MARK BANBURY FLOORING LIMITED

Company Registration Number:
09094118 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

MARK BANBURY FLOORING LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

MARK BANBURY FLOORING LIMITED

Balance sheet

As at 30 June 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 16,951 22,602
Total fixed assets: 16,951 22,602
Current assets
Stocks: 0 0
Debtors:   60,871 49,925
Cash at bank and in hand: 500,040 315,920
Total current assets: 560,911 365,845
Creditors: amounts falling due within one year: 4 (147,664) (98,538)
Net current assets (liabilities): 413,247 267,307
Total assets less current liabilities: 430,198 289,909
Creditors: amounts falling due after more than one year: 5 (9,198) (19,215)
Provision for liabilities: (4,204) (5,610)
Total net assets (liabilities): 416,796 265,084
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 416,696 264,984
Shareholders funds: 416,796 265,084

The notes form part of these financial statements

MARK BANBURY FLOORING LIMITED

Balance sheet statements

For the year ending 30 June 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 13 March 2025
and signed on behalf of the board by:

Name: M D Banbury
Status: Director

The notes form part of these financial statements

MARK BANBURY FLOORING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises revenue recognised by the Company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts. Revenue is recognised as earned when, and to the extent that, the firm earns the right to consideration in exchange for services provided. It is measured at the fair value of the right to consideration, which represents the amount chargeable to clients, including expenses and disbursements but excluding value added tax.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rate in order to write off each asset over its estimated useful life. Motor Vehicles - 25% reducing balance basis Office Equipment - 25% reducing balance basis Plant and Machinery - 25% reducing balance basis

Other accounting policies

Debtors and Creditors Receivable/Payable Within One Year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Taxation Taxation represents the sum of tax currently payable and deferred tax. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

MARK BANBURY FLOORING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

MARK BANBURY FLOORING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible Assets

Total
Cost £
At 01 July 2023 73,451
At 30 June 2024 73,451
Depreciation
At 01 July 2023 50,849
Charge for year 5,651
At 30 June 2024 56,500
Net book value
At 30 June 2024 16,951
At 30 June 2023 22,602

MARK BANBURY FLOORING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Creditors: amounts falling due within one year note

The Company has a Government Bounce Back Loan of £19,198 (2023 - £29,215) . Of this sum £10,000 is repayable within one year ( 2023 - £10,000).

MARK BANBURY FLOORING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due after more than one year note

The Company has a Government Bounce Back Loan of £19,198 (2023 - £29,215) . Of this sum £9,198 is repayable in more than one year ( 2023 - £19,215).