Company Registration No. 10874917 (England and Wales)
Banana Management Company Limited
Unaudited accounts
for the year ended 31 October 2023
Banana Management Company Limited
Unaudited accounts
Contents
Banana Management Company Limited
Company Information
for the year ended 31 October 2023
Company Number
10874917 (England and Wales)
Registered Office
THE RED LION OLD ROAD
BUCKLAND
BETCHWORTH
RH3 7DS
ENGLAND
Accountants
Golding & Co Accounting Services Limited
29 Blackwood Close
West Byfleet
Surrey
KT14 6PP
Banana Management Company Limited
Statement of financial position
as at 31 October 2023
Tangible assets
126,675
167,832
Cash at bank and in hand
3,642
10,425
Creditors: amounts falling due within one year
(268,336)
(313,364)
Net current liabilities
(224,844)
(243,036)
Total assets less current liabilities
(98,169)
(75,204)
Creditors: amounts falling due after more than one year
(74,024)
(75,888)
Net liabilities
(172,193)
(151,092)
Called up share capital
100
100
Profit and loss account
(172,293)
(151,192)
Shareholders' funds
(172,193)
(151,092)
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 28 August 2024 and were signed on its behalf by
M B Jones
Director
Company Registration No. 10874917
Banana Management Company Limited
Notes to the Accounts
for the year ended 31 October 2023
Banana Management Company Limited is a private company, limited by shares, registered in England and Wales, registration number 10874917. The registered office is THE RED LION OLD ROAD, BUCKLAND, BETCHWORTH, RH3 7DS, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided on all tangible assets, other than freehold land, at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over the lease term
Fixtures & fittings
over 5years
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Banana Management Company Limited
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2022
25,430
241,382
266,812
At 31 October 2023
25,430
248,822
274,252
At 1 November 2022
-
98,980
98,980
Charge for the year
-
48,597
48,597
At 31 October 2023
-
147,577
147,577
At 31 October 2023
25,430
101,245
126,675
At 31 October 2022
25,430
142,402
167,832
Amounts falling due within one year
Accrued income and prepayments
-
15,264
Other debtors
23,255
28,044
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,548
6,214
Trade creditors
104,558
120,520
Taxes and social security
57,087
74,265
Other creditors
53,751
60,182
Loans from directors
6,235
-
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
38,405
38,549
8
Average number of employees
During the year the average number of employees was 22 (2022: 20).