Registered number
11391895
BALSEROS LTD
Filleted Accounts
31 May 2024
BALSEROS LTD
Registered number: 11391895
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,480 1,262
Current assets
Stocks 1,440 1,685
Debtors 4 (9,242) -
Cash at bank and in hand 3,392 10,156
(4,410) 11,841
Creditors: amounts falling due within one year 5 (536) (7,104)
Net current (liabilities)/assets (4,946) 4,737
Total assets less current liabilities 534 5,999
Creditors: amounts falling due after more than one year 6 (46,490) (49,797)
Net liabilities (45,956) (43,798)
Capital and reserves
Called up share capital 100 100
Profit and loss account (46,056) (43,898)
Shareholder's funds (45,956) (43,798)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Claudia Janneth PILCO CONDO
Director
Approved by the board on 25 February 2025
BALSEROS LTD
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Corporation tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 -
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 1,262
Additions 5,450
At 31 May 2024 6,712
Depreciation
Charge for the year 1,232
At 31 May 2024 1,232
Net book value
At 31 May 2024 5,480
At 31 May 2023 1,262
4 Debtors 2024 2023
£ £
Prepayments & other debtors (9,242) -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 536 2,379
Taxation and social security costs - 4,725
536 7,104
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,300 22,482
Other creditors 34,190 27,315
46,490 49,797
7 Other information
BALSEROS LTD is a private company limited by shares and incorporated in England. Its registered office is:
54 Welling High Street
Welling
DA16 1TQ
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