Company Registration No. 11188547 (England and Wales)
T & L Banks Ltd
Unaudited accounts
for the year ended 31 March 2023
T & L Banks Ltd
Unaudited accounts
Contents
T & L Banks Ltd
Company Information
for the year ended 31 March 2023
Company Number
11188547 (England and Wales)
Registered Office
3 Barnfield
Capel St Mary
Ipswich
IP9 2UL
Accountants
Aldertons Accountants
Oak House
2 Woodward Close
Ipswich
IP2 0EA
T & L Banks Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
52,539
7,050
Inventories
121,424
18,047
Cash at bank and in hand
36,918
3,552
Creditors: amounts falling due within one year
(185,691)
(105,777)
Net current assets
28,648
7,818
Total assets less current liabilities
81,187
14,868
Creditors: amounts falling due after more than one year
(7,721)
(10,057)
Called up share capital
10
10
Profit and loss account
73,456
4,801
Shareholders' funds
73,466
4,811
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by
L Banks
Director
Company Registration No. 11188547
T & L Banks Ltd
Notes to the Accounts
for the year ended 31 March 2023
T & L Banks Ltd is a private company, limited by shares, registered in England and Wales, registration number 11188547. The registered office is 3 Barnfield, Capel St Mary, Ipswich, IP9 2UL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
-
9,500
500
10,000
Additions
59,649
-
-
59,649
At 31 March 2023
59,649
9,500
500
69,649
At 1 April 2022
-
2,850
100
2,950
Charge for the year
11,930
1,900
330
14,160
At 31 March 2023
11,930
4,750
430
17,110
At 31 March 2023
47,719
4,750
70
52,539
At 31 March 2022
-
6,650
400
7,050
T & L Banks Ltd
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
38,259
83,169
Amounts falling due after more than one year
Accrued income and prepayments
4,395
2,869
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
134,505
93,321
Taxes and social security
21,502
9,449
Loans from directors
26,700
-
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).