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REGISTERED NUMBER: 04452788 (England and Wales)















Banson Decorators Ltd

Unaudited Financial Statements for the Year Ended 30 June 2024






Banson Decorators Ltd (Registered number: 04452788)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Banson Decorators Ltd

Company Information
for the Year Ended 30 June 2024







Directors: J T Banson
Mrs C Banson





Secretary: Mrs C Banson





Registered office: Westbury, 8 The Street
Bintree
Dereham
Norfolk
NR20 5AH





Registered number: 04452788 (England and Wales)





Accountants: Fairhead Bradford
5 Queen Street
Great Yarmouth
Norfolk
NR30 2QP

Banson Decorators Ltd (Registered number: 04452788)

Statement of Financial Position
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 178 223
Investment property 5 349,000 360,480
349,178 360,703

Current assets
Debtors 6 4,195 4,524
Cash at bank 8,717 7,744
12,912 12,268
Creditors
Amounts falling due within one year 7 46,887 47,647
Net current liabilities (33,975 ) (35,379 )
Total assets less current liabilities 315,203 325,324

Capital and reserves
Called up share capital 1,000 1,000
Other reserves 84,748 96,228
Retained earnings 229,455 228,096
Shareholders' funds 315,203 325,324

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 18 February 2025 and were signed on its behalf by:





J T Banson - Director


Banson Decorators Ltd (Registered number: 04452788)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. Statutory information

Banson Decorators Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Banson Decorators Ltd (Registered number: 04452788)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 July 2023
and 30 June 2024 4,551
Depreciation
At 1 July 2023 4,328
Charge for year 45
At 30 June 2024 4,373
Net book value
At 30 June 2024 178
At 30 June 2023 223

5. Investment property
Total
£   
Fair value
At 1 July 2023 360,480
Revaluations (11,480 )
At 30 June 2024 349,000
Net book value
At 30 June 2024 349,000
At 30 June 2023 360,480

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2018 265,000
Valuation in 2021 17,499
Valuation in 2022 66,500
Valuation in 2023 11,481
Valuation in 2024 (11,480 )
349,000

If the investments properties had not been revalued they would have been included at the following historical cost:

30/6/24 30/6/23
£    £   
Cost 282,865 282,865

Investment properties were valued on an open market basis on 17 February 2025 by the Directors .

Banson Decorators Ltd (Registered number: 04452788)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. Debtors: amounts falling due within one year
30/6/24 30/6/23
£    £   
Trade debtors 600 600
Other debtors 3,595 3,924
4,195 4,524

7. Creditors: amounts falling due within one year
30/6/24 30/6/23
£    £   
Trade creditors 160 160
Taxation and social security 1,474 713
Other creditors 45,253 46,774
46,887 47,647