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REGISTERED NUMBER: 05507308 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

THE BALLANCE GROUP LIMITED

THE BALLANCE GROUP LIMITED (REGISTERED NUMBER: 05507308)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Balance Sheet 1


THE BALLANCE GROUP LIMITED (REGISTERED NUMBER: 05507308)

BALANCE SHEET
31 JULY 2024

2024 2023
£    £   
Current assets 243,427 364,865

Creditors
Amounts falling due within one year (252,172 ) (371,812 )
Net current liabilities (8,745 ) (6,947 )
Total assets less current liabilities (8,745 ) (6,947 )

Capital and reserves (8,745 ) (6,947 )

Notes to the financial statements

1. STATUTORY INFORMATION

The Ballance Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05507308

Registered office: Suite 8 Worthington House
146 High Street
Burton On Trent
Staffordshire
DE14 1JE

The presentation currency of the financial statements is the Pound Sterling (£).


2. CHANGE IN ACCOUNTING STANDARD FROM FRS 102 1A TO FRS 105

The company has transitioned from using FRS 102 1A The Financial Reporting Standard applicable to Small Entities to FRS 105 The Financial Reporting Standard applicable to Micro Entities. The comparative figures included in these accounts for the year ending 31 July 2024 have not required revision.

3. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 3 (2023 - 1 ) .

THE BALLANCE GROUP LIMITED (REGISTERED NUMBER: 05507308)

BALANCE SHEET - continued
31 JULY 2024

Notes to the financial statements

4. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Mr M P Ballance
Balance outstanding at start of year 2,462 -
Amounts advanced 9,899 2,462
Amounts repaid (2,735 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,626 2,462

This loan is interest free and repayable on demand.

5. GOING CONCERN

The director has reviewed the credit facilities available to the company over the forthcoming 12 months and assessed that they are sufficient to allow the company to continue to trade and meet its financial obligations as they fall due. Having taken these factors into account the director has prepared the accounts on a going concern basis.



The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 25 April 2025 and were signed by:




Mr M P Ballance - Director