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REGISTERED NUMBER: SC385430 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

Balkan Proof Limited

Balkan Proof Limited (Registered number: SC385430)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Balkan Proof Limited

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: Mr J Burns





REGISTERED OFFICE: 17 Colvilles Park
Kelvin Industrail Estate
East Kilbride
Glasgow
G75 0GZ





REGISTERED NUMBER: SC385430 (Scotland)





ACCOUNTANTS: R.A.M.
Unit 17, Colvilles Park
Kelvin Industrial Estate
East Kilbride
South Lanarkshire
G75 0GZ

Balkan Proof Limited (Registered number: SC385430)

STATEMENT OF FINANCIAL POSITION
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,755 31,184
Investments 5 182,556 -
211,311 31,184

CURRENT ASSETS
Stocks 26,050 24,100
Cash at bank and in hand 38,291 132,511
64,341 156,611
CREDITORS
Amounts falling due within one year 6 244,311 134,859
NET CURRENT (LIABILITIES)/ASSETS (179,970 ) 21,752
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,341

52,936

CREDITORS
Amounts falling due after more than one
year

7

18,109

25,000
NET ASSETS 13,232 27,936

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 13,231 27,935
SHAREHOLDERS' FUNDS 13,232 27,936

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

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

Balkan Proof Limited (Registered number: SC385430)

STATEMENT OF FINANCIAL POSITION - continued
31 December 2023


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 2 February 2024 and were signed by:





Mr J Burns - Director


Balkan Proof Limited (Registered number: SC385430)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Balkan Proof Limited is a private company, limited by shares , registered in Scotland. 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.
Improvements to property - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 50% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2022 - 35 ) .

Balkan Proof Limited (Registered number: SC385430)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 155,591 38,612 19,733 213,936
Additions - 10,445 - 10,445
At 31 December 2023 155,591 49,057 19,733 224,381
DEPRECIATION
At 1 January 2023 140,355 32,530 9,867 182,752
Charge for year 3,809 4,132 4,933 12,874
At 31 December 2023 144,164 36,662 14,800 195,626
NET BOOK VALUE
At 31 December 2023 11,427 12,395 4,933 28,755
At 31 December 2022 15,236 6,082 9,866 31,184

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 182,556
At 31 December 2023 182,556
NET BOOK VALUE
At 31 December 2023 182,556

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 130,598 29,068
Taxation and social security 64,337 54,214
Other creditors 49,376 51,577
244,311 134,859

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 18,109 25,000

8. PENSION COMMITMENTS

The company operates a defined contribution scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Balkan Proof Limited (Registered number: SC385430)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31st December 2023 Mr J. Burns was owed £29,783 by the company (2022 - £30,007). This loan is interest free.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J Burns.