REGISTERED NUMBER: 03900306 (England and Wales)

Balecom Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P A Brown

E A Smith

REGISTERED OFFICE:

Unit 5 Crown Industrial Estate

Crown Road

Warmley

Bristol

Avon

BS30 8JJ

REGISTERED NUMBER:

03900306 (England and Wales)

ACCOUNTANTS:

Moffat Gilbert

Unit 12

Shottery Brook Office Park

Timothy's Bridge Road

Stratford upon Avon

Warwickshire

CV37 9NR

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,153

1,357

1,153

1,357

CURRENT ASSETS

Stocks

13,164

7,897

Debtors

6

11,599

6,103

Cash at bank

144,736

150,325

169,499

164,325

CREDITORS

Amounts falling due within one year

7

19,532

16,300

NET CURRENT ASSETS

149,967

148,025

TOTAL ASSETS LESS CURRENT LIABILITIES

151,120

149,382

PROVISIONS FOR LIABILITIES

219

258

NET ASSETS

150,901

149,124

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

150,801

149,024

SHAREHOLDERS' FUNDS

150,901

149,124

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

P A Brown - Director

E A Smith - Director

1.	STATUTORY INFORMATION

Balecom 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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, was amortised evenly over its estimated useful life of eight years.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Computer equipment

-

15% 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 Statement of Income and Retained Earnings, 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.

Foreign currencies

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 result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

3,200

AMORTISATION

At 1 April 2024

and 31 March 2025

3,200

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

8,979

DEPRECIATION

At 1 April 2024

7,622

Charge for year

204

At 31 March 2025

7,826

NET BOOK VALUE

At 31 March 2025

1,153

At 31 March 2024

1,357

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

11,536

4,853

Other debtors

63

1,250

11,599

6,103

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

2,490

477

Taxation and social security

5,371

5,728

Other creditors

11,671

10,095

19,532

16,300

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

9.	RELATED PARTY DISCLOSURES

During the year Waste Handling Solutions Limited provided Balecom Limited with goods and services to the value of £3,505. The two directors P A Brown and E A Smith also have an interest in Waste Handling Solutions Limited. The balance owed at the year end by the company to Waste Handling Solutions Limited was £7,115.

During the year the company purchased goods from Bag and Bale Limited to the value of £2,128 and supplied services to that business to the value of £796. The director P A Brown has an interest in Bag and Bale Limited. The amount owed at the year end by the company to Bag and Bale Limited was £590.

The company paid rent of £12,000 in the year to the Waste Handling Solutions Limited pension fund.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is the director, P A Brown.