IRIS Accounts Production v24.3.0.553 SC385430 director 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3854302023-12-31SC3854302024-12-31SC3854302024-01-012024-12-31SC3854302022-12-31SC3854302023-01-012023-12-31SC3854302023-12-31SC385430ns15:Scotland2024-01-012024-12-31SC385430ns14:PoundSterling2024-01-012024-12-31SC385430ns10:Director12024-01-012024-12-31SC385430ns10:PrivateLimitedCompanyLtd2024-01-012024-12-31SC385430ns10:SmallEntities2024-01-012024-12-31SC385430ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-31SC385430ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-31SC385430ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-31SC385430ns10:FullAccounts2024-01-012024-12-31SC385430ns10:RegisteredOffice2024-01-012024-12-31SC385430ns5:CurrentFinancialInstruments2024-12-31SC385430ns5:CurrentFinancialInstruments2023-12-31SC385430ns5:Non-currentFinancialInstruments2024-12-31SC385430ns5:Non-currentFinancialInstruments2023-12-31SC385430ns5:ShareCapital2024-12-31SC385430ns5:ShareCapital2023-12-31SC385430ns5:RetainedEarningsAccumulatedLosses2024-12-31SC385430ns5:RetainedEarningsAccumulatedLosses2023-12-31SC385430ns5:LeaseholdImprovements2024-01-012024-12-31SC385430ns5:FurnitureFittings2024-01-012024-12-31SC385430ns5:ComputerEquipment2024-01-012024-12-31SC385430ns5:LeaseholdImprovements2023-12-31SC385430ns5:FurnitureFittings2023-12-31SC385430ns5:ComputerEquipment2023-12-31SC385430ns5:LeaseholdImprovements2024-12-31SC385430ns5:FurnitureFittings2024-12-31SC385430ns5:ComputerEquipment2024-12-31SC385430ns5:LeaseholdImprovements2023-12-31SC385430ns5:FurnitureFittings2023-12-31SC385430ns5:ComputerEquipment2023-12-31SC385430ns5:CostValuation2023-12-31
REGISTERED NUMBER: SC385430 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

Balkan Proof Limited

Balkan Proof Limited (Registered number: SC385430)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Balkan Proof Limited

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTOR: Mr J Burns





REGISTERED OFFICE: 17 Colvilles Park
Kelvin Industrail Estate
East Kilbride
Glasgow
G75 0GZ





REGISTERED NUMBER: SC385430 (Scotland)





ACCOUNTANTS: R.A.M.
Unit 17, Colvilles Park
Kelvin Industrial Estate
East Kilbride
South Lanarkshire
G75 0GZ

Balkan Proof Limited (Registered number: SC385430)

STATEMENT OF FINANCIAL POSITION
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,028 28,755
Investments 5 182,556 182,556
208,584 211,311

CURRENT ASSETS
Stocks 27,140 26,050
Cash at bank and in hand 52,030 38,291
79,170 64,341
CREDITORS
Amounts falling due within one year 6 343,702 244,311
NET CURRENT LIABILITIES (264,532 ) (179,970 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(55,948

)

31,341

CREDITORS
Amounts falling due after more than one
year

7

6,735

18,109
NET (LIABILITIES)/ASSETS (62,683 ) 13,232

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (62,684 ) 13,231
SHAREHOLDERS' FUNDS (62,683 ) 13,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Balkan Proof Limited (Registered number: SC385430)

STATEMENT OF FINANCIAL POSITION - continued
31 December 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 director and authorised for issue on 12 February 2025 and were signed by:





Mr J Burns - Director


Balkan Proof Limited (Registered number: SC385430)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Balkan Proof Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 50% 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.

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.

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 34 (2023 - 35 ) .

Balkan Proof Limited (Registered number: SC385430)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 155,591 49,057 19,733 224,381
Additions - 7,244 - 7,244
At 31 December 2024 155,591 56,301 19,733 231,625
DEPRECIATION
At 1 January 2024 144,164 36,662 14,800 195,626
Charge for year 2,857 4,647 2,467 9,971
At 31 December 2024 147,021 41,309 17,267 205,597
NET BOOK VALUE
At 31 December 2024 8,570 14,992 2,466 26,028
At 31 December 2023 11,427 12,395 4,933 28,755

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 182,556
NET BOOK VALUE
At 31 December 2024 182,556
At 31 December 2023 182,556

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 43,901 130,598
Taxation and social security 177,482 64,337
Other creditors 122,319 49,376
343,702 244,311

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Other creditors 6,735 18,109

Balkan Proof Limited (Registered number: SC385430)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024


8. PENSION COMMITMENTS

The company operates a defined contribution scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31st December 2024 Mr J. Burns was owed £103,307 by the company (2023 - £29,783). This loan is interest free.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J Burns.