Company Registration No. 13650198 (England and Wales)
The Bass Bin Limited
Unaudited accounts
for the year ended 31 October 2023
The Bass Bin Limited
Unaudited accounts
Contents
The Bass Bin Limited
Company Information
for the year ended 31 October 2023
Company Number
13650198 (England and Wales)
Registered Office
11 LADY BYRON LANE
KNOWLE
WEST MIDLANDS
B93 9AT
UNITED KINGDOM
Accountants
Parmjit & Co Ltd
10 Cranbrook Road
Handsworth
Birmingham
B21 8PJ
The Bass Bin Limited
Statement of financial position
as at 31 October 2023
Intangible assets
24,500
24,500
Tangible assets
1,780
1,165
Cash at bank and in hand
8,740
9,051
Creditors: amounts falling due within one year
(15,392)
(19,563)
Net current liabilities
(3,582)
(7,962)
Total assets less current liabilities
22,698
17,703
Creditors: amounts falling due after more than one year
(2,401)
(819)
Called up share capital
100
100
Profit and loss account
20,197
16,784
Shareholders' funds
20,297
16,884
For the year ending 31 October 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 11 February 2024 and were signed on its behalf by
Kalvinder Singh
Director
Company Registration No. 13650198
The Bass Bin Limited
Notes to the Accounts
for the year ended 31 October 2023
The Bass Bin Limited is a private company, limited by shares, registered in England and Wales, registration number 13650198. The registered office is 11 LADY BYRON LANE, KNOWLE, WEST MIDLANDS, B93 9AT, 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.
These financial statements for the year ended 31 October 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost
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.
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.
The Bass Bin Limited
Notes to the Accounts
for the year ended 31 October 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Fixtures & fittings
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
5,577
8,296
Taxes and social security
5,806
6,308
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
2,401
819
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).