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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
Page
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Banana Management Company Limited Company Information for the year ended 31 October 2023
Director
M B Jones
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
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Banana Management Company Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
126,675 
167,832 
Current assets
Inventories
16,595 
16,595 
Debtors
23,255 
43,308 
Cash at bank and in hand
3,642 
10,425 
43,492 
70,328 
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)
Capital and reserves
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
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Banana Management Company Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
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.
Turnover
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
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.
Pension costs
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.
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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 
Additions
- 
7,440 
7,440 
At 31 October 2023
25,430 
248,822 
274,252 
Depreciation
At 1 November 2022
- 
98,980 
98,980 
Charge for the year
- 
48,597 
48,597 
At 31 October 2023
- 
147,577 
147,577 
Net book value
At 31 October 2023
25,430 
101,245 
126,675 
At 31 October 2022
25,430 
142,402 
167,832 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
15,264 
Other debtors
23,255 
28,044 
23,255 
43,308 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,548 
6,214 
VAT
40,157 
52,183 
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 
- 
268,336 
313,364 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
35,619 
37,339 
Other creditors
38,405 
38,549 
74,024 
75,888 
8
Average number of employees
During the year the average number of employees was 22 (2022: 20).
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