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REGISTERED NUMBER: 02799428 (England and Wales)



















Strategic Report,

Report of the Directors and

Audited Financial Statements

for the Year Ended 31 August 2024

for

BALLICOM LIMITED

BALLICOM LIMITED (REGISTERED NUMBER: 02799428)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Income Statement 9

Other Comprehensive Income 10

Balance Sheet 11

Statement of Changes in Equity 12

Cash Flow Statement 13

Notes to the Cash Flow Statement 14

Notes to the Financial Statements 15


BALLICOM LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Rajna Dattani
Pankaj Mohanlal Dattani
Basha Modeshia
Rohil Dattani





SECRETARY: Rajna Dattani





REGISTERED OFFICE: 16 Binley Road
Gosford Green
Coventry
West Midlands
CV3 1HZ





REGISTERED NUMBER: 02799428 (England and Wales)





AUDITORS: Brindleys Limited
Statutory Auditors
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

BALLICOM LIMITED (REGISTERED NUMBER: 02799428)

Strategic Report
for the Year Ended 31 August 2024

The directors present their strategic report for the year ended 31 August 2024.

BUSINESS OVERVIEW
The business continued to focus on business customers.

The Company has supported this by working with specialised sales teams within that sector.

PRINCIPAL RISKS AND UNCERTAINTIES
Principle risks and uncertainties are outlined below. These are identified through discussion by high level management with key departments and then communicated to Members of the Board regularly. Management is responsible for considering and executing the appropriate action to mitigate these risks whenever possible.

Credit risk: there is a policy to credit check and to work within established credit limits for that customer. All debts are insured under a credit insurance policy.

Currency risk: the majority of sales and purchases are conducted in GBP so very limited exposure to currency risk

Liquidity risk: management regularly engages in financial planning and analysis to ensure short term financial obligations are monitored and met by efficient use of working capital and with strict credit control collections

SECTION 172(1) STATEMENT
The Directors, both individually and collectively, acting in good faith, have exercised their duties over the course of the year to promote the long term success of the company for the benefit of its members as a whole and in doing have sufficiently considered the matters set out in Section 172(1) (a) to (f) of the Companies Act 2006.

KEY PERFORMANCE INDICATORS
The main Key Performance Indicators were as follows:

Turnover: 2024 = £38,824,074
Gross Profit Margin: 2024 = 9.06%
EBITDA as a % of sales: 2024 = 5.03%

Turnover: 2023 = £40,315,133
Gross Profit Margin: 2023 = 9.19%
EBITDA as a % of sales: 2023 = 5.13%

Turnover: 2022 = £35,517,154
Gross Profit Margin: 2022 = 8.42%
EBITDA as a % of sales: 2022 = 4.17%

ON BEHALF OF THE BOARD:





Pankaj Mohanlal Dattani - Director


23 January 2025

BALLICOM LIMITED (REGISTERED NUMBER: 02799428)

Report of the Directors
for the Year Ended 31 August 2024

The directors present their report with the financial statements of the company for the year ended 31 August 2024.

DIVIDENDS
Dividends issued during the year = £450,000 (£397,000 in 2023)

RESEARCH AND DEVELOPMENT
The Company continues to invest in research and development to enhance internal workflows and improve management systems.

FUTURE DEVELOPMENTS
The Company will continue to develop its brand and build upon the good work of management and the sales team to gain a greater share in the markets which it operates in.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 September 2023 to the date of this report.

Rajna Dattani
Pankaj Mohanlal Dattani
Basha Modeshia
Rohil Dattani

FINANCIAL INSTRUMENTS
Various financial instruments are used, these include cash and cash equivalents and other items such as trade debtors and trade creditors that arise directly from operations. The main purpose of the financial instruments is to finance the Company's operations.

