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Registered number: 01061319
G.L.Ball Components Limited
Unaudited Financial Statements
For the Period 1 January 2025 to 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01061319
31 March 2026 31 December 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 455,363 218,486
455,363 218,486
CURRENT ASSETS
Stocks 5 4,895 4,895
Debtors 6 41,448 39,794
Cash at bank and in hand 149,347 98,823
195,690 143,512
Creditors: Amounts Falling Due Within One Year 7 (119,683 ) (69,209 )
NET CURRENT ASSETS (LIABILITIES) 76,007 74,303
TOTAL ASSETS LESS CURRENT LIABILITIES 531,370 292,789
PROVISIONS FOR LIABILITIES
Deferred Taxation (55,263 ) (55,263 )
NET ASSETS 476,107 237,526
CAPITAL AND RESERVES
Called up share capital 8 5,000 5,000
Share premium account 168 168
Profit and Loss Account 470,939 232,358
SHAREHOLDERS' FUNDS 476,107 237,526
Page 1
Page 2
For the period ending 31 March 2026 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
Mr J Francis
Director
14/08/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
G.L.Ball Components Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01061319 . The registered office is Lancaster Road, Bowerhill Trading Estate, Melksham, Wiltshire, SN12 6SS.
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. 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:
Freehold 0
Plant & Machinery 15% RB
Motor Vehicles 25% RB
Computer Equipment 15% RB
2.4. 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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the period was: 6 (2024: 6)
6 6
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 January 2025 47,089 1,170,071 34,166 12,575 1,263,901
Additions - 73,545 - 1,192 74,737
Revaluation 205,000 - - - 205,000
As at 31 March 2026 252,089 1,243,616 34,166 13,767 1,543,638
Depreciation
As at 1 January 2025 37,300 969,430 30,722 7,963 1,045,415
Provided during the period - 41,128 861 871 42,860
As at 31 March 2026 37,300 1,010,558 31,583 8,834 1,088,275
Net Book Value
As at 31 March 2026 214,789 233,058 2,583 4,933 455,363
As at 1 January 2025 9,789 200,641 3,444 4,612 218,486
5. Stocks
31 March 2026 31 December 2024
£ £
Materials 4,895 4,895
6. Debtors
31 March 2026 31 December 2024
£ £
Due within one year
Trade debtors 40,730 38,597
Other debtors 718 1,197
41,448 39,794
7. Creditors: Amounts Falling Due Within One Year
31 March 2026 31 December 2024
£ £
Trade creditors 79,963 10,733
Other creditors 3,351 10,486
Taxation and social security 36,369 47,990
119,683 69,209
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8. Share Capital
31 March 2026 31 December 2024
£ £
Allotted, Called up and fully paid 5,000 5,000
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