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REGISTERED NUMBER: 12090778 (England and Wales)















BANQUIST LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






BANQUIST LTD (REGISTERED NUMBER: 12090778)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


BANQUIST LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







Directors: S R M Evans
J C I Heilbron
J E Inglis





Registered office: 2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR





Registered number: 12090778 (England and Wales)





Accountants: Roberts & Co
Chartered Accountants
2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR

BANQUIST LTD (REGISTERED NUMBER: 12090778)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £ £ £
Fixed assets
Tangible assets 4 9,331 11,949
Investments 5 32,778 -
42,109 11,949

Current assets
Stocks 1,105,474 471,001
Debtors 6 237,271 87,963
Cash at bank 1,663,699 1,142,468
3,006,444 1,701,432
Creditors
Amounts falling due within one year 7 1,364,856 825,076
Net current assets 1,641,588 876,356
Total assets less current liabilities 1,683,697 888,305

Capital and reserves
Called up share capital 125 125
Share premium 1,586,617 1,586,617
Retained earnings 96,955 (698,437 )
Shareholders' funds 1,683,697 888,305

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 29 April 2025 and were signed on its behalf by:





S R M Evans - Director


BANQUIST LTD (REGISTERED NUMBER: 12090778)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. Statutory information

Banquist 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 4 (2023 - 3 ) .

BANQUIST LTD (REGISTERED NUMBER: 12090778)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 August 2023 22,925
Additions 492
At 31 July 2024 23,417
Depreciation
At 1 August 2023 10,976
Charge for year 3,110
At 31 July 2024 14,086
Net book value
At 31 July 2024 9,331
At 31 July 2023 11,949

5. Fixed asset investments
Shares in
group
undertakings
£
Cost
Additions 32,778
At 31 July 2024 32,778
Net book value
At 31 July 2024 32,778

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 216,277 86,683
Other debtors 20,994 1,280
237,271 87,963

7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 836,182 551,993
Taxation and social security 469,347 172,247
Other creditors 59,327 100,836
1,364,856 825,076