The Company's principal exposure to risks associated with the financial instruments are credit, currency and liquidity.
These risks are managed as follows:

Credit risk: All debts are insured under a credit insurance policy
Foreign currency: Most sales are made in GBP and are therefore not heavily exposed to foreign exchange risk
Liquidity: The Company regularly reviews its cash requirements to ensure short term financial obligations are met.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

BALLICOM LIMITED (REGISTERED NUMBER: 02799428)

Report of the Directors
for the Year Ended 31 August 2024


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Brindleys Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Pankaj Mohanlal Dattani - Director


23 January 2025

Report of the Independent Auditors to the Members of
Ballicom Limited

Opinion
We have audited the financial statements of Ballicom Limited (the 'company') for the year ended 31 August 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 August 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other matters
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Ballicom Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Ballicom Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We have considered the nature of the Company's industry and its control environment, and reviewed the company's documentation of their policies and procedures relating to fraud and compliance with laws and regulations. We also enquired of management about their own identification and assessment of the risks of irregularities.

We obtained an understanding of the legal and regulatory framework that the company operates in, and identified the key laws and regulations that:
(1) Had a direct effect on the determination of material amounts and disclosures in the financial statements. These included UK Companies Act, tax legislation etc; and
(2) Do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty

We discussed among the audit engagement team regarding the opportunities and incentives that may exist within organisation for fraud and how and where fraud might occur in the financial statements.

In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments; assessed whether the judgements made in making the accounting estimates are indicative of a potential bias; and evaluated the business rationale of any significant transactions that are
unusual or outside the normal course of business.

In addition to the above, our procedures to respond to the risks identified included the following:
(1) Reviewing financial statement disclosures by testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
(2) Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
(3) Enquiring of management and in-house legal counsel concerning actual and potential litigation and claims, and instances of non-compliance with laws and regulations; and
(4) Reading minutes of meetings of those charged with governance.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Ballicom Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Mr Kulwinder Singh Chawla F.C.C.A. (Senior Statutory Auditor)
for and on behalf of Brindleys Limited
Statutory Auditors
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

23 January 2025

BALLICOM LIMITED (REGISTERED NUMBER: 02799428)

Income Statement
for the Year Ended 31 August 2024

2024 2023
Notes £    £   

TURNOVER 38,824,074 40,315,133

Cost of sales 35,305,034 36,609,793
GROSS PROFIT 3,519,040 3,705,340

Administrative expenses 1,903,950 1,690,441
1,615,090 2,014,899

Other operating income 257,973 74,082
OPERATING PROFIT 4 1,873,063 2,088,981


Interest payable and similar expenses 6 18,079 9,478
PROFIT BEFORE TAXATION 1,854,984 2,079,503

Tax on profit 7 446,429 439,218
PROFIT FOR THE FINANCIAL YEAR 1,408,555 1,640,285

BALLICOM LIMITED (REGISTERED NUMBER: 02799428)

Other Comprehensive Income
for the Year Ended 31 August 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 1,408,555 1,640,285


OTHER COMPREHENSIVE INCOME
Freehold property revaluation - 100,000
Income tax relating to other comprehensive
income

-

-
OTHER COMPREHENSIVE INCOME
FOR THE YEAR, NET OF INCOME TAX

-

100,000
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,408,555

1,740,285

BALLICOM LIMITED (REGISTERED NUMBER: 02799428)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 9 - 6,451
Tangible assets 10 1,731,403 1,683,974
1,731,403 1,690,425

CURRENT ASSETS
Stocks 11 1,105,511 559,904
Debtors 12 4,098,281 4,937,635
Cash at bank 5,665,157 3,802,924
10,868,949 9,300,463
CREDITORS
Amounts falling due within one year 13 6,367,868 5,666,335
NET CURRENT ASSETS 4,501,081 3,634,128
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,232,484

5,324,553

CREDITORS
Amounts falling due after more than one year 14 (10,549 ) (75,261 )

PROVISIONS FOR LIABILITIES 17 (61,175 ) (47,087 )
NET ASSETS 6,160,760 5,202,205

CAPITAL AND RESERVES
Called up share capital 18 10,100 10,100
Revaluation reserve 19 929,469 929,469
Retained earnings 19 5,221,191 4,262,636
SHAREHOLDERS' FUNDS 6,160,760 5,202,205

