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Registered number: 08136051
Balnae Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Park Lane Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08136051
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 69,703 72,093
69,703 72,093
CURRENT ASSETS
Stocks 6 42,216 11,372
Debtors 7 151,806 180,928
Cash at bank and in hand 1,038 33,647
195,060 225,947
Creditors: Amounts Falling Due Within One Year 8 (290,534 ) (273,071 )
NET CURRENT ASSETS (LIABILITIES) (95,474 ) (47,124 )
TOTAL ASSETS LESS CURRENT LIABILITIES (25,771 ) 24,969
Creditors: Amounts Falling Due After More Than One Year 9 (26,172 ) (24,086 )
NET (LIABILITIES)/ASSETS (51,943 ) 883
CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 14,619 14,619
Profit and Loss Account (66,662 ) (13,836 )
SHAREHOLDERS' FUNDS (51,943) 883
Page 1
Page 2
For the year ending 31 July 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
Miss Lalisa Kyme
Director
28/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Balnae Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08136051 . The registered office is 6B Prince Maurice House , Cavalier Court, Bumpers Farm, Chippenham, Wiltshire, SN14 6LH.
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 and from the rendering of services. 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.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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:
Leasehold 10% on cost
Plant & Machinery 0% on cost
Fixtures & Fittings 25% on cost
Computer Equipment 25% on cost
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 40,000
As at 31 July 2024 40,000
Amortisation
As at 1 August 2023 40,000
As at 31 July 2024 40,000
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2023 19,658 62,819 9,039 15,216 106,732
Additions - 835 - 956 1,791
As at 31 July 2024 19,658 63,654 9,039 16,172 108,523
Depreciation
As at 1 August 2023 18,672 - 7,803 8,164 34,639
Provided during the period 375 - 618 3,188 4,181
As at 31 July 2024 19,047 - 8,421 11,352 38,820
Net Book Value
As at 31 July 2024 611 63,654 618 4,820 69,703
As at 1 August 2023 986 62,819 1,236 7,052 72,093
6. Stocks
2024 2023
£ £
Finished goods 42,216 11,372
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 460 3,153
Other debtors 151,346 177,775
151,806 180,928
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 65,249 32,028
Bank loans and overdrafts 68,499 84,207
Other creditors 146,630 145,349
Taxation and social security 10,156 11,487
290,534 273,071
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 26,172 24,086
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Reserves
Revaluation Reserve
£
As at 1 August 2023 14,619
As at 31 July 2024 14,619
Page 5