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REGISTERED NUMBER: 07562298 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Banana UK Media Ltd

Banana UK Media Ltd (Registered number: 07562298)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Banana UK Media Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J Mistry
N Newton
J Mistry





REGISTERED OFFICE: 2 Walsworth Road
HITCHIN
Hertfordshire
SG4 9SP





REGISTERED NUMBER: 07562298 (England and Wales)





ACCOUNTANTS: D and E Accountancy Ltd
Tax Advisors and Accountants
2nd Floor, 2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP

Banana UK Media Ltd (Registered number: 07562298)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 3,375
Tangible assets 5 30,086 38,476
30,086 41,851

CURRENT ASSETS
Stocks 8,000 8,000
Debtors 6 87,136 106,784
Cash at bank 8,174 11,737
103,310 126,521
CREDITORS
Amounts falling due within one year 7 108,323 140,497
NET CURRENT LIABILITIES (5,013 ) (13,976 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,073

27,875

CREDITORS
Amounts falling due after more than
one year

8

(14,104

)

(26,667

)

PROVISIONS FOR LIABILITIES 9 (10,038 ) -
NET ASSETS 931 1,208

Banana UK Media Ltd (Registered number: 07562298)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 831 1,108
SHAREHOLDERS' FUNDS 931 1,208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 12 March 2025 and were signed on its behalf by:





J Mistry - Director


Banana UK Media Ltd (Registered number: 07562298)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Banana UK Media 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.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.


Banana UK Media Ltd (Registered number: 07562298)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 80,000
AMORTISATION
At 1 April 2023 76,625
Amortisation for year 3,375
At 31 March 2024 80,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 3,375

Banana UK Media Ltd (Registered number: 07562298)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 136,779 32,080 168,859
Additions - 3,582 3,582
At 31 March 2024 136,779 35,662 172,441
DEPRECIATION
At 1 April 2023 112,955 17,428 130,383
Charge for year 5,955 6,017 11,972
At 31 March 2024 118,910 23,445 142,355
NET BOOK VALUE
At 31 March 2024 17,869 12,217 30,086
At 31 March 2023 23,824 14,652 38,476

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 40,000
DEPRECIATION
At 1 April 2023 9,844
Charge for year 3,164
At 31 March 2024 13,008
NET BOOK VALUE
At 31 March 2024 26,992
At 31 March 2023 30,156

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 18,733 79,823
Other debtors 15,724 4,825
Directors' current accounts 47,295 15,409
Prepayments 5,384 6,727
87,136 106,784

Banana UK Media Ltd (Registered number: 07562298)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,608 8,654
Trade creditors 17,489 23,762
Tax 22,851 1,026
Social security and other taxes 12,553 33,597
VAT 24,014 17,560
Other creditors 18,308 53,148
Accrued expenses 2,500 2,750
108,323 140,497

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 11,154 10,000
Bank loans - 2-5 years 2,950 16,667
14,104 26,667

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 10,038 -

Deferred
tax
£   
Charge to Income Statement during year 10,038
Balance at 31 March 2024 10,038

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

Banana UK Media Ltd (Registered number: 07562298)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. RESERVES
Retained
earnings
£   

At 1 April 2023 1,108
Profit for the year 24,723
Dividends (25,000 )
At 31 March 2024 831

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
J Mistry
Balance outstanding at start of year - -
Amounts advanced 16,147 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,147 -

N Newton
Balance outstanding at start of year - -
Amounts advanced 16,147 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,147 -

The Directors borrowing will be repaid shortly, a commercial rate of interest will be charged.