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REGISTERED NUMBER: 10142815 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 April 2024

for

Bankfoot Developments Limited

Bankfoot Developments Limited (Registered number: 10142815)






Contents of the Financial Statements
For The Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bankfoot Developments Limited

Company Information
For The Year Ended 30 April 2024







DIRECTOR: C N Moore





REGISTERED OFFICE: Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE





REGISTERED NUMBER: 10142815 (England and Wales)





ACCOUNTANTS: Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE

Bankfoot Developments Limited (Registered number: 10142815)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 582 4,552
Investments 5 50 50
632 4,602

CURRENT ASSETS
Debtors 6 11,053 29,136
Cash at bank 140,580 125,319
151,633 154,455
CREDITORS
Amounts falling due within one year 7 15,791 53,892
NET CURRENT ASSETS 135,842 100,563
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,474

105,165

CREDITORS
Amounts falling due after more than one
year

8

-

(29,059

)

PROVISIONS FOR LIABILITIES 9 (111 ) (865 )
NET ASSETS 136,363 75,241

CAPITAL AND RESERVES
Called up share capital 10 102 102
Retained earnings 11 136,261 75,139
SHAREHOLDERS' FUNDS 136,363 75,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Bankfoot Developments Limited (Registered number: 10142815)

Balance Sheet - continued
30 April 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 director and authorised for issue on 16 August 2024 and were signed by:





C N Moore - Director


Bankfoot Developments Limited (Registered number: 10142815)

Notes to the Financial Statements
For The Year Ended 30 April 2024

1. STATUTORY INFORMATION

Bankfoot Developments 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and is recognised as project management services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation represents the sum of tax currently payable, and deferred tax if material.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Bankfoot Developments Limited (Registered number: 10142815)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 4,685 21,844 29,754 56,283
DEPRECIATION
At 1 May 2023 3,521 18,546 29,664 51,731
Charge for year 582 3,298 90 3,970
At 30 April 2024 4,103 21,844 29,754 55,701
NET BOOK VALUE
At 30 April 2024 582 - - 582
At 30 April 2023 1,164 3,298 90 4,552

5. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 May 2023
and 30 April 2024 50
NET BOOK VALUE
At 30 April 2024 50
At 30 April 2023 50

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 5,700 11,412
Tax 3,541 -
VAT 1,812 -
Prepayments - 17,724
11,053 29,136

Bankfoot Developments Limited (Registered number: 10142815)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts - 10,107
Trade creditors 13,835 31,851
Amounts owed to associates 50 50
Corporation tax - 8,586
Social security and other taxes - 194
VAT - 750
Directors' current accounts 406 926
Accrued expenses 1,500 1,428
15,791 53,892

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 29,059

9. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 111 865

Deferred
tax
£   
Balance at 1 May 2023 865
Provided during year (754 )
Balance at 30 April 2024 111

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
200 Ordinary £1 100 100
2 Ordinary B £1 2 2
102 102

11. RESERVES
Retained
earnings
£   

At 1 May 2023 75,139
Profit for the year 222,122
Dividends (161,000 )
At 30 April 2024 136,261