IRIS Accounts Production v24.2.0.383 05619864 director 1.12.22 30.11.23 30.11.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh056198642022-11-30056198642023-11-30056198642022-12-012023-11-30056198642021-11-30056198642021-12-012022-11-30056198642022-11-3005619864ns15:EnglandWales2022-12-012023-11-3005619864ns14:PoundSterling2022-12-012023-11-3005619864ns10:Director12022-12-012023-11-3005619864ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3005619864ns10:SmallEntities2022-12-012023-11-3005619864ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3005619864ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3005619864ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3005619864ns10:AbridgedAccounts2022-12-012023-11-3005619864ns10:OrdinaryShareClass12022-12-012023-11-3005619864ns10:RegisteredOffice2022-12-012023-11-3005619864ns5:CurrentFinancialInstruments2023-11-3005619864ns5:CurrentFinancialInstruments2022-11-3005619864ns5:ShareCapital2023-11-3005619864ns5:ShareCapital2022-11-3005619864ns5:RetainedEarningsAccumulatedLosses2023-11-3005619864ns5:RetainedEarningsAccumulatedLosses2022-11-3005619864ns10:OrdinaryShareClass12023-11-30
REGISTERED NUMBER: 05619864 (England and Wales)















BEST FOR BALLS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






BEST FOR BALLS LIMITED (REGISTERED NUMBER: 05619864)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


BEST FOR BALLS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: D C Scott



REGISTERED OFFICE: Unit 18 Vanalloys Business Park
Stoke Row
Henley on Thames
Oxfordshire
RG9 5QW



REGISTERED NUMBER: 05619864 (England and Wales)



ACCOUNTANTS: Burrows Scarborough
Sovereign House
12 Warwick Street
Coventry
West Midlands
CV5 6ET



BANKERS: HSBC
6 Market Place
Henley On Thames
Oxfordshire
RG9 2AN

BEST FOR BALLS LIMITED (REGISTERED NUMBER: 05619864)

ABRIDGED BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,539 69,418

CURRENT ASSETS
Stocks 174,902 213,176
Debtors 1,156 1,174
Prepayments and accrued income 16,779 19,972
Cash at bank 568,571 471,260
761,408 705,582
CREDITORS
Amounts falling due within one year 120,411 146,378
NET CURRENT ASSETS 640,997 559,204
TOTAL ASSETS LESS CURRENT
LIABILITIES

708,536

628,622

PROVISIONS FOR LIABILITIES (15,520 ) (17,355 )

ACCRUALS AND DEFERRED INCOME (2,609 ) (8,720 )
NET ASSETS 690,407 602,547

CAPITAL AND RESERVES
Called up share capital 5 4 4
Retained earnings 690,403 602,543
SHAREHOLDERS' FUNDS 690,407 602,547

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 August 2024 and were signed by:



D C Scott - Director


BEST FOR BALLS LIMITED (REGISTERED NUMBER: 05619864)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Best For Balls Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements are rounded to the nearest £1.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) including the provisions of Section 1A 'Small Entities' and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified as necessary to include certain items at fair value.

Turnover and other income
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of golf equipment is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Interest

Interest income is recognised using the effective interest method and is recognised as the company's right to receive payment is established.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery - 25% Reducing balance
Fixtures and fittings - 15% Reducing balance
Motor Vehicles - 25% Reducing balance
Computer Equipment - 33.3% Straight line

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


BEST FOR BALLS LIMITED (REGISTERED NUMBER: 05619864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 177,835
Additions 11,584
At 30 November 2023 189,419
DEPRECIATION
At 1 December 2022 108,417
Charge for year 13,463
At 30 November 2023 121,880
NET BOOK VALUE
At 30 November 2023 67,539
At 30 November 2022 69,418

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4 Ordinary £1 4 4