Registered number
08389124
Base Construction and Maintenance Limited
Filleted Accounts
28 February 2022
Base Construction and Maintenance Limited
Registered number: 08389124
Balance Sheet
as at 28 February 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 2,579 6,984
Current assets
Stocks 21,897 263
Debtors 4 73,133 44,841
Cash at bank and in hand 3,238 3,598
98,268 48,702
Creditors: amounts falling due within one year 5 (19,353) (9,695)
Net current assets 78,915 39,007
Total assets less current liabilities 81,494 45,991
Creditors: amounts falling due after more than one year 6 (42,928) (50,000)
Net assets/(liabilities) 38,566 (4,009)
Capital and reserves
Called up share capital 99 99
Profit and loss account 38,467 (4,108)
Shareholders' funds 38,566 (4,009)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr G Atkinson
Director
Approved by the board on 26 August 2022
Base Construction and Maintenance Limited
Notes to the Accounts
for the year ended 28 February 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2021 3,560 20,162 23,722
Additions 1,392 - 1,392
At 28 February 2022 4,952 20,162 25,114
Depreciation
At 1 March 2021 3,203 13,535 16,738
Charge for the year 757 5,040 5,797
At 28 February 2022 3,960 18,575 22,535
Net book value
At 28 February 2022 992 1,587 2,579
At 28 February 2021 357 6,627 6,984
4 Debtors 2022 2021
£ £
Other debtors 73,133 44,841
5 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 6,250 -
Trade creditors 515 -
Taxation and social security costs 11,435 8,542
Other creditors 1,153 1,153
19,353 9,695
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 42,928 50,000
7 Other information
Base Construction and Maintenance Limited is a private company limited by shares and incorporated in England. Its registered office is:
148 Chorley Lane
Charnock Richard
Chorley
Lancashire
PR7 5HB
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