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:





Pankaj Mohanlal Dattani - Director


BALLICOM LIMITED (REGISTERED NUMBER: 02799428)

Statement of Changes in Equity
for the Year Ended 31 August 2024

Called up
share Retained Revaluation Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 September 2022 10,100 3,019,351 829,469 3,858,920

Changes in equity
Dividends - (397,000 ) - (397,000 )
Total comprehensive income - 1,640,285 100,000 1,740,285
Balance at 31 August 2023 10,100 4,262,636 929,469 5,202,205

Changes in equity
Dividends - (450,000 ) - (450,000 )
Total comprehensive income - 1,408,555 - 1,408,555
Balance at 31 August 2024 10,100 5,221,191 929,469 6,160,760

BALLICOM LIMITED (REGISTERED NUMBER: 02799428)

Cash Flow Statement
for the Year Ended 31 August 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 3,114,803 1,567,334
Interest paid (18,079 ) (9,478 )
Tax paid (550,903 ) (440,000 )
Net cash from operating activities 2,545,821 1,117,856

Cash flows from investing activities
Purchase of tangible fixed assets (140,657 ) (198,646 )
Net cash from investing activities (140,657 ) (198,646 )

Cash flows from financing activities
Capital repayments in year (84,216 ) 158,061
Amount introduced by directors 848,722 397,000
Amount withdrawn by directors (857,437 ) (442,379 )
Equity dividends paid (450,000 ) (397,000 )
Net cash from financing activities (542,931 ) (284,318 )

Increase in cash and cash equivalents 1,862,233 634,892
Cash and cash equivalents at beginning of
year

2

3,802,924

3,168,032

Cash and cash equivalents at end of year 2 5,665,157 3,802,924

BALLICOM LIMITED (REGISTERED NUMBER: 02799428)

Notes to the Cash Flow Statement
for the Year Ended 31 August 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit before taxation 1,854,984 2,079,503
Depreciation charges 99,679 39,501
Gain on revaluation of fixed assets - (28,000 )
Finance costs 18,079 9,478
1,972,742 2,100,482
Increase in stocks (545,607 ) (49,478 )
Decrease/(increase) in trade and other debtors 848,069 (1,097,774 )
Increase in trade and other creditors 839,599 614,104
Cash generated from operations 3,114,803 1,567,334

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 August 2024
31.8.24 1.9.23
£    £   
Cash and cash equivalents 5,665,157 3,802,924
Year ended 31 August 2023
31.8.23 1.9.22
£    £   
Cash and cash equivalents 3,802,924 3,168,032


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.9.23 Cash flow At 31.8.24
£    £    £   
Net cash
Cash at bank 3,802,924 1,862,233 5,665,157
3,802,924 1,862,233 5,665,157
Debt
Finance leases (158,061 ) 84,216 (73,845 )
(158,061 ) 84,216 (73,845 )
Total 3,644,863 1,946,449 5,591,312

BALLICOM LIMITED (REGISTERED NUMBER: 02799428)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Ballicom 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is depreciated at 5% straight line

Tangible fixed assets
Freehold properties are depreciated at 2% reducing balance
Plant and machinery are depreciated at 25% reducing balance
Fixtures and fittings are depreciated at 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

BALLICOM LIMITED (REGISTERED NUMBER: 02799428)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 782,699 715,664
Social security costs 72,667 63,732
Other pension costs 15,180 13,442
870,546 792,838

The average number of employees during the year was as follows:
2024 2023

Sales & Marketing 17 12
Distribution 2 2
Administration and Management 7 7
26 21

2024 2023
£    £   
Directors' remuneration 90,035 80,076

Included in the Wages and salaries is the amount of £136,722 Directors pension contribution. (£190,000 in 2023).

