Berkshire Balloons Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14663785

		28 February 2025		29 February 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		648		864
Tangible Assets	5		3,089		3,796

			3,737		4,660
CURRENT ASSETS
Stocks	6	26,920		24,060
Debtors	7	10,579		9,766
Cash at bank and in hand		1,464		879

		38,963		34,705
Creditors: Amounts Falling Due Within One Year	8	(96,715 )		(63,938 )

NET CURRENT ASSETS (LIABILITIES)			(57,752 )		(29,233 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(54,015 )		(24,573 )

NET LIABILITIES			(54,015 )		(24,573 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(54,115 )		(24,673 )

SHAREHOLDERS' FUNDS			(54,015)		(24,573)

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Berkshire Balloons Limited

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs J Marketis

Director

03/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Berkshire Balloons Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14663785 . The registered office is 3 The Triangle, Tilehurst, Reading, RG30 4RN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% on Cost
Motor Vehicles	20% on Reducing Balance
Fixtures & Fittings	15% on Cost

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 4)

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Berkshire Balloons Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 March 2024	1,080

As at 28 February 2025	1,080

Amortisation
As at 1 March 2024	216
Provided during the period	216

As at 28 February 2025	432

Net Book Value
As at 28 February 2025	648

As at 1 March 2024	864

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 March 2024	900	1,620	2,190	4,710
Additions	-	-	66	66

As at 28 February 2025	900	1,620	2,256	4,776

Depreciation
As at 1 March 2024	180	405	329	914
Provided during the period	180	304	289	773

As at 28 February 2025	360	709	618	1,687

Net Book Value
As at 28 February 2025	540	911	1,638	3,089

As at 1 March 2024	720	1,215	1,861	3,796

6. Stocks

	28 February 2025	29 February 2024
	£	£
Stock	26,920	24,060

7. Debtors

	28 February 2025	29 February 2024
	£	£
Due within one year
Trade debtors	1,589	731
Other debtors	8,990	9,035

	10,579	9,766

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Berkshire Balloons Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

8. Creditors: Amounts Falling Due Within One Year

	28 February 2025	29 February 2024
	£	£
Trade creditors	4,867	4,654
Other creditors	81,604	49,433
Taxation and social security	10,244	9,851

	96,715	63,938

9. Share Capital

	28 February 2025	29 February 2024
	£	£
Allotted, Called up and fully paid	100	100

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