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REGISTERED NUMBER: 02935987 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Balamoon Limited
Trading as
Advertising Works

Balamoon Limited (Registered number: 02935987)
Trading as Advertising Works






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Balamoon Limited
Trading as Advertising Works

Company Information
for the Year Ended 31 July 2023







DIRECTOR: S A J Mullin





REGISTERED OFFICE: 55 Fountain Street
Morley
Leeds
West Yorkshire
LS27 0AA





REGISTERED NUMBER: 02935987 (England and Wales)





ACCOUNTANTS: Frank W Dobby & Co Limited
Chartered Certified Accountants
55 Fountain Street
Morley
Leeds
West Yorkshire
LS27 0AA

Balamoon Limited (Registered number: 02935987)
Trading as Advertising Works

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 144,609 201,856
Investments 5 4,700 4,700
149,309 206,556

CURRENT ASSETS
Debtors 6 194,445 250,918
Cash at bank 928,524 678,702
1,122,969 929,620
CREDITORS
Amounts falling due within one year 7 145,988 168,221
NET CURRENT ASSETS 976,981 761,399
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,126,290

967,955

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,126,190 967,855
SHAREHOLDERS' FUNDS 1,126,290 967,955

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 16 October 2023 and were signed by:



S A J Mullin - Director


Balamoon Limited (Registered number: 02935987)
Trading as Advertising Works

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Balamoon 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 50% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

Balamoon Limited (Registered number: 02935987)
Trading as Advertising Works

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 August 2022 11,871 329,927 108,385 261,755 711,938
Additions - 4,061 - - 4,061
Disposals - - - (27,105 ) (27,105 )
At 31 July 2023 11,871 333,988 108,385 234,650 688,894
DEPRECIATION
At 1 August 2022 - 325,654 97,934 86,494 510,082
Charge for year - 6,303 2,613 40,957 49,873
Eliminated on disposal - - - (15,670 ) (15,670 )
At 31 July 2023 - 331,957 100,547 111,781 544,285
NET BOOK VALUE
At 31 July 2023 11,871 2,031 7,838 122,869 144,609
At 31 July 2022 11,871 4,273 10,451 175,261 201,856

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.
At each balance sheet date the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2022
and 31 July 2023 4,700
NET BOOK VALUE
At 31 July 2023 4,700
At 31 July 2022 4,700

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 143,312 230,914
Other debtors 51,133 20,004
194,445 250,918

Balamoon Limited (Registered number: 02935987)
Trading as Advertising Works

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 4,576 6,768
Trade creditors 33,799 69,177
Taxation and social security 80,034 54,962
Other creditors 27,579 37,314
145,988 168,221

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
S A J Mullin
Balance outstanding at start of year (111 ) 2,523
Amounts advanced 29,983 -
Amounts repaid (7,700 ) (2,634 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,172 (111 )