Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-06-01falseNo description of principal activity44falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06585669 2023-06-01 2024-05-31 06585669 2022-06-01 2023-05-31 06585669 2024-05-31 06585669 2023-05-31 06585669 c:Director1 2023-06-01 2024-05-31 06585669 c:Director2 2023-06-01 2024-05-31 06585669 c:RegisteredOffice 2023-06-01 2024-05-31 06585669 d:PlantMachinery 2023-06-01 2024-05-31 06585669 d:PlantMachinery 2024-05-31 06585669 d:PlantMachinery 2023-05-31 06585669 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06585669 d:FurnitureFittings 2023-06-01 2024-05-31 06585669 d:FurnitureFittings 2024-05-31 06585669 d:FurnitureFittings 2023-05-31 06585669 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06585669 d:ComputerEquipment 2023-06-01 2024-05-31 06585669 d:ComputerEquipment 2024-05-31 06585669 d:ComputerEquipment 2023-05-31 06585669 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06585669 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06585669 d:CurrentFinancialInstruments 2024-05-31 06585669 d:CurrentFinancialInstruments 2023-05-31 06585669 d:Non-currentFinancialInstruments 2024-05-31 06585669 d:Non-currentFinancialInstruments 2023-05-31 06585669 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 06585669 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 06585669 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 06585669 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 06585669 d:ShareCapital 2024-05-31 06585669 d:ShareCapital 2023-05-31 06585669 d:RetainedEarningsAccumulatedLosses 2024-05-31 06585669 d:RetainedEarningsAccumulatedLosses 2023-05-31 06585669 c:FRS102 2023-06-01 2024-05-31 06585669 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06585669 c:FullAccounts 2023-06-01 2024-05-31 06585669 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06585669 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Company registration number: 06585669







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2024


BALCONY SHIRTS LIMITED






































img6dbb.png                        

 


BALCONY SHIRTS LIMITED
 


 
COMPANY INFORMATION


Directors
C J Taylor 
S P Raison 




Registered number
06585669



Registered office
52 Windsor Street

Uxbridge

Middlesex

UB8 1AB




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


BALCONY SHIRTS LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7


 


BALCONY SHIRTS LIMITED
REGISTERED NUMBER:06585669



STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,752
9,086

  
6,752
9,086

Current assets
  

Stocks
  
9,250
9,250

Debtors: amounts falling due within one year
 5 
17,628
22,004

Cash at bank and in hand
  
15,923
14,016

  
42,801
45,270

Creditors: amounts falling due within one year
 6 
(26,945)
(24,764)

Net current assets
  
 
 
15,856
 
 
20,506

Total assets less current liabilities
  
22,608
29,592

Creditors: amounts falling due after more than one year
 7 
(19,291)
(27,311)

Provisions for liabilities
  

Deferred tax
  
(3,176)
(1,726)

  
 
 
(3,176)
 
 
(1,726)

Net assets
  
141
555


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
41
455

  
141
555


Page 1

 


BALCONY SHIRTS LIMITED
REGISTERED NUMBER:06585669


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




C J Taylor
Director
Date: 29 January 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


BALCONY SHIRTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Balcony Shirts 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.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is generated though the sale of clothing in specialised stores and is  measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

Page 3

 


BALCONY SHIRTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Computer equipment
-
20%
straight line

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 in profit or loss.

Page 4

 


BALCONY SHIRTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.8

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).






Page 5

 


BALCONY SHIRTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 June 2023
40,724
1,795
11,836
54,355



At 31 May 2024

40,724
1,795
11,836
54,355



Depreciation


At 1 June 2023
31,672
1,761
11,836
45,269


Charge for the year on owned assets
2,325
9
-
2,334



At 31 May 2024

33,997
1,770
11,836
47,603



Net book value



At 31 May 2024
6,727
25
-
6,752



At 31 May 2023
9,052
34
-
9,086


5.


Debtors

2024
2023
£
£


Trade debtors
4,398
4,117

Other debtors
11,660
15,853

Prepayments and accrued income
1,570
2,034

17,628
22,004


Page 6

 


BALCONY SHIRTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
2,800
2,800

Trade creditors
1,954
1,005

Corporation tax
6,049
7,774

Other taxation and social security
7,232
5,269

Other creditors
7,000
6,101

Accruals and deferred income
1,910
1,815

26,945
24,764



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
5,133
7,933

Other loans
14,158
19,378

19,291
27,311


The loan amount of £7,933 (2023: £10,733), included within creditors, is guaranteed under the Bounce Back Loan Scheme (BBLS) by the UK Government.


8.


Transactions with directors

Included within other debtors are the following advances and credits to directors which subsisted during the years ended 31 May 2024 and 31 May 2023. This amount is considered to be interest free and repayable on demand.

2024
2023
£
£
Balance outstanding at start of year

15,853

9,396
 
Amounts advanced

34,500

45,000
 
Amounts repaid

(38,693)

(38,543)
 
Balance outstanding at end of year
11,660

15,853
 

 
Page 7