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Company Registration No. 10205819 (England and Wales)
Bassett & Co (Wantage) Limited Unaudited accounts for the year ended 31 May 2023
Bassett & Co (Wantage) Limited Unaudited accounts Contents
Page
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Bassett & Co (Wantage) Limited Company Information for the year ended 31 May 2023
Director
Nick Bassett
Company Number
10205819 (England and Wales)
Registered Office
1 HIGHCLERE GARDENS WANTAGE OX12 9YB UNITED KINGDOM
Accountants
Fairmile Accounting Ltd Boston House Downsview Road Wantage OX12 9FF
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Bassett & Co (Wantage) Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,619 
5,940 
Current assets
Debtors
6,052 
6,048 
Cash at bank and in hand
12,009 
12,391 
18,061 
18,439 
Creditors: amounts falling due within one year
(21,064)
(12,358)
Net current (liabilities)/assets
(3,003)
6,081 
Total assets less current liabilities
1,616 
12,021 
Creditors: amounts falling due after more than one year
(44,784)
(46,529)
Net liabilities
(43,168)
(34,508)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(43,170)
(34,510)
Shareholders' funds
(43,168)
(34,508)
For the year ending 31 May 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 12 March 2024 and were signed on its behalf by
Nick Bassett Director Company Registration No. 10205819
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Bassett & Co (Wantage) Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Bassett & Co (Wantage) Limited is a private company, limited by shares, registered in England and Wales, registration number 10205819. The registered office is 1 HIGHCLERE GARDENS, WANTAGE, OX12 9YB, 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
20% straight line
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2022
7,566 
23,735 
434 
31,735 
Additions
350 
- 
- 
350 
At 31 May 2023
7,916 
23,735 
434 
32,085 
Depreciation
At 1 June 2022
4,133 
21,227 
435 
25,795 
Charge for the year
1,044 
627 
- 
1,671 
At 31 May 2023
5,177 
21,854 
435 
27,466 
Net book value
At 31 May 2023
2,739 
1,881 
(1)
4,619 
At 31 May 2022
3,433 
2,508 
(1)
5,940 
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Bassett & Co (Wantage) Limited Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
52 
48 
Other debtors
6,000 
6,000 
6,052 
6,048 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
13,827 
2,550 
Trade creditors
(4,600)
1,130 
Taxes and social security
532 
1,011 
Other creditors
4,828 
6,414 
Accruals
6,477 
1,253 
21,064 
12,358 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
4,620 
6,365 
Other creditors
40,164 
40,164 
44,784 
46,529 
8
Average number of employees
During the year the average number of employees was 11 (2022: 8).
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