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REGISTERED NUMBER: 06584245 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Basset Audio Limited

Basset Audio Limited (by shares) (Registered number: 06584245)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2


Basset Audio Limited (by shares)

Company Information
for the Year Ended 31 May 2023







DIRECTORS: T P Gleave
P MacMillan





SECRETARY: J Gleave





REGISTERED OFFICE: Cherry Cottage
Penny Lane
Satley
Co. Durham
DL13 4BL





REGISTERED NUMBER: 06584245 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Wynyard Business Park
Wynyard Avenue
Billingham
Cleveland
TS22 5TB

Basset Audio Limited (by shares) (Registered number: 06584245)

Balance Sheet
31 May 2023

2023 2022
£    £   
FIXED ASSETS 39,268 53,892

CURRENT ASSETS 91,780 53,620

CREDITORS
Amounts falling due within one year (90,228 ) (77,260 )
NET CURRENT ASSETS/(LIABILITIES) 1,552 (23,640 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,820

30,252

CREDITORS
Amounts falling due after more than one year (20,000 ) (30,000 )
NET ASSETS 20,820 252

CAPITAL AND RESERVES 20,820 252

NOTES TO THE FINANCIAL STATEMENTS

1. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 3 (2022 - 3 ) .

2. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
P MacMillan
Balance outstanding at start of year 3,023 4,835
Amounts advanced 20,061 15,000
Amounts repaid (22,837 ) (16,812 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 247 3,023



Basset Audio Limited (by shares) (Registered number: 06584245)

Balance Sheet - continued
31 May 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by:




T P Gleave - Director



P MacMillan - Director