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Registered Number: 11337706
England & Northern Ireland

 

 

 

BALANDE LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
Director FERHAT BALANDE
Registered Number 11337706
Registered Office 49A NOTTINGHAM STREET
MELTON MOWBRAY
Leicester
England
LE13 1NN
Accountants SMART ACCOUNTING AND CONSULTANCY LTD
RUTLAND HOUSE
23-25 FRIAR LANE
LEICESTER
LE1 5QQ
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 May 2024.
Principal activities
Principal activity of the company during the financial year was of Unlicensed restaurants and cafes.
Director
The director who served the company throughout the year was as follows:
FERHAT BALANDE (from 30/04/2018)
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
FERHAT BALANDE
Director

Date approved: 27 February 2025
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 5 11,500    11,500 
Tangible fixed assets 6   1,317 
11,500    12,817 
Current assets      
Stocks 7 720    580 
Debtors 8 10,500    16,155 
Cash at bank and in hand 48,164    54,539 
59,384    71,274 
Creditors: amount falling due within one year 9 (22,880)   (30,046)
Net current assets 36,504    41,228 
 
Total assets less current liabilities 48,004    54,045 
Creditors: amount falling due after more than one year 10 (15,000)   (22,500)
Net assets 33,004    31,545 
 

Capital and reserves
     
Called up share capital 11 31,000    31,000 
Profit and loss account 2,004    545 
Shareholders' funds 33,004    31,545 
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 27 February 2025 and were signed by:


-------------------------------
FERHAT BALANDE
Director
3
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 June 2022 31,000  39,494  70,494 
Profit for the year 20,051  20,051 
Total comprehensive income for the year 20,051  20,051 
Dividends (59,000) (59,000)
Total investments by and distributions to owners (59,000) (59,000)
At 31 May 2023 31,000  545  31,545 
At 01 June 2023 31,000  544  31,544 
Profit for the year 1,460  1,460 
Total comprehensive income for the year 1,460  1,460 
Total investments by and distributions to owners
At 31 May 2024 31,000  2,004  33,004 
4
General Information
BALANDE LTD is a private company, limited by shares, registered in England & Northern Ireland, registration number 11337706, registration address 49A NOTTINGHAM STREET, MELTON MOWBRAY , Leicester , England, LE13 1NN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Straight Line
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Directors' Emoluments

2024
£
  2023
£
Administrative Expenses
Directors Salaries 19,500    19,500 
19,500    19,500 

3.

Staff Costs

2024
£
  2023
£
Wages and salaries 47,270    35,977 
Other staff costs   86 
47,270    36,063 

4.

Average number of employees

Average number of employees during the year was 5 (2023 : 4).
5.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 June 2023 11,500    11,500 
Additions  
Disposals  
At 31 May 2024 11,500    11,500 
Net book values
At 31 May 2024 11,500    11,500 
At 31 May 2023 11,500    11,500 


6.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 June 2023 6,581    6,581 
Additions  
Disposals  
At 31 May 2024 6,581    6,581 
Depreciation
At 01 June 2023 5,264    5,264 
Charge for year 1,317    1,317 
On disposals  
At 31 May 2024 6,581    6,581 
Net book values
Closing balance as at 31 May 2024  
Opening balance as at 01 June 2023 1,317    1,317 


7.

Stocks

2024
£
  2023
£
Stocks 720    580 
720    580 

8.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other Debtors   5,655 
  5,655 

8.

Debtors: amounts falling due after one year

2024
£
  2023
£
Deposits paid 10,500    10,500 
10,500    10,500 

9.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 9,644    551 
Corporation Tax 5,500    11,784 
PAYE & Social Security 1,988    2,374 
Accrued Expenses   3,195 
Advance Paid   (501)
Other Creditors (1)   (4,999)
Dividends Payable - Equity   14,301 
Directors' Current Accounts 2,291    1,632 
VAT 3,458    1,709 
22,880    30,046 

10.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 15,000    22,500 
15,000    22,500 

11.

Share Capital

Authorised
31,000 Class A shares of £1.00 each
Allotted, called up and fully paid
2024
£
  2023
£
31,000 Class A shares of £1.00 each 31,000    31,000 
31,000    31,000 

5