Banner Management Associates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12838430 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2022

for

Banner Management Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J Barsby

Mr B N C Waring

SECRETARY:

REGISTERED OFFICE:

80 Friar Gate

Derby

DE1 1FL

REGISTERED NUMBER:

12838430 (England and Wales)

ACCOUNTANTS:

MPS Accountancy Services Limited

80 Friar Gate

Derby

Derbyshire

DE1 1FL

FIXED ASSETS

Tangible assets

4

102

-

CURRENT ASSETS

Debtors

5

158,279

179,345

Prepayments and accrued income

18,204

89,531

Cash at bank

110,900

74,936

287,383

343,812

CREDITORS

Amounts falling due within one year

6

175,931

218,701

NET CURRENT ASSETS

111,452

125,111

TOTAL ASSETS LESS CURRENT LIABILITIES

111,554

125,111

ACCRUALS AND DEFERRED INCOME

-

34,931

NET ASSETS

111,554

90,180

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

111,454

90,080

111,554

90,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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 30 September 2022 and were signed on its behalf by:

Mr J Barsby - Director

Mr B N C Waring - Director

1.	STATUTORY INFORMATION

Banner Management Associates Limited 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

120

At 31 August 2022

120

DEPRECIATION

Charge for year

18

At 31 August 2022

18

NET BOOK VALUE

At 31 August 2022

102

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.22

31.8.21

£

£

Trade debtors

55,645

85,866

Other debtors

102,634

93,479

158,279

179,345

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.22

31.8.21

£

£

Trade creditors

163,732

197,571

Taxation and social security

12,018

21,130

Other creditors

181

-

175,931

218,701

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 August 2022 and the period ended 31 August 2021:

31.8.22

31.8.21

£

£

Mr J Barsby

Balance outstanding at start of year

50

-

Amounts advanced

-

50

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

50

50

Mr B N C Waring

Balance outstanding at start of year

50

-

Amounts advanced

-

50

Amounts repaid

(50

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

50