G William Ballard Limited

(Registration number: 01015812)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Investments	4	40	40
Tangible assets	5	483,464	463,826
Current assets
Stocks	6	124,108	151,987
Debtors	7	34,052	17,570
Cash at bank and in hand		1	1
		158,161	169,558
Creditors: Amounts falling due within one year	8	(296,071)	(252,342)
Net current liabilities		(137,910)	(82,784)
Total assets less current liabilities		345,594	381,082
Creditors: Amounts falling due after more than one year	8	(85,348)	(165,049)
Provisions for liabilities		(70,866)	-
Net assets		189,380	216,033
Capital and reserves
Called up share capital		144	144
Share premium reserve		5,940	5,940
Profit and loss account		183,296	209,949
Total equity		189,380	216,033

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

G William Ballard Limited

(Registration number: 01015812)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 30 December 2025 and signed on its behalf by:
 

......................................... Mr G W Ballard Director

G William Ballard Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Orchard House
Stud Farm
Abberley
Worcestershire
WA6 6AT
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
 

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

G William Ballard Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives

Asset class	Depreciation method and rate
Fixed assets	Fixed assets stated at historical cost with a provision made for diminution in value

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

G William Ballard Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

4	Intangible assets

Investments	£
At 1 April 2024	40
At 31 March 2025	40

G William Ballard Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Other property, plant and equipment  £	Total £
Cost or valuation
At 1 April 2024	171,137	5,989	43,989	645,511	866,626
Additions	18,618	-	3,195	27,968	49,781
At 31 March 2025	189,755	5,989	47,184	673,479	916,407
Depreciation
At 1 April 2024	101,258	4,052	36,924	260,563	402,797
Charge for the year	3,540	291	1,539	24,776	30,146
At 31 March 2025	104,798	4,343	38,463	285,339	432,943
Carrying amount
At 31 March 2025	84,957	1,646	8,721	388,140	483,464
At 31 March 2024	69,878	1,937	7,064	384,947	463,826

Included within the net book value of land and buildings above is £84,956 (2024 - £69,879) in respect of freehold land and buildings.
 

6

Stocks

	2025 £	2024 £
Other inventories	124,108	151,987

7

Debtors

Current	2025 £	2024 £
Trade debtors	9,960	6,373
Prepayments	15,690	8,690
Other debtors	8,402	2,507
	34,052	17,570

G William Ballard Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts	9	236,158	101,533
Trade creditors		-	20,672
Amounts owed to related parties		51,053	117,367
Taxation and social security		5,000	5,000
Other creditors		3,860	7,770
		296,071	252,342

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	85,348	165,049

9	Loans and borrowings

	2025 £	2024 £
Non-current loans and borrowings
Bank borrowings	23,088	27,708
Hire purchase contracts	22,860	59,741
Other borrowings	39,400	77,600
	85,348	165,049

	2025 £	2024 £
Current loans and borrowings
Bank borrowings	5,616	13,409
Bank overdrafts	190,162	47,792
Hire purchase contracts	40,380	40,332
	236,158	101,533