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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
Page
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The Bass Bin Limited Company Information for the year ended 31 October 2023
Director
Kalvinder Singh
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
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The Bass Bin Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
24,500 
24,500 
Tangible assets
1,780 
1,165 
26,280 
25,665 
Current assets
Inventories
3,070 
2,550 
Cash at bank and in hand
8,740 
9,051 
11,810 
11,601 
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)
Net assets
20,297 
16,884 
Capital and reserves
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
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The Bass Bin Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
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% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost
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.
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.
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The Bass Bin Limited Notes to the Accounts for the year ended 31 October 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2022
24,500 
At 31 October 2023
24,500 
Amortisation
At 1 November 2022
- 
At 31 October 2023
- 
Net book value
At 31 October 2023
24,500 
At 31 October 2022
24,500 
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2022
1,371 
Additions
1,028 
At 31 October 2023
2,399 
Depreciation
At 1 November 2022
206 
Charge for the year
413 
At 31 October 2023
619 
Net book value
At 31 October 2023
1,780 
At 31 October 2022
1,165 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,572 
2,109 
Trade creditors
5,577 
8,296 
Taxes and social security
5,806 
6,308 
Other creditors
37 
- 
Accruals
400 
2,850 
15,392 
19,563 
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).
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