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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
Page
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T & L Banks Ltd Company Information for the year ended 31 March 2023
Directors
T Banks L Banks
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
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T & L Banks Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
52,539 
7,050 
Current assets
Inventories
121,424 
18,047 
Debtors
55,997 
91,996 
Cash at bank and in hand
36,918 
3,552 
214,339 
113,595 
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)
Net assets
73,466 
4,811 
Capital and reserves
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
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T & L Banks Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 March 2023
47,719 
4,750 
70 
52,539 
At 31 March 2022
- 
6,650 
400 
7,050 
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T & L Banks Ltd Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
13,343 
- 
Trade debtors
38,259 
83,169 
51,602 
83,169 
Amounts falling due after more than one year
Accrued income and prepayments
4,395 
2,869 
Other debtors
- 
5,958 
4,395 
8,827 
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 
- 
Accruals
2,984 
3,007 
185,691 
105,777 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
7,721 
10,057 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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