Registered number
12172850
BALBIS LIMITED
Filleted Accounts
28 February 2025
BALBIS LIMITED
Registered number: 12172850
Balance Sheet
as at 28 February 2025
Notes 2025 2023
£ £
Current assets
Debtors 3 - 60,922
Cash at bank and in hand 107,574 55,419
107,574 116,341
Creditors: amounts falling due within one year 4 (2,558) (31,866)
Net current assets 105,016 84,475
Net assets 105,016 84,475
Capital and reserves
Called up share capital 1 1
Profit and loss account 105,015 84,474
Shareholder's funds 105,016 84,475
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mohamed Hesham Dahman
Director
Approved by the board on 7 May 2025
BALBIS LIMITED
Notes to the Accounts
for the period from 1 September 2023 to 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange.
2 Employees 2025 2023
Number Number
Average number of persons employed by the company 0 1
3 Debtors 2025 2023
£ £
Trade debtors - 60,922
4 Creditors: amounts falling due within one year 2025 2023
£ £
Trade creditors - 13,723
Taxation and social security costs 2,558 6,126
Other creditors - 12,017
2,558 31,866
5 Other information
BALBIS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Associates House
118A East Barnet Road
New Barnet
Hertfordshire
EN4 8RE
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