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REGISTERED NUMBER: 06254719 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BALLPOINT OFFICE SUPPLIES LIMITED

BALLPOINT OFFICE SUPPLIES LIMITED (REGISTERED NUMBER: 06254719)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BALLPOINT OFFICE SUPPLIES LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: J R Thorpe
G F Huntington
S Oakes





SECRETARY: J R Thorpe





REGISTERED OFFICE: 21 The Bell Centre
Newton Road
Crawley
West Sussex
RH10 9FZ





REGISTERED NUMBER: 06254719 (England and Wales)





ACCOUNTANTS: Waight & Company Ltd
Trading as WaightSharnock
8 Lonsdale Gardens
Tunbridge Wells
Kent
TN1 1NU

BALLPOINT OFFICE SUPPLIES LIMITED (REGISTERED NUMBER: 06254719)

BALANCE SHEET
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 85,500 108,000
Tangible assets 5 23,855 10,103
109,355 118,103

CURRENT ASSETS
Stocks 24,541 28,155
Debtors 6 139,230 143,268
Cash at bank 90,532 157,448
254,303 328,871
CREDITORS
Amounts falling due within one year 7 111,525 147,825
NET CURRENT ASSETS 142,778 181,046
TOTAL ASSETS LESS CURRENT
LIABILITIES

252,133

299,149

PROVISIONS FOR LIABILITIES 5,964 1,920
NET ASSETS 246,169 297,229

CAPITAL AND RESERVES
Called up share capital 8 98 98
Retained earnings 246,071 297,131
SHAREHOLDERS' FUNDS 246,169 297,229

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

BALLPOINT OFFICE SUPPLIES LIMITED (REGISTERED NUMBER: 06254719)

BALANCE SHEET - continued
30 September 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 11 February 2025 and were signed on its behalf by:




G F Huntington - Director



J R Thorpe - Director


BALLPOINT OFFICE SUPPLIES LIMITED (REGISTERED NUMBER: 06254719)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Ballpoint Office Supplies 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.

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 is amortised over a maximum of 20 years. Goodwill paid in connection with the acquisition of a business in 2007 is being amortised over 20 years.
Goodwill purchased subsequently is amortised fully in the year of acquisition.

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 - 25% on reducing balance
Motor vehicles - 25% 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.

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.


BALLPOINT OFFICE SUPPLIES LIMITED (REGISTERED NUMBER: 06254719)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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 11 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 465,000
AMORTISATION
At 1 October 2023 357,000
Charge for year 22,500
At 30 September 2024 379,500
NET BOOK VALUE
At 30 September 2024 85,500
At 30 September 2023 108,000

BALLPOINT OFFICE SUPPLIES LIMITED (REGISTERED NUMBER: 06254719)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 14,528 29,444 6,748 50,720
Additions - 23,000 - 23,000
Disposals - (12,948 ) - (12,948 )
At 30 September 2024 14,528 39,496 6,748 60,772
DEPRECIATION
At 1 October 2023 14,382 21,189 5,046 40,617
Charge for year 37 7,490 425 7,952
Eliminated on disposal - (11,652 ) - (11,652 )
At 30 September 2024 14,419 17,027 5,471 36,917
NET BOOK VALUE
At 30 September 2024 109 22,469 1,277 23,855
At 30 September 2023 146 8,255 1,702 10,103

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 137,978 142,133
Other debtors 1,252 1,135
139,230 143,268

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 72,232 73,561
Taxation and social security 37,036 52,119
Other creditors 2,257 22,145
111,525 147,825

BALLPOINT OFFICE SUPPLIES LIMITED (REGISTERED NUMBER: 06254719)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
48 Ordinary "A" £1 48 48
48 Ordinary "B" £1 48 48
2 Ordinary "C" and "D" £1 2 2
98 98

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £77,500 (2023 - £94,250) were paid to the directors .

During the year, total dividends of £20,000 (2023 - £20,000) were paid to wives of the directors.