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REGISTERED NUMBER: 03505887 (England and Wales)















Financial Statements for the Year Ended 31 October 2023

for

Surveybase Limited

Surveybase Limited (Registered number: 03505887)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Surveybase Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: D Ascott
Mrs C L Ascott
J B King





REGISTERED OFFICE: The Island House
Midsomer Norton
Radstock
Somerset
BA3 2DZ





REGISTERED NUMBER: 03505887 (England and Wales)





ACCOUNTANTS: King Watkins Ltd
The Island House
Midsomer Norton
Radstock
Somerset
BA3 2DZ

Surveybase Limited (Registered number: 03505887)

Abridged Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 217,008 149,730

CURRENT ASSETS
Stocks 20,000 20,000
Debtors 286,197 270,420
Cash at bank and in hand 331,695 247,806
637,892 538,226
CREDITORS
Amounts falling due within one year 277,041 235,112
NET CURRENT ASSETS 360,851 303,114
TOTAL ASSETS LESS CURRENT LIABILITIES 577,859 452,844

CREDITORS
Amounts falling due after more than one year (42,126 ) (19,557 )

PROVISIONS FOR LIABILITIES (48,827 ) (28,448 )
NET ASSETS 486,906 404,839

CAPITAL AND RESERVES
Called up share capital 5,554 5,554
Retained earnings 481,352 399,285
486,906 404,839

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:



D Ascott - Director


Surveybase Limited (Registered number: 03505887)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Surveybase Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net sales of design services, excluding Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 33% on cost and 10% residual value, 6 yrs straight line

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

There is 1 director accruing benefits through the pension scheme.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 24 ) .

Surveybase Limited (Registered number: 03505887)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022 300,967
Additions 105,573
Disposals (89,255 )
At 31 October 2023 317,285
DEPRECIATION
At 1 November 2022 151,237
Charge for year 38,295
Eliminated on disposal (89,255 )
At 31 October 2023 100,277
NET BOOK VALUE
At 31 October 2023 217,008
At 31 October 2022 149,730

5. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.10.23 31.10.22
£    £   
Net obligations repayable:
Within one year 29,297 16,104
Between one and five years 42,126 19,557
71,423 35,661

6. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr & Mrs Ascott throughout the year, being directors and majority shareholders of the company.