Registered number
11391895
BALSEROS LTD
Filleted Accounts
31 May 2023
BALSEROS LTD
Registered number: 11391895
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,262 1,262
Current assets
Stocks 1,685 1,685
Cash at bank and in hand 10,156 14,203
11,841 15,888
Creditors: amounts falling due within one year 4 (7,104) 10,135
Net current assets 4,737 26,023
Total assets less current liabilities 5,999 27,285
Creditors: amounts falling due after more than one year 5 (49,797) (67,302)
Net liabilities (43,798) (40,017)
Capital and reserves
Called up share capital 100 100
Profit and loss account (43,898) (40,117)
Shareholder's funds (43,798) (40,017)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Claudia Janneth PILCO CONDO
Director
Approved by the board on 16 February 2024
BALSEROS LTD
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Corporation tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2022 1,262
At 31 May 2023 1,262
Depreciation
At 31 May 2023 -
Net book value
At 31 May 2023 1,262
At 31 May 2022 1,262
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,379 (9,198)
Taxation and social security costs 4,725 (937)
7,104 (10,135)
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 22,482 23,544
Other creditors 27,315 43,758
49,797 67,302
6 Other information
BALSEROS LTD is a private company limited by shares and incorporated in England. Its registered office is:
54 Welling High Street
Welling
DA16 1TQ
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