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Registered number: 11299294
BalloonPlay Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11299294
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 506 590
Tangible Assets 5 832 1,620
1,338 2,210
CURRENT ASSETS
Stocks 6 - 7,241
Debtors 7 106 5,332
Cash at bank and in hand 134 1,204
240 13,777
Creditors: Amounts Falling Due Within One Year 8 (14,708 ) (34,161 )
NET CURRENT ASSETS (LIABILITIES) (14,468 ) (20,384 )
TOTAL ASSETS LESS CURRENT LIABILITIES (13,130 ) (18,174 )
Creditors: Amounts Falling Due After More Than One Year 9 (25,798 ) (11,817 )
NET LIABILITIES (38,928 ) (29,991 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (39,028 ) (30,091 )
SHAREHOLDERS' FUNDS (38,928) (29,991)
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Eldad Levi Hevroni
Director
30/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
BalloonPlay Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11299294 . The registered office is Enterprise House, 2 The Crest, London, NW4 2HN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 20%
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Intangible Assets
Other
£
Cost
As at 1 May 2023 1,085
As at 30 April 2024 1,085
Amortisation
As at 1 May 2023 495
Provided during the period 84
As at 30 April 2024 579
Net Book Value
As at 30 April 2024 506
As at 1 May 2023 590
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 May 2023 3,936
As at 30 April 2024 3,936
Depreciation
As at 1 May 2023 2,316
Provided during the period 788
As at 30 April 2024 3,104
Net Book Value
As at 30 April 2024 832
As at 1 May 2023 1,620
6. Stocks
2024 2023
£ £
Stock - 7,241
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 106 506
VAT - 279
Director's loan account - 4,547
106 5,332
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Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 21 3,320
Bank loans and overdrafts 12,547 29,360
Corporation tax (19 ) (19 )
Accruals and deferred income 1,800 1,500
Director's loan account 359 -
14,708 34,161
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 25,798 11,817
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5