Balloon Blast Ltd 10613828 true 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is that of professional balloon decorators Digita Accounts Production Advanced 6.30.9574.0 true Ms Lisa Marie Wilshere 10613828 2023-03-01 2024-02-29 10613828 2024-02-29 10613828 core:RetainedEarningsAccumulatedLosses 2024-02-29 10613828 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 10613828 bus:FRS102 2023-03-01 2024-02-29 10613828 bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 10613828 bus:FullAccounts 2023-03-01 2024-02-29 10613828 bus:RegisteredOffice 2023-03-01 2024-02-29 10613828 bus:Director1 2023-03-01 2024-02-29 10613828 bus:EntityNoLongerTradingButTradedInPast 2023-03-01 2024-02-29 10613828 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10613828 countries:EnglandWales 2023-03-01 2024-02-29 10613828 2023-02-28 10613828 core:RetainedEarningsAccumulatedLosses 2023-02-28 10613828 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 iso4217:GBP

Registration number: 10613828

Balloon Blast Ltd

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Balloon Blast Ltd

(Registration number: 10613828)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Current assets

 

Stocks

3

197

197

Creditors: Amounts falling due within one year

4

(892)

(799)

Net liabilities

 

(695)

(602)

Capital and reserves

 

Retained earnings

(695)

(602)

Shareholders' deficit

 

(695)

(602)

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 February 2025
 

.........................................
Ms Lisa Marie Wilshere
Director

 

Balloon Blast Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
27 Westerlands
Stapleford
Nottingham
NG9 7JE
England

These financial statements were authorised for issue by the director on 20 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Balloon Blast Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

3

Stocks

2024
£

2023
£

Other inventories

197

197

4

Creditors

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

34

-

Amounts due to related parties

798

738

Other payables

 

-

1

Accruals

 

60

60

 

892

799

5

Share capital