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REGISTERED NUMBER: 11035207 (England and Wales)















Banned Ecomm Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Banned Ecomm Limited (Registered number: 11035207)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Banned Ecomm Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S Syal
Mrs J E Syal





REGISTERED OFFICE: Unit 1
Westfield Close
Rawreth Industrial Estate
Rayleigh
Essex
SS6 9RL





REGISTERED NUMBER: 11035207 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Banned Ecomm Limited (Registered number: 11035207)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 121 181
121 181

CURRENT ASSETS
Debtors 6 2,963 583
Cash at bank 13,492 8,729
16,455 9,312
CREDITORS
Amounts falling due within one year 7 83,577 91,211
NET CURRENT LIABILITIES (67,122 ) (81,899 )
TOTAL ASSETS LESS CURRENT LIABILITIES (67,001 ) (81,718 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (67,101 ) (81,818 )
SHAREHOLDERS' FUNDS (67,001 ) (81,718 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Banned Ecomm Limited (Registered number: 11035207)

Statement of Financial Position - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2024 and were signed on its behalf by:




Mrs J E Syal - Director



S Syal - Director


Banned Ecomm Limited (Registered number: 11035207)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Banned Ecomm Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

At the year end the company had net liabilities of £81,718. Included within creditors is an amount of £82,639 owed to the parent company. The company is dependent on the financial support of the directors and parent company who have continued to provide this support since the year end.

Income recognition
Income represents the fair value of consideration received or receivable derived from the provision of goods and services to customers during the period (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Banned Ecomm Limited (Registered number: 11035207)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 27,120
AMORTISATION
At 1 April 2023
and 31 March 2024 27,120
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 7,895
DEPRECIATION
At 1 April 2023 7,714
Charge for year 60
At 31 March 2024 7,774
NET BOOK VALUE
At 31 March 2024 121
At 31 March 2023 181

Banned Ecomm Limited (Registered number: 11035207)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,800 -
Amounts owed by group undertakings - 101
Other debtors 1,163 482
2,963 583

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 77,768 89,162
Taxation and social security 4,307 547
Other creditors 1,502 1,502
83,577 91,211

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling company and the relevant legal entity is Lifestyle Group (UK) Ltd of Unit 1 Westfield Close, Raweth Industrial Estate, Raweth Lane, Rayleigh Essex SS6 9RL.