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Bandicoot Limited
Registered Number:05073664
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
Bandicoot Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
05073664
As at 31 March 2023
Bandicoot Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
380
380
2
Property, plant and equipment
3,851
(7,902)
3
4,231
(7,522)
Current assets
Trade and other receivables
17,388
26,489
4
53,798
Cash and cash equivalents
82,226
108,715
71,186
Trade and other payables: amounts falling due within one
year
(19,959)
(45,174)
5
51,227
63,541
Net current assets
Total assets less current liabilities
67,772
43,705
67,772
Net assets
43,705
Capital and reserves
Called up share capital
7,000
7,000
Retained earnings
60,772
36,705
67,772
43,705
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Anna Natalia Bowen Director
These financial statements were approved and authorised for issue by the Board on 11 October 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2023
Bandicoot Limited
Notes to the Financial Statements
Statutory Information
Bandicoot Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 05073664.
Registered address:
Fern Bank Business Centre
210 Coalclough Lane
Burnley
Lancashire
BB11 4NJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Equipment for lease
33.33 Straight line
33.33 Straight line
Equip, fixtures and fittings
Government grants
Government grants received are credited tp the P & L account, the grants received relate to the grants made avaialble such as CJRS scheme and other initiatives to support businesses during a Global Pandemic. These are clearly marked in the acocunts and not off set in any way against expenditure.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Trading during a Global Pandemic
The Company moved most employees to work from home during the pandemic as were the legal requirements to
work from home, some staf were furloughed with most returning after May 2021.
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5
For the year ended 31 March 2023
Bandicoot Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Intellectual
Property
Cost or valuation
£
At 01 April 2022
380
At 31 March 2023
380
Net book value
At 31 March 2023
380
At 31 March 2022
380
3. Property, plant and equipment
Total
Equip, fixtures
and fittings
Equipment for
lease
£
£
£
Cost or
valuation
At 01 April 2022
32,014
27,890
4,124
5,776
5,776
-
Additions
At 31 March 2023
4,124
33,666
37,790
Provision for depreciation and impairment
At 01 April 2022
39,916
35,923
3,993
Charge for year
(5,977)
(6,108)
131
At 31 March 2023
33,939
29,815
4,124
At 31 March 2023
Net book value
-
3,851
3,851
At 31 March 2022
131
(8,033)
(7,902)
4. Trade and other receivables
2022
2023
£
£
Trade debtors
22,946
17,226
Other debtors
3,543
162
17,388
26,489
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6
For the year ended 31 March 2023
Bandicoot Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
20,251
1,350
Trade creditors
3,806
2,656
Taxation and social security
20,417
15,253
Other creditors
700
700
45,174
19,959
6. Average number of persons employed
During the year the average number of employees was 6 (2022 : 6)
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