264

52,694

Cash at bank and in hand

 

21,591

21,598

 

75,661

75,367

Creditors: Amounts falling due within one year

6

(116,191)

(115,626)

Net current liabilities

 

(40,530)

(40,259)

Net liabilities

 

(39,765)

(40,258)

Capital and reserves

 

Called up share capital

7

2

2

Profit and loss account

(39,767)

(40,260)

Shareholders' deficit

 

(39,765)

(40,258)

For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 7 September 2022 and signed on its behalf by:
 

 

Bansback Consultancy Limited

(Registration number: 5202290)
Balance Sheet as at 31 March 2022

.........................................
Mr Robert Bansback
Director

 

Bansback Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
10 Milebush
Leighton Buzzard
Bedfordshire
LU7 2UB

These financial statements were authorised for issue by the Board on 7 September 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Bansback Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2021 - 2).

 

Bansback Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2021

3,691

3,691

Additions

1,140

1,140

At 31 March 2022

4,831

4,831

Depreciation

At 1 April 2021

3,690

3,690

Charge for the year

376

376

At 31 March 2022

4,066

4,066

Carrying amount

At 31 March 2022

765

765

At 31 March 2021

1

1

5

Debtors

2022
£

2021
£

Trade debtors

806

1,075

806

1,075

6

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Taxation and social security

72

285

Accruals and deferred income

725

1,002

Other creditors

115,394

114,339

116,191

115,626

 

Bansback Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

7

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2