Bala Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 05837333 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2017

for

Bala Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P S Balakumar

SECRETARY:

Mrs V Balakumar

REGISTERED OFFICE:

14 Ravensbury Avenue

Morden

Surrey

SM4 6ET

REGISTERED NUMBER:

05837333 (England and Wales)

ACCOUNTANTS:

Bala Ltd

Chartered Certified Accountant

14 Ravensbury Avenue

Morden

Surrey

SM4 6ET

FIXED ASSETS

Intangible assets

3

(2,035

)

-

Tangible assets

4

1,663

1,663

(372

)

1,663

CURRENT ASSETS

Debtors

5

35,303

36,816

CREDITORS

Amounts falling due within one year

6

34,670

38,375

NET CURRENT ASSETS/(LIABILITIES)

633

(1,559

)

TOTAL ASSETS LESS CURRENT LIABILITIES

261

104

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

161

4

SHAREHOLDERS' FUNDS

261

104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 31 May 2018 and were signed by:

P S Balakumar - Director

1.	STATUTORY INFORMATION

Bala 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

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 etc

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2016

and 31 August 2017

20,350

AMORTISATION

At 1 September 2016

20,350

Charge for year

2,035

At 31 August 2017

22,385

NET BOOK VALUE

At 31 August 2017

(2,035

)

At 31 August 2016

-

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2016

and 31 August 2017

5,532

DEPRECIATION

At 1 September 2016

and 31 August 2017

3,869

NET BOOK VALUE

At 31 August 2017

1,663

At 31 August 2016

1,663

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade debtors

32,103

30,816

Other debtors

3,200

6,000

35,303

36,816

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Bank loans and overdrafts

1,805

1,486

Trade creditors

604

1,286

Taxation and social security

29,239

32,148

Other creditors

3,022

3,455

34,670

38,375