Company Registration No. 10819956 (England and Wales)
Bancil Limited
Unaudited accounts
for the year ended 30 June 2024
Bancil Limited
Unaudited accounts
Contents
Bancil Limited
Company Information
for the year ended 30 June 2024
Director
Mr Lakhwinder Singh Bancil
Secretary
Mr Avtar Singh Bancil
Company Number
10819956 (England and Wales)
Registered Office
37 SEYMOUR ROAD
SLOUGH
SL1 2NS
ENGLAND
Bancil Limited
Statement of financial position
as at 30 June 2024
Investment property
200,000
175,000
Cash at bank and in hand
13,655
9,366
Creditors: amounts falling due within one year
(2,394)
(1,216)
Net current assets
11,261
9,333
Net assets
211,261
184,333
Called up share capital
127,000
127,000
Revaluation reserve
76,139
51,139
Profit and loss account
8,122
6,194
Shareholders' funds
211,261
184,333
For the year ending 30 June 2024 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 31 December 2024 and were signed on its behalf by
Mr Lakhwinder Singh Bancil
Director
Company Registration No. 10819956
Bancil Limited
Notes to the Accounts
for the year ended 30 June 2024
Bancil Limited is a private company, limited by shares, registered in England and Wales, registration number 10819956. The registered office is 37 SEYMOUR ROAD, SLOUGH, SL1 2NS, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 July 2023
175,000
Net gain from fair value adjustments
25,000
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,860
796
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).