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Registered number: 10700246














BANNERBOY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 
BANNERBOY LIMITED
 

CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 4


 
BANNERBOY LIMITED
REGISTERED NUMBER:10700246

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
148,050
236,644

Bank and cash balances
  
-
258,988

  
148,050
495,632

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(1,046)
(398,055)

  

Net assets
  
147,004
97,577


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
146,904
97,477

  
147,004
97,577


The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 March 2025.




L V C Lötebo
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
BANNERBOY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Bannerboy Ltd is a private limited liability company incorporated in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the company is that of a digital advertising agency.
The Company's functional and presentational currency is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Turnover

Turnover comprises revenue recognised by the Company in respect of services supplied during the period, exclusive of Value Added Tax.
Revenue is recognised by apportioning fees billed or billable to the appropriate period to reflect the extent of work carried out.

Page 2

 
BANNERBOY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Debtors

Short-term debtors are measured at the transaction price, less any impairment. 

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Debtors

2024
2023
£
£


Trade debtors
-
236,644

Amounts owed by group undertakings
147,654
-

Other debtors
317
-

Prepayments and accrued income
79
-

148,050
236,644



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
246
-

Amounts owed to group undertakings
-
389,620

Other taxation and social security
-
6,935

Accruals and deferred income
800
1,500

1,046
398,055


Page 3

 
BANNERBOY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



7.


Controlling party

The company is a wholly-owned subsidiary of Bannerboy AB, a company registered in Sweden. 
The directors regard Precis Holdings AB, a company incorporated in Sweden as the ultimate parent undertaking. 
Precis Holdings AB is the parent company of the largest and smallest group of which Bannerboy Limited is a member and for which group financial statements are prepared. Group financial statements are available upon request from Alstromergatan 20a, 112 47, Stockholm, Sweden.


8.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 24 March 2025 by Stephen Iseman FCA (Senior Statutory Auditor) on behalf of Stephen Iseman & Co.

 
Page 4