Balkuling Limited - Filleted accounts

Registered number

14785155

Balkuling Limited

Filleted Accounts

31 March 2025

Balkuling Limited
Registered number:		14785155
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		10,564			3,879

Current assets
Debtors	4	9,401			69,407
Cash at bank and in hand		7,641			122,384
		17,042			191,791

Creditors: amounts falling due within one year	5	(11,579)			(78,966)

Net current assets			5,463			112,825

Total assets less current liabilities			16,027			116,704

Creditors: amounts falling due after more than one year	6		(1,028)			-

Provisions for liabilities			(2,641)			-


Net assets			12,358			116,704

Capital and reserves
Called up share capital			1			-
Profit and loss account			12,357			116,704

Shareholder's funds			12,358			116,704

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.




Matthew Holness
Director
Approved by the board on 20 June 2025

Balkuling Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared 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), and with the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

	Balkuling Limited is a private company limited by shares and incorporated in England. Its registered office is:

	69 Loughborough Road
	West Bridgford
	Nottingham

	NG2 7LA

	The financial statements are prepared in Sterling (£) which is the functional currency of the company.

	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 rendering of services and is recognised by reference to the stage of completion of the contract.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Equipment			25% reducing balance

	Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs. The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable. The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within the profit and loss account.

	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.

	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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		2


3	Tangible fixed assets
								Equipment
£
	Cost
	At 1 April 2024							5,172
	Additions							10,325
	Disposals							(158)
	At 31 March 2025							15,339

	Depreciation
	At 1 April 2024							1,293
	Charge for the year							3,522
	On disposals							(40)
	At 31 March 2025							4,775

	Net book value
	At 31 March 2025							10,564
	At 31 March 2024							3,879


4	Debtors					2025		2024
£							£

	Other debtors					9,401		69,407


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					-		84
	Taxation and social security costs					7,320		73,693
	Other creditors					4,259		5,189
						11,579		78,966


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					1,028		-


7	Loans					2025		2024
£							£
	Creditors include:

	Secured bank loans					1,028		-

	The loan is secured upon the asset to which they relate.


8	Pension commitments

	The company operates a defined contribution pension scheme, for the director. The assets of the scheme are held seperately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £nil were due to the fund.


9	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Matthew Holness
	Loan	45,201				(45,201)		-

		45,201		-		(45,201)		-

	During the previous year amounts were advanced to the director totalling £45,201. Interest at the official rate of interest has been charged and the loan was repaid within 9 months of the year end.


10	Controlling party

	The company is controlled by the director by virtue of his majority shareholding.