OFFICE BASE LIMITED

Company Registration Number:
02218322 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

OFFICE BASE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

OFFICE BASE LIMITED

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 418,876 629,668
Tangible assets: 4 31,498 33,043
Investments: 5 161,195 161,195
Total fixed assets: 611,569 823,906
Current assets
Stocks: 100,936 77,264
Debtors:   1,058,986 1,052,019
Cash at bank and in hand: 90,489 128,566
Total current assets: 1,250,411 1,257,849
Creditors: amounts falling due within one year: 6 (1,363,155) (1,454,419)
Net current assets (liabilities): (112,744) (196,570)
Total assets less current liabilities: 498,825 627,336
Creditors: amounts falling due after more than one year: 7 (322,506) (472,506)
Provision for liabilities: (1,490) (797)
Total net assets (liabilities): 174,829 154,033
Capital and reserves
Called up share capital: 125,002 125,002
Profit and loss account: 49,827 29,031
Shareholders funds: 174,829 154,033

The notes form part of these financial statements

OFFICE BASE LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 November 2023
and signed on behalf of the board by:

Name: D V James
Status: Director

The notes form part of these financial statements

OFFICE BASE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Property Improvements - Over 3 yearsPlant and machinery - 25% reducing balance

OFFICE BASE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 22 24

OFFICE BASE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Intangible Assets

Total
Cost £
At 01 April 2022 2,107,908
At 31 March 2023 2,107,908
Amortisation
At 01 April 2022 1,478,240
Charge for year 210,792
At 31 March 2023 1,689,032
Net book value
At 31 March 2023 418,876
At 31 March 2022 629,668

OFFICE BASE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible Assets

Total
Cost £
At 01 April 2022 747,465
Additions 7,084
At 31 March 2023 754,549
Depreciation
At 01 April 2022 714,422
Charge for year 8,629
At 31 March 2023 723,051
Net book value
At 31 March 2023 31,498
At 31 March 2022 33,043

OFFICE BASE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Fixed investments

Shares in group undertakings and participating interests £161,195 (2022: £161,195).

OFFICE BASE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Creditors: amounts falling due within one year note

Bank loans and overdrafts £149,994 (2022: £149,994)Trade creditors £664,346 (2022: £710,021)Taxation and social security £95,481 (2022: £70,846)Other creditors £453,334 (2022: £523,558)

OFFICE BASE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

7. Creditors: amounts falling due after more than one year note

Bank loans and overdrafts £322,506 (2022: £472,506)

OFFICE BASE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

8. Related party transactions

Name of the related party: Quillrange Ltd
Relationship:
Common control
Description of the Transaction: Loan with no interest or fixed repayment date.
£
Balance at 01 April 2022 77,546
Balance at 31 March 2023 77,466
Name of the related party: Polystat Ltd
Relationship:
Wholly owned subsidiary
Description of the Transaction: Loan with no interest or fixed repayment date.
£
Balance at 01 April 2022 3,718
Balance at 31 March 2023 3,718

The ultimate controlling party is Office Base Holdings Limited, a company registered in England and Wales.