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
Bassett & Co (Wantage) Limited
Company Information
for the year ended 31 May 2023
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
Bassett & Co (Wantage) Limited
Statement of financial position
as at 31 May 2023
Tangible assets
4,619
5,940
Cash at bank and in hand
12,009
12,391
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)
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
Bassett & Co (Wantage) Limited
Notes to the Accounts
for the year ended 31 May 2023
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.
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.
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
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
At 31 May 2023
7,916
23,735
434
32,085
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
At 31 May 2023
2,739
1,881
(1)
4,619
At 31 May 2022
3,433
2,508
(1)
5,940
Bassett & Co (Wantage) Limited
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
Accrued income and prepayments
52
48
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
(4,600)
1,130
Taxes and social security
532
1,011
Other creditors
4,828
6,414
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
40,164
40,164
8
Average number of employees
During the year the average number of employees was 11 (2022: 8).