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Company Registration No. 05977411 (England and Wales)
Balloons For U Ltd Unaudited accounts for the year ended 31 October 2023
Balloons For U Ltd Unaudited accounts Contents
Page
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Balloons For U Ltd Company Information for the year ended 31 October 2023
Directors
Steven BAKER Suzanne HERRIDGE-BAKER
Secretary
Steven BAKER
Company Number
05977411 (England and Wales)
Registered Office
149B Pack Lane Basingstoke HAMPSHIRE RG22 5HN United Kingdom
Accountants
Cranleys Chartered Accountants Winton House Winton Square Basingstoke Hampshire RG21 8EN
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Balloons For U Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,657 
22,060 
Current assets
Inventories
15,000 
15,000 
Debtors
5,000 
5,000 
Cash at bank and in hand
83,130 
110,629 
103,130 
130,629 
Creditors: amounts falling due within one year
(41,920)
(48,306)
Net current assets
61,210 
82,323 
Net assets
87,867 
104,383 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
87,767 
104,283 
Shareholders' funds
87,867 
104,383 
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by
Steven BAKER Director Company Registration No. 05977411
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Balloons For U Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Balloons For U Ltd is a private company, limited by shares, registered in England and Wales, registration number 05977411. The registered office is 149B Pack Lane, Basingstoke, HAMPSHIRE, RG22 5HN, United Kingdom.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
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Balloons For U Ltd Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
8,377 
24,642 
35,318 
68,337 
Additions
- 
- 
14,219 
14,219 
Disposals
- 
(4,725)
- 
(4,725)
At 31 October 2023
8,377 
19,917 
49,537 
77,831 
Depreciation
At 1 November 2022
7,160 
12,283 
26,834 
46,277 
Charge for the year
304 
3,011 
5,676 
8,991 
On disposals
- 
(4,094)
- 
(4,094)
At 31 October 2023
7,464 
11,200 
32,510 
51,174 
Net book value
At 31 October 2023
913 
8,717 
17,027 
26,657 
At 31 October 2022
1,217 
12,359 
8,484 
22,060 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
5,000 
5,000 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
7,251 
13,637 
Loans from directors
34,669 
34,669 
41,920 
48,306 
7
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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