Company registration number: 11406273
Unaudited financial statements
for the year ended 30 June 2024
for
Golden Ball Bridgwater Ltd
Pages for filing with the Registrar
Company registration number: 11406273
Golden Ball Bridgwater Ltd
Balance sheet
as at 30 June 2024
30 Jun 24 30 Jun 23
Note £ £ £ £
Fixed assets
Tangible assets 4 2,843 4,676
2,843 4,676
Current assets
Stocks 11,352 7,178
Debtors 94,321 77,679
Cash at bank and in hand 16,152 12,301
121,825 97,158
Creditors: amounts falling due within one
year
(89,673) (67,917)
Net current assets 32,152 29,241
Total assets less current liabilities 34,995 33,917
Creditors: Amounts falling due after more
than one year
(29,286) (35,648)
NET ASSETS/(LIABILITIES) 5,709 (1,731)
Capital and reserves
Called up share capital 2 2
Profit and loss account 5,707 (1,733)
TOTAL EQUITY 5,709 (1,731)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 June 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 11406273
Golden Ball Bridgwater Ltd
Balance sheet - continued
as at 30 June 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr R Cavanagh, Director
1 April 2025
2
Golden Ball Bridgwater Ltd
Notes to the financial statements
for the year ended 30 June 2024
1 Company information
Golden Ball Bridgwater Ltd is a private company registered in England and Wales. Its registered number is 11406273. The company is limited by shares. Its registered office is The Golden Ball, 19 High Street, Bridgwater, Somerset, TA6 3BE.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 15% straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
3
Golden Ball Bridgwater Ltd
Notes to the financial statements - continued
for the year ended 30 June 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 7 (2023 - 6).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 July 2023 12,844
Additions 5,080
Disposals (4,980)
At 30 June 2024 12,944
Depreciation
At 1 July 2023 8,168
Charge for year 2,120
Eliminated on disposal (187)
At 30 June 2024 10,101
Net book value
At 30 June 2024 2,843
At 30 June 2023 4,676
4
Golden Ball Bridgwater Ltd
Notes to the financial statements - continued
for the year ended 30 June 2024
4 Tangible fixed assets - continued
If Plant and machinery etc. had not been revalued, the assets would have been included at the following historical cost:
30 Jun 24 30 Jun 23
£ £
Cost 12,944 12,844
Accumulated depreciation 10,101 8,168
5 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the periods ended 30 June 2024 and 30 June 2023.
30 Jun 24 30 Jun 23
£ £
R Cavanagh
Balance outstanding at start of year 52,786 30,648
Amounts advanced 12,796 22,138
Balance outstanding at end of year 65,582 52,786
All advances are interest free.
5