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Registered number: 11579271

BANKS DEVELOPMENTS YORK LTD

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
NCL Services Ltd
Chartered Certified Accountants
3 Wood Close
Strensall
York
N Yorks
YO32 5YH

BANKS DEVELOPMENTS YORK LTD

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
Mr J P Banks
REGISTERED OFFICE
3 Wood Close
Strensall
York
N Yorks
YO32 5YH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11579271
ACCOUNTANTS
NCL Services Ltd
Chartered Certified Accountants
3 Wood Close
Strensall
York
N Yorks
YO32 5YH

BANKS DEVELOPMENTS YORK LTD

BALANCE SHEET AT 31/03/2024
20242023
Notes££
CURRENT ASSETS
Stock717,714478,531
Debtors4604403
Cash at bank and in hand688376
719,006479,310
CREDITORS: Amounts falling due within one year5433,374479,866
NET CURRENT ASSETS / (LIABILITIES)285,632(556)
TOTAL ASSETS LESS CURRENT LIABILITIES285,632(556)
CREDITORS: Amounts falling due after more than one year6300,000-
NET LIABILITIES(14,368)(556)
CAPITAL AND RESERVES
Called up share capital75050
Profit and loss account(14,418)(606)
SHAREHOLDERS' FUNDS(14,368)(556)
For the year ending 31/03/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 04/03/2025 and signed on their behalf by
.............................
Mr J P Banks
Director

BANKS DEVELOPMENTS YORK LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20242023
No.No.
Average number of employees--
3. STOCK 20242023
££
Stock comprises:
Development costs717,714478,531
717,714478,531
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors604403
604403

BANKS DEVELOPMENTS YORK LTD

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Directors current account432,174479,266
Trade creditors1,200600
433,374479,866
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank Loans >1yr300,000-
300,000-
The Loan is secured on the Development Site.
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
50 Class 1 shares of £1.00 each50.0050.00
5050