BALLOU PR LIMITED

BALLOU PR LIMITED

BALLOU PR LIMITED - Company Information

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BALLOU PR LIMITED

Company Registration Number:
07024126 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2020

Period of accounts

Start date: 01 January 2020

End date: 31 December 2020

BALLOU PR LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2020

Balance sheet
Notes

BALLOU PR LIMITED

Balance sheet

As at 31 December 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 9,700 13,701
Total fixed assets: 9,700 13,701
Current assets
Debtors:   289,901 373,550
Cash at bank and in hand: 717,276 410,834
Total current assets: 1,007,177 784,384
Creditors: amounts falling due within one year:   (459,543) (306,542)
Net current assets (liabilities): 547,634 477,842
Total assets less current liabilities: 557,334 491,543
Total net assets (liabilities): 557,334 491,543
Capital and reserves
Called up share capital: 5,000 5,000
Profit and loss account: 552,334 486,543
Shareholders funds: 557,334 491,543

The notes form part of these financial statements

BALLOU PR LIMITED

Balance sheet statements

For the year ending 31 December 2020 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 08 April 2021
and signed on behalf of the board by:

Name: C Griffiths
Status: Director

The notes form part of these financial statements

BALLOU PR LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business , and is shown net of VAT and other sales related taxes . The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of thegoods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.Revenue from contracts for the provision of professional services is recognised by reference to the stageof completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net ofdepreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values overtheir useful lives on the following bases:Fixtures and fittings 33.3% straight line basisComputers 33.3% straight line basisThe gain or loss arising on the disposal of an asset is determined as the difference between the saleproceeds and the carrying value of the asset, and is credited or charged to profit or loss .

Other accounting policies

Foreign exchange:Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

BALLOU PR LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

2. Employees

2020 2019
Average number of employees during the period 21 17

BALLOU PR LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

3. Tangible Assets

Total
Cost £
At 01 January 2020 36,659
Additions 4,183
At 31 December 2020 40,842
Depreciation
At 01 January 2020 22,958
Charge for year 8,184
At 31 December 2020 31,142
Net book value
At 31 December 2020 9,700
At 31 December 2019 13,701

BALLOU PR LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

4. Related party transactions

Name of the related party:
Relationship:
Common control
Description of the Transaction: Entities with control, joint control or significantinfluence over the companySales of services: 2020 - £167,757 (2019 - £196,630)Management charges: 2020 - £234,265 (2019 -£226,282
£
Balance at 01 January 2020 117,139
Balance at 31 December 2020 55,052