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REGISTERED NUMBER: 09247740 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2021

for

Basis Distribution Ltd

Basis Distribution Ltd (Registered number: 09247740)






Contents of the Financial Statements
for the Year Ended 31 October 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Basis Distribution Ltd

Company Information
for the Year Ended 31 October 2021







DIRECTOR: S Whitehead





SECRETARY: A K Sharma





REGISTERED OFFICE: c/o Day & Co
Scottish Provident House
76-80 College Road
Harrow
Middlesex
HA1 1BQ





REGISTERED NUMBER: 09247740 (England and Wales)





ACCOUNTANTS: Day & Co
Scottish Provident House
76-80 College Road
Harrow
Middlesex
HA1 1BQ

Basis Distribution Ltd (Registered number: 09247740)

Balance Sheet
31 October 2021

31.10.21 31.10.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 730
Investments 5 15,543 15,543
15,543 16,273

CURRENT ASSETS
Debtors 6 28,215 23,763
Cash at bank 141,913 254,792
170,128 278,555
CREDITORS
Amounts falling due within one year 7 101,191 218,422
NET CURRENT ASSETS 68,937 60,133
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,480

76,406

CREDITORS
Amounts falling due after more than one
year

8

67,188

75,000
NET ASSETS 17,292 1,406

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 17,291 1,405
17,292 1,406

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 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.

Basis Distribution Ltd (Registered number: 09247740)

Balance Sheet - continued
31 October 2021


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 director and authorised for issue on 12 August 2022 and were signed by:





S Whitehead - Director


Basis Distribution Ltd (Registered number: 09247740)

Notes to the Financial Statements
for the Year Ended 31 October 2021

1. STATUTORY INFORMATION

Basis Distribution 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 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 33% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

Basis Distribution Ltd (Registered number: 09247740)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2021

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2020
and 31 October 2021 4,509
DEPRECIATION
At 1 November 2020 3,779
Charge for year 730
At 31 October 2021 4,509
NET BOOK VALUE
At 31 October 2021 -
At 31 October 2020 730

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2020
and 31 October 2021 15,543
NET BOOK VALUE
At 31 October 2021 15,543
At 31 October 2020 15,543

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.21 31.10.20
£    £   
Other debtors 28,215 23,763

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.21 31.10.20
£    £   
Trade creditors 57,919 185,078
Taxation and social security 11,185 6,862
Other creditors 32,087 26,482
101,191 218,422

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.21 31.10.20
£    £   
Bank loans 67,188 75,000

Basis Distribution Ltd (Registered number: 09247740)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2021

9. TRANSACTIONS WITH DIRECTORS

Dividends of £26,500 (2020=£38,746) were paid to Mr S Whitehead during the year.