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REGISTERED NUMBER: 10674113 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Balanced Grid Solutions Limited

Balanced Grid Solutions Limited (Registered number: 10674113)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Balanced Grid Solutions Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Miss I Tisalita
Mr R Newberry





REGISTERED OFFICE: Broom House
39/43 London Road
Hadleigh
Benfleet
Essex
SS7 2QL





REGISTERED NUMBER: 10674113 (England and Wales)





ACCOUNTANTS: BPSL
Brooms Professional Services Limited
Chartered Certified Accountants
Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL

Balanced Grid Solutions Limited (Registered number: 10674113)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,915 3,927
Investments 5 127,472 183,617
131,387 187,544

CURRENT ASSETS
Debtors 6 12,963 21,560
Cash at bank 406,920 533,951
419,883 555,511
CREDITORS
Amounts falling due within one year 7 39,283 9,012
NET CURRENT ASSETS 380,600 546,499
TOTAL ASSETS LESS CURRENT
LIABILITIES

511,987

734,043

PROVISIONS FOR LIABILITIES 24,213 34,881
NET ASSETS 487,774 699,162

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 8 103,259 148,736
Retained earnings 384,315 550,226
SHAREHOLDERS' FUNDS 487,774 699,162

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Balanced Grid Solutions Limited (Registered number: 10674113)

Balance Sheet - continued
30 April 2024


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:




Miss I Tisalita - Director



Mr R Newberry - Director


Balanced Grid Solutions Limited (Registered number: 10674113)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Balanced Grid Solutions 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Equipment - 25% on cost

Investments in associates
Investments in associate undertakings are reviewed at the end of each period, and revalued based on their performance in the year.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

Balanced Grid Solutions Limited (Registered number: 10674113)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings Equipment Totals
£    £    £   
COST
At 1 May 2023 1,860 9,081 10,941
Additions - 3,113 3,113
At 30 April 2024 1,860 12,194 14,054
DEPRECIATION
At 1 May 2023 1,395 5,619 7,014
Charge for year 465 2,660 3,125
At 30 April 2024 1,860 8,279 10,139
NET BOOK VALUE
At 30 April 2024 - 3,915 3,915
At 30 April 2023 465 3,462 3,927

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST OR VALUATION
At 1 May 2023 183,617
Revaluations (56,145 )
At 30 April 2024 127,472
NET BOOK VALUE
At 30 April 2024 127,472
At 30 April 2023 183,617

Cost or valuation at 30 April 2024 is represented by:

Interest
in
associate
£   
Valuation in 2022 162,342
Valuation in 2023 21,242
Valuation in 2024 (56,145 )
Cost 33
127,472

Balanced Grid Solutions Limited (Registered number: 10674113)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 1,800 1,800
Other debtors 10,713 18,695
VAT - 615
Prepayments 450 450
12,963 21,560

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 4,213 93
Social security and other taxes 1,205 783
Pensions 332 312
VAT 65 -
Other creditors 26,238 -
Directors' current accounts 5,430 6,024
Accrued expenses 1,800 1,800
39,283 9,012

8. RESERVES
Fair
value
reserve
£   
At 1 May 2023 148,736
Movement (45,477 )

At 30 April 2024 103,259