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Company Registration No. 11188547 (England and Wales)
T & L Banks Ltd Unaudited accounts for the year ended 31 March 2024
T & L Banks Ltd Unaudited accounts Contents
Page
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T & L Banks Ltd Company Information for the year ended 31 March 2024
Directors
T Banks L Banks
Company Number
11188547 (England and Wales)
Registered Office
3 Barnfield Capel St Mary Ipswich IP9 2UL
Accountants
Aldertons Accountants Oak House 2 Woodward Close Ipswich Suffolk IP2 0EA
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T & L Banks Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
37,983 
52,539 
Current assets
Inventories
131,886 
121,424 
Debtors
9,272 
55,997 
Cash at bank and in hand
11,254 
36,918 
152,412 
214,339 
Creditors: amounts falling due within one year
(150,246)
(185,691)
Net current assets
2,166 
28,648 
Total assets less current liabilities
40,149 
81,187 
Creditors: amounts falling due after more than one year
(5,538)
(7,721)
Net assets
34,611 
73,466 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
34,601 
73,456 
Shareholders' funds
34,611 
73,466 
For the year ending 31 March 2024 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 August 2024 and were signed on its behalf by
L Banks Director Company Registration No. 11188547
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T & L Banks Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
T & L Banks Ltd is a private company, limited by shares, registered in England and Wales, registration number 11188547. The registered office is 3 Barnfield, Capel St Mary, Ipswich, IP9 2UL.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
20% straight line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
59,649 
9,500 
500 
69,649 
Additions
- 
- 
51 
51 
At 31 March 2024
59,649 
9,500 
551 
69,700 
Depreciation
At 1 April 2023
11,930 
4,750 
430 
17,110 
Charge for the year
11,930 
2,375 
302 
14,607 
At 31 March 2024
23,860 
7,125 
732 
31,717 
Net book value
At 31 March 2024
35,789 
2,375 
(181)
37,983 
At 31 March 2023
47,719 
4,750 
70 
52,539 
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T & L Banks Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,546 
13,343 
Trade debtors
2,648 
38,259 
Accrued income and prepayments
4,078 
4,395 
9,272 
55,997 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
68,630 
134,505 
Taxes and social security
7,045 
21,502 
Loans from directors
71,500 
26,700 
Accruals
3,071 
2,984 
150,246 
185,691 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,538 
7,721 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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