Company Registration No. 4293487 (England and Wales)
Banbury Aerials Limited
Unaudited accounts
for the year ended 30 April 2023
Banbury Aerials Limited
Unaudited accounts
Contents
Banbury Aerials Limited
Company Information
for the year ended 30 April 2023
Directors
D R Lewis
S T Lewis
Company Number
4293487 (England and Wales)
Registered Office
Moreton House 31 High Street
Buckingham
Buckinghamshire
MK18 1NU
England
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
Banbury Aerials Limited
Statement of financial position
as at 30 April 2023
Tangible assets
248,985
205,069
Cash at bank and in hand
486,557
434,373
Creditors: amounts falling due within one year
(167,395)
(102,631)
Net current assets
1,158,501
897,788
Total assets less current liabilities
1,407,486
1,102,857
Creditors: amounts falling due after more than one year
(37,445)
-
Provisions for liabilities
Deferred tax
(15,078)
(5,873)
Net assets
1,354,963
1,096,984
Called up share capital
102
102
Profit and loss account
1,354,861
1,096,882
Shareholders' funds
1,354,963
1,096,984
For the year ending 30 April 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 15 January 2023 and were signed on its behalf by
D R Lewis
Director
Company Registration No. 4293487
Banbury Aerials Limited
Notes to the Accounts
for the year ended 30 April 2023
Banbury Aerials Limited is a private company, limited by shares, registered in England and Wales, registration number 4293487. The registered office is Moreton House 31 High Street, Buckingham, Buckinghamshire, MK18 1NU, England.
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:
Plant & machinery
15% on Reducing Balance
Motor vehicles
20% on Reducing Balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Banbury Aerials Limited
Notes to the Accounts
for the year ended 30 April 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2022
174,161
14,426
65,232
253,819
Additions
-
-
62,690
62,690
Disposals
-
-
(29,311)
(29,311)
At 30 April 2023
174,161
14,426
98,611
287,198
At 1 May 2022
-
8,433
40,317
48,750
Charge for the year
-
899
13,342
14,241
On disposals
-
-
(24,778)
(24,778)
At 30 April 2023
-
9,332
28,881
38,213
At 30 April 2023
174,161
5,094
69,730
248,985
At 30 April 2022
174,161
5,993
24,915
205,069
Amounts falling due within one year
Trade debtors
42,268
35,778
Accrued income and prepayments
16,914
21,830
Other debtors
769,362
494,738
7
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
5,081
-
Trade creditors
50,574
27,018
Taxes and social security
74,602
51,061
Loans from directors
8,100
8,000
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
37,445
-
9
Average number of employees
During the year the average number of employees was 9 (2022: 10).