REGISTERED NUMBER: 02201337 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

Balloons Worldwide Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Gilbert

Mrs J Gilbert

REGISTERED OFFICE:

17a Warrington Road

Cuddington

Northwich

Cheshire

CW8 2LH

REGISTERED NUMBER:

02201337 (England and Wales)

ACCOUNTANTS:

Emmerson Accountancy Ltd

Atlantic Business Centre

Atlantic Street

Altrincham

Cheshire

WA14 5NQ

FIXED ASSETS

Tangible assets

4

851

1,134

CURRENT ASSETS

Stocks

16,450

23,016

Debtors

5

-

1,682

Cash at bank

3,213

7,798

19,663

32,496

CREDITORS

Amounts falling due within one year

6

4,878

17,597

NET CURRENT ASSETS

14,785

14,899

TOTAL ASSETS LESS CURRENT LIABILITIES

15,636

16,033

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

15,536

15,933

SHAREHOLDERS' FUNDS

15,636

16,033

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2025 and were signed on its behalf by:

M Gilbert - Director

Mrs J Gilbert - Director

1.	STATUTORY INFORMATION

Balloons Worldwide Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 June 2024

and 31 May 2025

1,097

22,352

21,940

884

46,273

DEPRECIATION

At 1 June 2024

1,097

22,352

21,110

580

45,139

Charge for year

-

-

207

76

283

At 31 May 2025

1,097

22,352

21,317

656

45,422

NET BOOK VALUE

At 31 May 2025

-

-

623

228

851

At 31 May 2024

-

-

830

304

1,134

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

-

1,430

Prepayments

-

252

-

1,682

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

-

6,554

Trade creditors

50

4,656

Tax

208

1,978

Social security and other taxes

(189

)

(172

)

VAT

-

1,603

Directors' current accounts

3,821

1,795

Accrued expenses

988

1,183

4,878

17,597

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.25

31.5.24

value:

£

£

100

Ordinary

1

100

100

8.

RESERVES

Retained

earnings

£

At 1 June 2024

15,933

Profit for the year

603

Dividends

(1,000

)

At 31 May 2025

15,536