Abbreviated Company Accounts - BANJIMAK CONSULTING LIMITED

Abbreviated Company Accounts - BANJIMAK CONSULTING LIMITED


Registered Number 08515273

BANJIMAK CONSULTING LIMITED

Abbreviated Accounts

29 May 2015

BANJIMAK CONSULTING LIMITED Registered Number 08515273

Abbreviated Balance Sheet as at 29 May 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 156 321
156 321
Current assets
Debtors 13,943 8,256
Cash at bank and in hand 2,322 24,502
16,265 32,758
Creditors: amounts falling due within one year (16,179) (23,098)
Net current assets (liabilities) 86 9,660
Total assets less current liabilities 242 9,981
Total net assets (liabilities) 242 9,981
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 142 9,881
Shareholders' funds 242 9,981
  • For the year ending 29 May 2015 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 20 May 2016

And signed on their behalf by:
Mr O Makanjuola, Director

BANJIMAK CONSULTING LIMITED Registered Number 08515273

Notes to the Abbreviated Accounts for the period ended 29 May 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings - 33.33% straight line

Other accounting policies
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

2Tangible fixed assets
£
Cost
At 31 May 2014 500
Additions -
Disposals -
Revaluations -
Transfers -
At 29 May 2015 500
Depreciation
At 31 May 2014 179
Charge for the year 165
On disposals -
At 29 May 2015 344
Net book values
At 29 May 2015 156
At 30 May 2014 321
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
100Ordinary shares of £1 each 100 100

4Transactions with directors

Name of director receiving advance or credit: Mr O Makanjuola
Description of the transaction: Loan from Mr O Makanjuola
Balance at 31 May 2014: £ 194
Advances or credits made: -
Advances or credits repaid: £ 194
Balance at 29 May 2015: £ 0

Name of director receiving advance or credit: Mr O Makanjuola
Description of the transaction: Loan to Mr O Makanjuola
Balance at 31 May 2014: -
Advances or credits made: £ 3,715
Advances or credits repaid: -
Balance at 29 May 2015: £ 3,715