1 June 2022 false No description of principal activity Taxfiler 2023.10 07646453business:PrivateLimitedCompanyLtd2022-06-012023-05-31 076464532022-05-31 076464532022-06-012023-05-31 07646453business:AuditExempt-NoAccountantsReport2022-06-012023-05-31 07646453business:FilletedAccounts2022-06-012023-05-31 076464532023-05-31 07646453business:Director12022-06-012023-05-31 07646453business:RegisteredOffice2022-06-012023-05-31 076464532022-05-31 07646453core:WithinOneYear2023-05-31 07646453core:WithinOneYear2022-05-31 07646453core:AfterOneYear2023-05-31 07646453core:AfterOneYear2022-05-31 07646453core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 07646453core:ShareCapitalcore:PreviouslyStatedAmount2022-05-31 07646453core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 07646453core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 07646453core:PreviouslyStatedAmount2023-05-31 07646453core:PreviouslyStatedAmount2022-05-31 07646453business:SmallEntities2022-06-012023-05-31 07646453countries:EnglandWales2022-06-012023-05-31 07646453core:FurnitureFittings2022-06-012023-05-31 07646453core:ComputerEquipment2022-06-012023-05-31 07646453core:FurnitureFittings2022-05-31 07646453core:ComputerEquipment2022-05-31 07646453core:FurnitureFittings2023-05-31 07646453core:ComputerEquipment2023-05-31 076464532021-06-012022-05-31 iso4217:GBP xbrli:pure
Company Registration No. 07646453 (England and Wales)
Balancing the Books Limited Unaudited accounts for the year ended 31 May 2023
Balancing the Books Limited Unaudited accounts Contents
Page
- 2 -
Balancing the Books Limited Company Information for the year ended 31 May 2023
Director
Mr Jonathan Kemp
Company Number
07646453 (England and Wales)
Registered Office
Unit A3 Mountbatten Busines sPark Jackson Close Portmsouth Hampshire PO6 1US
Accountants
Balancing the Books Ltd TB3 Little Tapnage Titchfield Lane FAREHAM Hampshire PO17 5PQ
- 3 -
Balancing the Books Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
11,336 
6,926 
Cash at bank and in hand
6,149 
2,003 
17,485 
8,929 
Creditors: amounts falling due within one year
(119)
(5,673)
Net current assets
17,366 
3,256 
Total assets less current liabilities
17,366 
3,256 
Creditors: amounts falling due after more than one year
(22,508)
(24,510)
Net liabilities
(5,142)
(21,254)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(6,142)
(22,254)
Shareholders' funds
(5,142)
(21,254)
For the year ending 31 May 2023 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 6 November 2023 and were signed on its behalf by
Mr Jonathan Kemp Director Company Registration No. 07646453
- 4 -
Balancing the Books Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Balancing the Books Limited is a private company, limited by shares, registered in England and Wales, registration number 07646453. The registered office is Unit A3 Mountbatten Busines sPark, Jackson Close, Portmsouth, Hampshire, PO6 1US.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
384 
2,296 
2,680 
At 31 May 2023
384 
2,296 
2,680 
Depreciation
At 1 June 2022
384 
2,296 
2,680 
At 31 May 2023
384 
2,296 
2,680 
Net book value
At 31 May 2023
- 
- 
- 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,336 
6,926 
- 5 -
Balancing the Books Limited Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
119 
3,056 
Taxes and social security
- 
767 
Accruals
- 
1,850 
119 
5,673 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
4,800 
6,368 
Loans from directors
17,708 
18,142 
22,508 
24,510 
8
Average number of employees
During the year the average number of employees was 1 (2022: 2).
- 6 -