Registered number
14785155
Balkuling Limited
Filleted Accounts
31 March 2024
Balkuling Limited
Registered number: 14785155
Balance Sheet
as at 31 March 2024
Notes 2024
£
Fixed assets
Tangible assets 3 3,879
Current assets
Debtors 4 69,407
Cash at bank and in hand 122,384
191,791
Creditors: amounts falling due within one year 5 (78,966)
Net current assets 112,825
Net assets 116,704
Capital and reserves
Profit and loss account 116,704
Shareholders' funds 116,704
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Matthew Holness
Director
Approved by the board on 4 October 2024
Balkuling Limited
Notes to the Accounts
for the period from 6 April 2023 to 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard), and with the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Balkuling Limited is a private company limited by shares and incorporated in England. Its registered office is:
69 Loughborough Road
West Bridgford
Nottingham
NG2 7LA
The financial statements are prepared in Sterling (£) which is the functional currency of the company.
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 rendering of services and is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 25% reducing balance
Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs.

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024
Number
Average number of persons employed by the company 2
3 Tangible fixed assets
Equipment
£
Cost
Additions 5,172
At 31 March 2024 5,172
Depreciation
Charge for the period 1,293
At 31 March 2024 1,293
Net book value
At 31 March 2024 3,879
4 Debtors 2024
£
Other debtors 69,407
5 Creditors: amounts falling due within one year 2024
£
Trade creditors 84
Taxation and social security costs 73,693
Other creditors 5,189
78,966
6 Pension commitments
The company operates a defined contribution pension scheme, for the director. The assets of the scheme are held seperately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £nil were due to the fund.
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Matthew Holness-appointed 6th April 2023
Loan - 45,201 - 45,201
- 45,201 - 45,201
During the year amounts were advanced to the director totalling £45,201. Interest at the official rate of interest has been charged and the loan will be repaid within 9 months of the year end.
8 Controlling party
The company is controlled by the director by virtue of his majority shareholding.
9 Other information
Balkuling Limited is a private company limited by shares and incorporated in England. Its registered office is:
69 Loughborough Road
West Bridgford
Nottingham
NG2 7LA
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