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Company Registration No. 09152007 (England and Wales)
Balfie Ltd Unaudited accounts for the year ended 31 October 2023
Balfie Ltd Unaudited accounts Contents
Page
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Balfie Ltd Company Information for the year ended 31 October 2023
Director
Brian Logue
Company Number
09152007 (England and Wales)
Registered Office
23 THOR WALK CORBY NORTHAMPTONSHIRE NN18 9EE
Accountants
Corby Accounts & Payroll Services Ltd 40 Aintree Road Corby Northants NN18 8RD
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Balfie Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,856 
6,380 
Current assets
Debtors
1,808 
3,734 
Cash at bank and in hand
9,136 
(1,549)
10,944 
2,185 
Creditors: amounts falling due within one year
6,581 
12,089 
Net current assets
17,525 
14,274 
Total assets less current liabilities
20,381 
20,654 
Creditors: amounts falling due after more than one year
(12,015)
(17,184)
Net assets
8,366 
3,470 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
8,364 
3,468 
Shareholders' funds
8,366 
3,470 
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 director acknowledges his 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 and authorised for issue on 25 August 2024 and were signed on its behalf by
Brian Logue Director Company Registration No. 09152007
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Balfie Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Balfie Ltd is a private company, limited by shares, registered in England and Wales, registration number 09152007. The registered office is 23 THOR WALK, CORBY, NORTHAMPTONSHIRE, NN18 9EE.
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.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
163 
13,265 
13,428 
At 31 October 2023
163 
13,265 
13,428 
Depreciation
At 1 November 2022
80 
6,968 
7,048 
Charge for the year
40 
3,484 
3,524 
At 31 October 2023
120 
10,452 
10,572 
Net book value
At 31 October 2023
43 
2,813 
2,856 
At 31 October 2022
83 
6,297 
6,380 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
256 
- 
Other debtors
1,552 
3,734 
1,808 
3,734 
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Balfie Ltd Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
1,859 
VAT
(727)
- 
Obligations under finance leases and hire purchase contracts
- 
1,007 
Taxes and social security
2,555 
3,454 
Loans from directors
(8,409)
(18,409)
(6,581)
(12,089)
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
10,763 
14,908 
Obligations under finance leases and hire purchase contracts
1,252 
2,276 
12,015 
17,184 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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