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Registration number: 00539046

W.G.Ball Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024

 

W.G.Ball Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

W.G.Ball Limited

(Registration number: 00539046)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

96,053

112,722

Investments

5

165

165

 

96,218

112,887

Current assets

 

Stocks

6

246,330

332,753

Debtors

7

187,667

227,420

Cash at bank and in hand

 

135,677

273,706

 

569,674

833,879

Creditors: Amounts falling due within one year

8

(300,727)

(218,841)

Net current assets

 

268,947

615,038

Total assets less current liabilities

 

365,165

727,925

Provisions for liabilities

(20,368)

(24,303)

Net assets

 

344,797

703,622

Capital and reserves

 

Called up share capital

1,200

1,200

Retained earnings

343,597

702,422

Shareholders' funds

 

344,797

703,622

 

W.G.Ball Limited

(Registration number: 00539046)
Balance Sheet as at 30 September 2024

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 27 June 2025 and signed on its behalf by:
 

.........................................
Mr L D Dodd
Director

 

W.G.Ball Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
Longton Mill
Anchor Road
Longton
Stoke On Trent
ST3 1JW

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

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 profit.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense.

 

W.G.Ball Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold Property

2% straight line on buildings only

Plant and machinery

10/25% reducing balance & straight line over 3 years

Fixtures, fittings and equipment

10% reducing balance

Motor vehicles

25% reducing balance

Investments

Fixed asset investments are stated at cost less provision for the permanent diminution in value.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2023 - 12).

 

W.G.Ball Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 October 2023

108,688

75,720

220,376

404,784

Additions

-

-

1,082

1,082

At 30 September 2024

108,688

75,720

221,458

405,866

Depreciation

At 1 October 2023

94,465

36,182

161,416

292,063

Charge for the year

1,422

9,884

6,444

17,750

At 30 September 2024

95,887

46,066

167,860

309,813

Carrying amount

At 30 September 2024

12,801

29,654

53,598

96,053

At 30 September 2023

14,223

39,538

58,961

112,722

5

Investments

2024
£

2023
£

Investments

165

165

6

Stocks

2024
£

2023
£

Stock

246,330

332,753

7

Debtors

Current

2024
£

2023
£

Trade debtors

165,056

209,705

Other debtors

22,611

17,715

 

187,667

227,420

 

W.G.Ball Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

121,510

98,184

Taxation and social security

22,123

29,586

Other creditors

157,094

91,071

300,727

218,841

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £28,218 (2023 - £53,175). Included in this amount is £22,789 due within one year (2023: £24,957).