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 93,228 17,181
Computer software amortisation 6,451 22,320

5. AUDITORS' REMUNERATION
2024 2023
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

9,750

9,000

BALLICOM LIMITED (REGISTERED NUMBER: 02799428)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Other income and interst paya 18,079 9,478

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 432,341 397,679

Deferred tax 14,088 41,539
Tax on profit 446,429 439,218

Tax effects relating to effects of other comprehensive income

There were no tax effects for the year ended 31 August 2024.

2023
Gross Tax Net
£    £    £   
Freehold property revaluation 100,000 - 100,000

8. DIVIDENDS
2024 2023
£    £   
Ordinary A shares of 1 each
Final 450,000 397,000

BALLICOM LIMITED (REGISTERED NUMBER: 02799428)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 September 2023
and 31 August 2024 431,143
AMORTISATION
At 1 September 2023 424,692
Amortisation for year 6,451
At 31 August 2024 431,143
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 6,451

10. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 September 2023 1,500,000 34,837 28,051 198,646 1,761,534
Additions - - - 140,657 140,657
At 31 August 2024 1,500,000 34,837 28,051 339,303 1,902,191
DEPRECIATION
At 1 September 2023 - 34,774 26,232 16,554 77,560
Charge for year 15,000 16 455 77,757 93,228
At 31 August 2024 15,000 34,790 26,687 94,311 170,788
NET BOOK VALUE
At 31 August 2024 1,485,000 47 1,364 244,992 1,731,403
At 31 August 2023 1,500,000 63 1,819 182,092 1,683,974

Cost or valuation at 31 August 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2024 1,500,000 34,837 28,051 339,303 1,902,191

BALLICOM LIMITED (REGISTERED NUMBER: 02799428)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

11. STOCKS
2024 2023
£    £   
Stocks 1,105,511 559,904

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,622,861 4,358,502
Other debtors 18,867 11,100
S455 held by HMRC - 114,836
Directors' current accounts 407,437 398,722
VAT - 39,275
Prepayments 49,116 15,200
4,098,281 4,937,635

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Finance leases (see note 15) 63,296 82,800
Trade creditors 5,585,756 5,123,462
Provision for Bad Debt 17,388 -
Tax 213,130 331,692
Social security and other taxes 25,269 16,800
Pension 4,212 3,129
VAT 339,944 -
Other creditors 4,732 11,838
Accrued expenses 114,141 96,614
6,367,868 5,666,335

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Finance leases (see note 15) 10,549 75,261

BALLICOM LIMITED (REGISTERED NUMBER: 02799428)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

15. LEASING AGREEMENTS

Minimum lease payments under finance leases fall due as follows:

Finance leases
2024 2023
£    £   
Net obligations repayable:
Within one year 63,296 82,800
Between one and five years 10,549 75,261
73,845 158,061

16. SECURED DEBTS

Barclays Bank Plc hold a charge over unit 110 The Saturn Centre, 101 Lockhurst Lane, Coventry CV6 5SF on the banks standard form dated 19/07/2007
Charge over standard letter of set-off dated 29/01/2008
3 item(s) of security
Debenture on the banks standard for dated 10/07/2000

17. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 61,175 47,087

Deferred
tax
£   
Balance at 1 September 2023 47,087
Provided during year 14,088
Balance at 31 August 2024 61,175

18. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary A 1 10,100 10,100
100 Ordinary B 1 - -
10,100 10,100

BALLICOM LIMITED (REGISTERED NUMBER: 02799428)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

19. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 September 2023 4,262,636 929,469 5,192,105
Profit for the year 1,408,555 1,408,555
Dividends (450,000 ) (450,000 )
At 31 August 2024 5,221,191 929,469 6,150,660

20. PENSION COMMITMENTS

The company paid £15,180 (£13,442 in 2023) towards staff pensions.
The company paid £136,722 (£190,000 in 2022) towards directors pensions.

21. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Pankaj Mohanlal Dattani and Rajna Dattani
Balance outstanding at start of year 398,722 353,343
Amounts advanced 458,715 442,379
Amounts repaid (450,000 ) (397,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 407,437 398,722

22. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the shareholders