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Company Registration No. 04444697 (England and Wales)
BASELINE CONTROL SYSTEMS LIMITED Unaudited accounts for the year ended 31 July 2023
BASELINE CONTROL SYSTEMS LIMITED Unaudited accounts Contents
Page
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BASELINE CONTROL SYSTEMS LIMITED Company Information for the year ended 31 July 2023
Director
ALLAN, Robert
Secretary
ALLAN, Robert
Company Number
04444697 (England and Wales)
Registered Office
169 Heythorp Drive Middlesbrough TS5 8QJ United Kingdom
Accountants
Bergen Associates (Chartered Certified Accountants) c/o Andrew W Hunt & Co 13 Lowthian Terrace Washington Tyne and Wear NE38 7BA
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of BASELINE CONTROL SYSTEMS LIMITED for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of BASELINE CONTROL SYSTEMS LIMITED for the year ended 31 July 2023 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of BASELINE CONTROL SYSTEMS LIMITED, as a body, in accordance with the terms of our engagement letter dated 1 April 2017. Our work has been undertaken solely to prepare for your approval the accounts of BASELINE CONTROL SYSTEMS LIMITED and state those matters that we have agreed to state to the Board of Directors of BASELINE CONTROL SYSTEMS LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BASELINE CONTROL SYSTEMS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that BASELINE CONTROL SYSTEMS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of BASELINE CONTROL SYSTEMS LIMITED. You consider that BASELINE CONTROL SYSTEMS LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of BASELINE CONTROL SYSTEMS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Bergen Associates (Chartered Certified Accountants) Chartered Certified Accountants c/o Andrew W Hunt & Co 13 Lowthian Terrace Washington Tyne and Wear NE38 7BA 1 July 2020
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BASELINE CONTROL SYSTEMS LIMITED Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,781 
2,381 
Current assets
Debtors
22,580 
- 
Cash at bank and in hand
26,761 
15,745 
49,341 
15,745 
Creditors: amounts falling due within one year
(23,934)
(7,045)
Net current assets
25,407 
8,700 
Total assets less current liabilities
27,188 
11,081 
Provisions for liabilities
Deferred tax
(338)
(452)
Net assets
26,850 
10,629 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
26,840 
10,619 
Shareholders' funds
26,850 
10,629 
For the year ending 31 July 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 December 2023 and were signed on its behalf by
ALLAN, Robert Director Company Registration No. 04444697
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BASELINE CONTROL SYSTEMS LIMITED Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
BASELINE CONTROL SYSTEMS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04444697. The registered office is 169 Heythorp Drive, Middlesbrough, TS5 8QJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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BASELINE CONTROL SYSTEMS LIMITED Notes to the Accounts for the year ended 31 July 2023
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2022
15,606 
At 31 July 2023
15,606 
Depreciation
At 1 August 2022
13,225 
Charge for the year
600 
At 31 July 2023
13,825 
Net book value
At 31 July 2023
1,781 
At 31 July 2022
2,381 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
22,580 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
20,904 
4,783 
Loans from directors
2,230 
1,537 
Accruals
800 
725 
23,934 
7,045 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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