Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 10347170 Mrs NATASHA MARNIE HART iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10347170 2023-08-31 10347170 2024-08-31 10347170 2023-09-01 2024-08-31 10347170 frs-core:CurrentFinancialInstruments 2024-08-31 10347170 frs-core:ComputerEquipment 2024-08-31 10347170 frs-core:ComputerEquipment 2023-09-01 2024-08-31 10347170 frs-core:ComputerEquipment 2023-08-31 10347170 frs-core:ShareCapital 2024-08-31 10347170 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10347170 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10347170 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10347170 frs-bus:SmallEntities 2023-09-01 2024-08-31 10347170 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10347170 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10347170 frs-bus:Director1 2023-09-01 2024-08-31 10347170 frs-countries:EnglandWales 2023-09-01 2024-08-31 10347170 2022-08-31 10347170 2023-08-31 10347170 2022-09-01 2023-08-31 10347170 frs-core:CurrentFinancialInstruments 2023-08-31 10347170 frs-core:ShareCapital 2023-08-31 10347170 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 10347170
BALLOONS BY NAT LTD
Unaudited Financial Statements
For The Year Ended 31 August 2024
LABAIT PROFESSIONALS LIMITED
Institute of Financial Accountants
Unit 1
17 Castle Street
Chester
England
CH1 2DS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10347170
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 731 1,068
731 1,068
CURRENT ASSETS
Stocks 5 1,000 1,500
Debtors 6 470 -
Cash at bank and in hand 8,342 8,746
9,812 10,246
Creditors: Amounts Falling Due Within One Year 7 (3,471 ) (3,160 )
NET CURRENT ASSETS (LIABILITIES) 6,341 7,086
TOTAL ASSETS LESS CURRENT LIABILITIES 7,072 8,154
NET ASSETS 7,072 8,154
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 7,071 8,153
SHAREHOLDERS' FUNDS 7,072 8,154
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For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs NATASHA MARNIE HART
Director
28/04/2025
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
BALLOONS BY NAT LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10347170 . The registered office is 15 Lawson Court Lorne Road, London, N4 3AU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% Straight Line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments FRS 102' to all of its financial instrument.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liability are offset, with the net amounts present in the financial statements, when there is a legal enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balance, and initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidence a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitute a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instrument are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2023 1,349
As at 31 August 2024 1,349
Depreciation
As at 1 September 2023 281
Provided during the period 337
As at 31 August 2024 618
Net Book Value
As at 31 August 2024 731
As at 1 September 2023 1,068
5. Stocks
2024 2023
£ £
Stock 1,000 1,500
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 470 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net wages - 719
Other creditors 37 -
Accruals and deferred income 1,913 1,941
Director's loan account 1,521 500
3,471 3,160
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Related Party Transactions
At the start of the accounting year,  the opening balance of the directors' loans owned by the company was £499.79.
During the year, £10.48 was paid to the director.  The company also borrowed £1,531.12 from the director.
The closing balance of directors' loans owned by the company at the end of the accounting year is £1,520.64.
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