20 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 56,180 2,550 58,730 34,996 14,149 49,145 9,585 21,184 xbrli:pure xbrli:shares iso4217:GBP 11417831 2023-07-01 2024-06-30 11417831 2024-06-30 11417831 2023-06-30 11417831 2022-07-01 2023-06-30 11417831 2023-06-30 11417831 2022-06-30 11417831 bus:Director1 2023-07-01 2024-06-30 11417831 core:WithinOneYear 2024-06-30 11417831 core:WithinOneYear 2023-06-30 11417831 core:ShareCapital 2024-06-30 11417831 core:ShareCapital 2023-06-30 11417831 core:RetainedEarningsAccumulatedLosses 2024-06-30 11417831 core:RetainedEarningsAccumulatedLosses 2023-06-30 11417831 bus:Director1 2023-06-30 11417831 bus:Director1 2022-06-30 11417831 bus:SmallEntities 2023-07-01 2024-06-30 11417831 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 11417831 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 11417831 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11417831 bus:FullAccounts 2023-07-01 2024-06-30 11417831 core:CapitalReserve 1 2022-07-01 2023-06-30 11417831 core:CapitalContributionReserve 2024-06-30 11417831 core:CapitalContributionReserve 2023-06-30 11417831 core:ComputerEquipment 2023-07-01 2024-06-30 11417831 core:ComputerEquipment 2023-06-30 11417831 core:ComputerEquipment 2024-06-30 11417831 1 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 11417831
Balrog Technology Limited
Filleted Unaudited Financial Statements
30 June 2024
Balrog Technology Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
9,585
21,184
Current assets
Debtors
6
674,469
1,202,448
Cash at bank and in hand
654,191
344,794
-------------
-------------
1,328,660
1,547,242
Creditors: amounts falling due within one year
7
390,423
424,870
-------------
-------------
Net current assets
938,237
1,122,372
----------
-------------
Total assets less current liabilities
947,822
1,143,556
----------
-------------
Net assets
947,822
1,143,556
----------
-------------
Capital and reserves
Called up share capital
2
2
Capital contribution reserve
76,857
76,857
Profit and loss account
870,963
1,066,697
----------
-------------
Shareholders funds
947,822
1,143,556
----------
-------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Balrog Technology Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 7 May 2025 , and are signed on behalf of the board by:
Mr B Mannerings
Director
Company registration number: 11417831
Balrog Technology Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Castle Business Village, Station Road, Hampton, TW12 2BX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Going concern
The company's trade ceased in December 2024. The director consides that this has no effect on these financial statements, which have therefore been prepared on a going concern basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
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.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 20 (2023: 20 ).
5. Tangible assets
Equipment
£
Cost
At 1 July 2023
56,180
Additions
2,550
---------
At 30 June 2024
58,730
---------
Depreciation
At 1 July 2023
34,996
Charge for the year
14,149
---------
At 30 June 2024
49,145
---------
Carrying amount
At 30 June 2024
9,585
---------
At 30 June 2023
21,184
---------
6. Debtors
2024
2023
£
£
Trade debtors
539,415
959,405
Other debtors
135,054
243,043
----------
-------------
674,469
1,202,448
----------
-------------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
29,409
164,574
Corporation tax
43,883
Social security and other taxes
65,054
102,915
Other creditors
295,960
113,498
----------
----------
390,423
424,870
----------
----------
8. Analysis of other comprehensive income
Capital contribution reserve
£
Year ended 30 June 2023
Tokens gifted
76,857
---------
9. Events after the end of the reporting period
The company's trade ceased in December 2024.
Balrog Technology Limited
Notes to the Financial Statements (continued)
Year ended 30 June 2024
10. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
Balance brought forward and outstanding
2024
2023
£
£
Mr B Mannerings
1,061
1,061
-------
-------