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REGISTERED NUMBER: 07038863 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Supplybase Solutions Ltd

Supplybase Solutions Ltd (Registered number: 07038863)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Supplybase Solutions Ltd

Company Information
for the Year Ended 31 March 2022







DIRECTOR: N G Barrett





REGISTERED OFFICE: 57 Heaton Street
Gainsborough
Lincolnshire
DN21 2EF





REGISTERED NUMBER: 07038863 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
Unit 1, Sandars Road
Heapham Rd Ind Estate
Gainsborough
Lincolnshire
DN21 1RZ

Supplybase Solutions Ltd (Registered number: 07038863)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 94,999 98,459
94,999 98,459

CURRENT ASSETS
Stocks 138,180 114,730
Debtors 6 50,089 53,464
Cash at bank 236,730 182,663
424,999 350,857
CREDITORS
Amounts falling due within one year 7 164,066 135,964
NET CURRENT ASSETS 260,933 214,893
TOTAL ASSETS LESS CURRENT
LIABILITIES

355,932

313,352

PROVISIONS FOR LIABILITIES 650 696
NET ASSETS 355,282 312,656

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 355,182 312,556
SHAREHOLDERS' FUNDS 355,282 312,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

Supplybase Solutions Ltd (Registered number: 07038863)

Balance Sheet - continued
31 March 2022


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 14 August 2022 and were signed by:





N G Barrett - Director


Supplybase Solutions Ltd (Registered number: 07038863)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Supplybase Solutions 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, 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.
Freehold property - 4% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

Supplybase Solutions Ltd (Registered number: 07038863)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 18,000
AMORTISATION
At 1 April 2021
and 31 March 2022 18,000
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2021 112,762 6,051 3,360 3,909 126,082
Additions - - - 362 362
At 31 March 2022 112,762 6,051 3,360 4,271 126,444
DEPRECIATION
At 1 April 2021 17,968 3,597 2,666 3,392 27,623
Charge for year 2,910 367 104 441 3,822
At 31 March 2022 20,878 3,964 2,770 3,833 31,445
NET BOOK VALUE
At 31 March 2022 91,884 2,087 590 438 94,999
At 31 March 2021 94,794 2,454 694 517 98,459

Included in cost of land and buildings is freehold land of £ 40,000 (2021 - £ 40,000 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 49,639 53,464
Prepayments 450 -
50,089 53,464

Supplybase Solutions Ltd (Registered number: 07038863)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade creditors 16,800 6,052
Tax 10,774 15,281
VAT 7,146 2,968
Directors' current accounts 128,271 110,588
Accrued expenses 1,075 1,075
164,066 135,964

8. ULTIMATE CONTROLLING PARTY

The controlling party is N G Barrett.

The company is controlled by the director. The amount owing to the director at the balance sheet date is £128,271, (2021, £110,588).