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REGISTERED NUMBER: 04458803 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 MARCH 2024

FOR

BALLS GRINDING LIMITED

BALLS GRINDING LIMITED (REGISTERED NUMBER: 04458803)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BALLS GRINDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 MARCH 2024







DIRECTOR: R J Ball-Hornblow





SECRETARY: Mrs C L Ball-Hornblow





REGISTERED OFFICE: Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA





REGISTERED NUMBER: 04458803 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

BALLS GRINDING LIMITED (REGISTERED NUMBER: 04458803)

BALANCE SHEET
29 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 534 188,904
534 188,904

CURRENT ASSETS
Stocks 45,000 45,000
Debtors 6 707,099 722,794
Cash at bank 31,482 55,784
783,581 823,578
CREDITORS
Amounts falling due within one year 7 193,056 144,652
NET CURRENT ASSETS 590,525 678,926
TOTAL ASSETS LESS CURRENT
LIABILITIES

591,059

867,830

PROVISIONS FOR LIABILITIES 133 35,892
NET ASSETS 590,926 831,938

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 300 300
Retained earnings 590,526 831,538
SHAREHOLDERS' FUNDS 590,926 831,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 March 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.

BALLS GRINDING LIMITED (REGISTERED NUMBER: 04458803)

BALANCE SHEET - continued
29 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 February 2025 and were signed by:





R J Ball-Hornblow - Director


BALLS GRINDING LIMITED (REGISTERED NUMBER: 04458803)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MARCH 2024

1. STATUTORY INFORMATION

Balls Grinding 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

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provision of section 1A "Small Entities"of 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 historic cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax, and is recognised at point of sale.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003 was amortised evenly over its estimated useful life, and is now fully amortised.

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 - 10% on cost
Computer equipment - 25% on cost

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

Financial instruments
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognized at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


BALLS GRINDING LIMITED (REGISTERED NUMBER: 04458803)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MARCH 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

Going concern
The directors have considered the risks and issues concerning the company and its activities, and no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern have been identified by the directors.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30 March 2023
and 29 March 2024 151,000
AMORTISATION
At 30 March 2023
and 29 March 2024 151,000
NET BOOK VALUE
At 29 March 2024 -
At 29 March 2023 -

BALLS GRINDING LIMITED (REGISTERED NUMBER: 04458803)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 30 March 2023 326,711 20,138 346,849
Disposals (326,711 ) - (326,711 )
At 29 March 2024 - 20,138 20,138
DEPRECIATION
At 30 March 2023 139,598 18,347 157,945
Charge for year - 1,257 1,257
Eliminated on disposal (139,598 ) - (139,598 )
At 29 March 2024 - 19,604 19,604
NET BOOK VALUE
At 29 March 2024 - 534 534
At 29 March 2023 187,113 1,791 188,904

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 53,128 85,560
Other debtors 22,734 21,372
Loan to participator 475,690 -
Directors' loan accounts - 465,040
Prepayments 2,872 1,741
554,424 573,713

Amounts falling due after more than one year:
S455 Tax 152,675 149,081

Aggregate amounts 707,099 722,794

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1 -
Trade creditors 35,193 43,521
Corporation Tax 74,156 83,666
Social security and other taxes (3,201 ) 97
Wages control 660 -
VAT 10,247 9,368
Directors' loan accounts 68,000 -
Accrued expenses 8,000 8,000
193,056 144,652

BALLS GRINDING LIMITED (REGISTERED NUMBER: 04458803)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MARCH 2024

8. TRANSACTION WITH DIRECTORS

The following advances and credits to directors subsisted during the years ended 29 March 2024 and 29 March 2023:

2024 2023
£    £   
R J Ball-Hornblow
Balance outstanding at start of year - -
Amounts repaid (68,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (68,000 ) -

B Ball-Hornblow
Balance outstanding at start of year 465,040 448,172
Amounts advanced 39,028 27,849
Amounts repaid (504,068 ) (10,981 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 465,040

Interest is being charged annually at the HMRC approved rate, and there are no set repayment terms.

B Ball-Hornblow resigned as a director during the year, as such this loan balance has been moved from a director's loan to other debtors in the balance sheet accordingly.

9. ULTIMATE CONTROLLING PARTY

As at the year end the company was a subsidiary of BallnDad Limited. Ballndad Limited acquired the shares of the company in the year to 31 March 2021. The Directors B Ball-Hornblow and R J Ball-Hornblow are also shareholders in BallnDad Limited.

At the year-end Balls Grinding Ltd was owed £15,638 by Ballndad Ltd (2023: £14,789).

BALLNDAD LTD
Company number: 13127562
Registered office: Chargrove House Main Road, Shurdington, Cheltenham, England, GL51 4GA