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REGISTERED NUMBER: 05630883 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Ballscrew Services Limited

Ballscrew Services Limited (Registered number: 05630883)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ballscrew Services Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Mr J A Gray





SECRETARY: Mrs P J Gray





REGISTERED OFFICE: Unit 7 (Phase 1)
Park Court
Park Lane Business Park
Kirkby in Ashfield
Nottinghamshire
NG17 9LB





REGISTERED NUMBER: 05630883 (England and Wales)





ACCOUNTANTS: TC Group
Cliffe Hill House
22-26 Nottingham Road
Stapleford
Nottingham
NG9 8AA

Ballscrew Services Limited (Registered number: 05630883)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 21,713 25,336

CURRENT ASSETS
Stocks 82,155 80,576
Debtors 5 86,600 62,326
Cash at bank and in hand 43,770 87,250
212,525 230,152
CREDITORS
Amounts falling due within one year 6 91,794 106,507
NET CURRENT ASSETS 120,731 123,645
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,444

148,981

CREDITORS
Amounts falling due after more than one
year

7

-

(2,513

)

PROVISIONS FOR LIABILITIES (5,428 ) (4,814 )
NET ASSETS 137,016 141,654

CAPITAL AND RESERVES
Called up share capital 9 10
Share premium 19,998 19,998
Capital redemption reserve 3 2
Other reserves (25,125 ) -
Retained earnings 142,131 121,644
SHAREHOLDERS' FUNDS 137,016 141,654

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Ballscrew Services Limited (Registered number: 05630883)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2025 and were signed by:





Mr J A Gray - Director


Ballscrew Services Limited (Registered number: 05630883)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Ballscrew Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Where the company has partially performed its contractual obligations, it recognises revenue to the extent that it has obtained the right to consideration through its performance.

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 - 25% on cost and 25% on reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Ballscrew Services Limited (Registered number: 05630883)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 200,034
Additions 4,501
At 30 November 2024 204,535
DEPRECIATION
At 1 December 2023 174,698
Charge for year 8,124
At 30 November 2024 182,822
NET BOOK VALUE
At 30 November 2024 21,713
At 30 November 2023 25,336

Ballscrew Services Limited (Registered number: 05630883)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 50,246
DEPRECIATION
At 1 December 2023 34,348
Charge for year 3,974
At 30 November 2024 38,322
NET BOOK VALUE
At 30 November 2024 11,924
At 30 November 2023 15,898

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 77,592 53,330
Other debtors 9,008 8,996
86,600 62,326

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts 2,513 10,049
Trade creditors 35,253 36,471
Taxation and social security 42,542 42,932
Other creditors 11,486 17,055
91,794 106,507

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts - 2,513