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REGISTERED NUMBER: NI610681 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

BALTIC B ENTERPRISES LIMITED

BALTIC B ENTERPRISES LIMITED (REGISTERED NUMBER: NI610681)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2 to 4

Notes to the Financial Statements 5 to 8


BALTIC B ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: P Pelan





REGISTERED OFFICE: 17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG





REGISTERED NUMBER: NI610681 (Northern Ireland)





ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG

BALTIC B ENTERPRISES LIMITED (REGISTERED NUMBER: NI610681)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 714,822 777,895
Tangible assets 5 36,779 57,678
751,601 835,573

CURRENT ASSETS
Stocks 164,620 149,655
Debtors 6 365,936 327,491
Cash at bank and in hand 112,444 86,467
643,000 563,613
CREDITORS
Amounts falling due within one year 7 547,043 474,483
NET CURRENT ASSETS 95,957 89,130
TOTAL ASSETS LESS CURRENT
LIABILITIES

847,558

924,703

CREDITORS
Amounts falling due after more than one
year

8

(803,095

)

(895,385

)

PROVISIONS FOR LIABILITIES (15,607 ) (12,401 )
NET ASSETS 28,856 16,917

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 27,856 15,917
28,856 16,917

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 director acknowledges his 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.

BALTIC B ENTERPRISES LIMITED (REGISTERED NUMBER: NI610681)

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.

BALTIC B ENTERPRISES LIMITED (REGISTERED NUMBER: NI610681)

BALANCE SHEET - continued
30 APRIL 2024



The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:





P Pelan - Director


BALTIC B ENTERPRISES LIMITED (REGISTERED NUMBER: NI610681)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Baltic B Enterprises Limited is a private company, limited by shares , registered in Northern Ireland. 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

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.

Significant judgements and estimates
In preparing these financial statements the director has made the following judgements in:

The determination of whether there are indicators of impairment of the company's goodwill. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the business.

The need for impairment provisions against items held in stock. These considerations are undertaken regularly by the director, and especially at the year end date. Factors taken into account include historical experience, current market conditions and knowledge of the sector. Amounts identified as irrecoverable will be provided against in the relevant period.

The director also considers the depreciation rates and useful lives on an annual basis to ensure there is sufficient evidence to support these and that the estimates remain reasonable.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of fifteen years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on 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.


BALTIC B ENTERPRISES LIMITED (REGISTERED NUMBER: NI610681)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
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.

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 12 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 1,496,088
AMORTISATION
At 1 May 2023 718,193
Charge for year 63,073
At 30 April 2024 781,266
NET BOOK VALUE
At 30 April 2024 714,822
At 30 April 2023 777,895

BALTIC B ENTERPRISES LIMITED (REGISTERED NUMBER: NI610681)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 85,533
DEPRECIATION
At 1 May 2023 27,855
Charge for year 20,899
At 30 April 2024 48,754
NET BOOK VALUE
At 30 April 2024 36,779
At 30 April 2023 57,678

6. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Trade debtors 132,672 164,418
Directors' current accounts 157,457 112,018
VAT 21,400 29,222
311,529 305,658

Amounts falling due after more than one year:
Tax 54,407 21,833

Aggregate amounts 365,936 327,491

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 57,719 57,719
Hire purchase contracts 14,838 11,838
Trade creditors 242,245 233,787
Taxation and social security 217,430 106,943
Other creditors 14,811 64,196
547,043 474,483

BALTIC B ENTERPRISES LIMITED (REGISTERED NUMBER: NI610681)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 765,359 845,811
Hire purchase contracts 37,736 49,574
803,095 895,385