Company registration number 04020436 (England and Wales)
BALZAN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
BALZAN LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
BALZAN LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
9,109
523
Current assets
Debtors
5
20,486
27,005
Cash at bank and in hand
502,069
396,377
522,555
423,382
Creditors: amounts falling due within one year
6
(144,482)
(155,850)
Net current assets
378,073
267,532
Total assets less current liabilities
387,182
268,055
Creditors: amounts falling due after more than one year
7
(8,334)
(19,444)
Net assets
378,848
248,611
Capital and reserves
Called up share capital
8
1
1
Profit and loss reserves
378,847
248,610
Total equity
378,848
248,611
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 24 July 2025
Mr B Caruana
Director
Company Registration No. 04020436
BALZAN LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024
31 October 2024
- 2 -
1
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
7
7
3
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
38,759
39,147
4
Tangible fixed assets
Plant and machinery etc
£
Cost
As at 31 October 2023
4,099
Additions
11,363
At 31 October 2024
15,462
Depreciation and impairment
At 1 November 2023
3,576
Depreciation charged in the year
2,777
At 31 October 2024
6,353
Carrying amount
At 31 October 2024
9,109
At 31 October 2023
523
BALZAN LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024
31 October 2024
- 3 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
9,534
10,499
Amounts owed by group undertakings
104
75
Other debtors
10,848
16,431
20,486
27,005
Other Debtors include amount owed by the director of £1,041 (2023: £230).
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
16,387
12,501
Trade creditors
2,667
9,450
Corporation tax
38,759
39,147
Other taxation and social security
55,709
59,361
Other creditors
818
734
Accruals and deferred income
30,142
34,657
144,482
155,850
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other Creditors : Bounce Back Loan
8,334
19,444
8
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary Share of £1
1
1