Bann Valley Limited
Statement of financial position
as at 31 March 2025
Tangible assets
8,478
11,227
Cash at bank and in hand
11,186
13,434
Creditors: amounts falling due within one year
(9,155)
(9,805)
Net current assets
22,599
58,757
Total assets less current liabilities
31,077
69,984
Creditors: amounts falling due after more than one year
(21,919)
(59,844)
Called up share capital
100
100
Profit and loss account
9,058
10,040
Shareholders' funds
9,158
10,140
For the year ending 31 March 2025 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 30 December 2025 and were signed on its behalf by
Sebastian McMichael
Director
Company Registration No. NI644529
Bann Valley Limited
Notes to the Accounts
for the year ended 31 March 2025
Bann Valley Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI644529. The registered office is 136 Ballycastle Road Ballycastle Road, Coleraine, BT52 2DZ, Northern Ireland.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
4 years s/l
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
2,250
14,750
2,500
19,500
At 31 March 2025
2,250
14,750
2,500
19,500
At 1 April 2024
1,610
4,562
2,101
8,273
Charge for the year
-
2,350
399
2,749
At 31 March 2025
1,610
6,912
2,500
11,022
At 31 March 2025
640
7,838
-
8,478
At 31 March 2024
640
10,188
399
11,227
Amounts falling due within one year
Trade debtors
5,568
16,080
Bann Valley Limited
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
7,028
9,055
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
9,512
9,871
Loans from directors
7,907
45,473
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).