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REGISTERED NUMBER: 02681799 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 May 2023

for

BALREY SCREEN PRINTING LIMITED

BALREY SCREEN PRINTING LIMITED (REGISTERED NUMBER: 02681799)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


BALREY SCREEN PRINTING LIMITED

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Surinder Singh





SECRETARY: Harjinder Kaur





REGISTERED OFFICE: Unit 6
Webner Industrial Estate
Ettingshall Road
Wolverhampton
West Midlands
WV2 2LD





REGISTERED NUMBER: 02681799 (England and Wales)





ACCOUNTANTS: Brindleys Limited
Chartered Accountants
2 Wheeleys Road
Edgbaston
Birmingham
B15 2LD

BALREY SCREEN PRINTING LIMITED (REGISTERED NUMBER: 02681799)

Abridged Statement of Financial Position
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 126,519 129,575
126,519 129,575

CURRENT ASSETS
Stocks 71,233 58,651
Debtors 190,000 256,676
Cash at bank and in hand 55,979 102,455
317,212 417,782
CREDITORS
Amounts falling due within one year 266,817 344,218
NET CURRENT ASSETS 50,395 73,564
TOTAL ASSETS LESS CURRENT
LIABILITIES

176,914

203,139

CREDITORS
Amounts falling due after more than one year (21,412 ) (35,169 )

PROVISIONS FOR LIABILITIES 7 (31,441 ) (30,280 )
NET ASSETS 124,061 137,690

CAPITAL AND RESERVES
Called up share capital 8 101 101
Retained earnings 9 123,960 137,589
SHAREHOLDERS' FUNDS 124,061 137,690

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

BALREY SCREEN PRINTING LIMITED (REGISTERED NUMBER: 02681799)

Abridged Statement of Financial Position - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 October 2023 and were signed by:





Surinder Singh - Director


BALREY SCREEN PRINTING LIMITED (REGISTERED NUMBER: 02681799)

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

1. STATUTORY INFORMATION

Balrey Screen Printing 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1995, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10 % on straight line method
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 statement of financial position date.


BALREY SCREEN PRINTING LIMITED (REGISTERED NUMBER: 02681799)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Holiday pay
Holiday Pay is recognised as an expense in the period in which the service is received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2022 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022
and 31 May 2023 11,019
AMORTISATION
At 1 June 2022
and 31 May 2023 11,019
NET BOOK VALUE

At 31 May 2023 -
At 31 May 2022 -

BALREY SCREEN PRINTING LIMITED (REGISTERED NUMBER: 02681799)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 619,986
Additions 38,969
At 31 May 2023 658,955
DEPRECIATION
At 1 June 2022 490,411
Charge for year 42,025
At 31 May 2023 532,436
NET BOOK VALUE
At 31 May 2023 126,519
At 31 May 2022 129,575

6. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loan 14,448 14,930

Amounts falling due between one and two years:
Bank loans - 1-2 years 11,404 15,089

Amounts falling due between two and five years:
Bank loans - 2-5 years 10,008 20,080

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 31,441 30,280

Deferred
tax
£   
Balance at 1 June 2022 30,280
Provided during year 1,161
Balance at 31 May 2023 31,441

BALREY SCREEN PRINTING LIMITED (REGISTERED NUMBER: 02681799)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
74 Ordinary A £1 74 74
25 Ordinary B £1 25 25
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
101 101

Each Ordinary A, B, C, D Share has one voting right and equal rights to dividends and distributions.

9. RESERVES
Retained
earnings
£   

At 1 June 2022 137,589
Profit for the year 44,371
Dividends (58,000 )
At 31 May 2023 123,960

10. RELATED PARTY DISCLOSURES

During the year, Mr Surinder Singh received gross remuneration of £10467 and dividend of £26,000 from the company. He was also paid £5,580 as rent for use of property. This is 50% of the overall rent.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Surinder Singh.