Ballams Business Solutions Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04059932 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST OCTOBER 2021 TO 30TH NOVEMBER 2022

FOR

BALLAMS BUSINESS SOLUTIONS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M K Howes FCA FCCA

J P Knights

REGISTERED OFFICE:

Eldo House

Kempson way

Bury St.Edmunds

Suffolk

IP32 7AR

REGISTERED NUMBER:

04059932 (England and Wales)

ACCOUNTANTS:

Ballams

Chartered Accountants

Crane Court

302 London Road

Ipswich

Suffolk

IP2 0AJ

BANKERS:

National Westminster Bank Plc

2 Tavern Street

Ipswich

Suffolk

IP1 3BD

CURRENT ASSETS

Debtors

4

12,136

70,524

Cash at bank

133,520

64,540

145,656

135,064

CREDITORS

Amounts falling due within one year

5

30,257

35,168

NET CURRENT ASSETS

115,399

99,896

TOTAL ASSETS LESS CURRENT LIABILITIES

115,399

99,896

CREDITORS

Amounts falling due after more than one year

6

-

14,470

NET ASSETS

115,399

85,426

CAPITAL AND RESERVES

Called up share capital

224

224

Retained earnings

115,175

85,202

SHAREHOLDERS' FUNDS

115,399

85,426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th November 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th November 2022 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 10th February 2023 and were signed on its behalf by:

M K Howes FCA FCCA - Director

M J Mortimer ACA FCCA - Director

Mrs S L Fayers ACA - Director

1.	STATUTORY INFORMATION

Ballams Business Solutions Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2021 - 3 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

12,136

35,189

Other debtors

-

35,335

12,136

70,524

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

-

3,635

Trade creditors

323

323

Taxation and social security

29,934

31,210

30,257

35,168

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

-

14,470

7.	OTHER FINANCIAL COMMITMENTS

At 30 November 2022 the company had total future minimum lease payments under non-cancellable operating leases of £4,227 (2021 - £8,172).