BANA VAID & ASSOCIATES LIMITED

Company Registration Number:
08755564 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

BANA VAID & ASSOCIATES LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

BANA VAID & ASSOCIATES LIMITED

Balance sheet

As at 30 June 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 640,000 680,000
Tangible assets: 4 3,928 4,910
Total fixed assets: 643,928 684,910
Current assets
Debtors:   382,837 248,744
Cash at bank and in hand: 212,000 202,664
Total current assets: 594,837 451,408
Creditors: amounts falling due within one year:   (546,378) (415,162)
Net current assets (liabilities): 48,459 36,246
Total assets less current liabilities: 692,387 721,156
Total net assets (liabilities): 692,387 721,156
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 692,385 721,154
Shareholders funds: 692,387 721,156

The notes form part of these financial statements

BANA VAID & ASSOCIATES LIMITED

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 October 2023
and signed on behalf of the board by:

Name: Ms Beroze Bana
Status: Director

The notes form part of these financial statements

BANA VAID & ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

BANA VAID & ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

2023 2022
Average number of employees during the period 8 8

BANA VAID & ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Intangible Assets

Total
Cost £
At 01 July 2022 800,000
At 30 June 2023 800,000
Amortisation
At 01 July 2022 120,000
Charge for year 40,000
At 30 June 2023 160,000
Net book value
At 30 June 2023 640,000
At 30 June 2022 680,000

BANA VAID & ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Tangible Assets

Total
Cost £
At 01 July 2022 6,137
At 30 June 2023 6,137
Depreciation
At 01 July 2022 1,227
Charge for year 982
At 30 June 2023 2,209
Net book value
At 30 June 2023 3,928
At 30 June 2022 4,910

BANA VAID & ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Loans to directors

Name of director receiving advance or credit: B Ban & R Vaid
Description of the loan: Director's loan was cleared by way of dividends within 9 month after the year end
£
Balance at 01 July 2022 80,626
Advances or credits made: 286,379
Advances or credits repaid: 80,626
Balance at 30 June 2023 286,379