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
Balloons For U Ltd
Company Information
for the year ended 31 October 2023
Directors
Steven BAKER
Suzanne HERRIDGE-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
Balloons For U Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
26,657
22,060
Cash at bank and in hand
83,130
110,629
Creditors: amounts falling due within one year
(41,920)
(48,306)
Net current assets
61,210
82,323
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
Balloons For U Ltd
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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
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
At 31 October 2023
913
8,717
17,027
26,657
At 31 October 2022
1,217
12,359
8,484
22,060
Amounts falling due within one year
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
7
Average number of employees
During the year the average number of employees was 5 (2022: 5).