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REGISTERED NUMBER: 07308439 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

BALSTON AGIUS LTD

BALSTON AGIUS LTD (REGISTERED NUMBER: 07308439)






Contents of the Financial Statements
for the year ended 30 September 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


BALSTON AGIUS LTD

Company Information
for the year ended 30 September 2023







DIRECTORS: M-L E Agius
N A Balck-Foote





REGISTERED OFFICE: Long Barn
Manor Farm Lane
Patney
Devizes
Wiltshire
SN10 3RB





REGISTERED NUMBER: 07308439 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Balston Agius Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Balston Agius Ltd for the year ended 30 September 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Balston Agius Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Balston Agius Ltd and state those matters that we have agreed to state to the Board of Directors of Balston Agius Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Balston Agius Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Balston Agius Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Balston Agius Ltd. You consider that Balston Agius Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Balston Agius Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


5 March 2024

BALSTON AGIUS LTD (REGISTERED NUMBER: 07308439)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,626 3,902
8,626 3,902

CURRENT ASSETS
Debtors 6 152,399 112,271
Cash at bank and in hand 992,969 869,887
1,145,368 982,158
CREDITORS
Amounts falling due within one year 7 298,928 161,153
NET CURRENT ASSETS 846,440 821,005
TOTAL ASSETS LESS CURRENT
LIABILITIES

855,066

824,907


PROVISIONS FOR LIABILITIES 9 1,720 975

CAPITAL AND RESERVES
Called up share capital 10 334 334
Capital redemption reserve 203 203
Retained earnings 852,809 823,395
SHAREHOLDERS' FUNDS 853,346 823,932
855,066 824,907

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BALSTON AGIUS LTD (REGISTERED NUMBER: 07308439)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 4 February 2024 and were signed on its behalf by:





M-L E Agius - Director


BALSTON AGIUS LTD (REGISTERED NUMBER: 07308439)

Notes to the Financial Statements
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Balston Agius Ltd 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 represents net invoiced sales of services provided by landscape designers, excluding value added tax.

Revenue is recognised when the services are rendered.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - Straight line over 18 months
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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.

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

BALSTON AGIUS LTD (REGISTERED NUMBER: 07308439)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Critical accounting estimates and uncertainties
No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 175,000
AMORTISATION
At 1 October 2022
and 30 September 2023 175,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

BALSTON AGIUS LTD (REGISTERED NUMBER: 07308439)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 October 2022 2,865 4,285 65,244 72,394
Additions - 1,340 11,497 12,837
Disposals - (3,105 ) (27,092 ) (30,197 )
At 30 September 2023 2,865 2,520 49,649 55,034
DEPRECIATION
At 1 October 2022 2,865 3,544 62,083 68,492
Charge for year - 597 7,321 7,918
Eliminated on disposal - (2,910 ) (27,092 ) (30,002 )
At 30 September 2023 2,865 1,231 42,312 46,408
NET BOOK VALUE
At 30 September 2023 - 1,289 7,337 8,626
At 30 September 2022 - 741 3,161 3,902

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 129,069 85,622
Other debtors 23,330 26,649
152,399 112,271

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,324 1,264
Taxation and social security 158,633 136,601
Other creditors 132,971 23,288
298,928 161,153

8. LEASING AGREEMENTS
At the year end, the company has a total commitments under operating leases of £73,672 (2022:£7,674).

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,720 975

BALSTON AGIUS LTD (REGISTERED NUMBER: 07308439)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2022 975
Accelerated capital allowances 745
Balance at 30 September 2023 1,720

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
Value: £ £

4,063 A Ordinary £0.01 41 41
25,626 B Ordinary £0.01 256 256
3,751 C Ordinary £0.01 38 38
334 375