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REGISTERED NUMBER: 02644695















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Willowbase Limited

Willowbase Limited (Registered number: 02644695)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Willowbase Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: M G Edwards





SECRETARY: Ms J A Ledger





REGISTERED OFFICE: Units 9/10
Regents Business Centre
Pump Lane
Hayes
Middlesex
UB3 3NB





REGISTERED NUMBER: 02644695





ACCOUNTANTS: Tanna & Co
Chartered Accountants
Lynx House
Ferndown
Northwood
Middlesex
HA6 1PQ

Willowbase Limited (Registered number: 02644695)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,709 7,592

CURRENT ASSETS
Stocks 5,475 5,250
Debtors 5 188,806 185,339
Cash at bank 233,929 157,697
428,210 348,286
CREDITORS
Amounts falling due within one year 6 100,747 98,956
NET CURRENT ASSETS 327,463 249,330
TOTAL ASSETS LESS CURRENT
LIABILITIES

378,172

256,922

CREDITORS
Amounts falling due after more than one
year

7

27,298

-
NET ASSETS 350,874 256,922

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 349,874 255,922
SHAREHOLDERS' FUNDS 350,874 256,922

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Willowbase Limited (Registered number: 02644695)

Balance Sheet - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 20 March 2024 and were signed by:





M G Edwards - Director


Willowbase Limited (Registered number: 02644695)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Willowbase Limited is a private company, limited by shares , registered in Not specified/Other. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Willowbase Limited (Registered number: 02644695)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2022 63,542 32,046 95,588
Additions - 64,450 64,450
Disposals - (17,500 ) (17,500 )
At 30 September 2023 63,542 78,996 142,538
DEPRECIATION
At 1 October 2022 62,968 25,028 87,996
Charge for year 144 16,760 16,904
Eliminated on disposal - (13,071 ) (13,071 )
At 30 September 2023 63,112 28,717 91,829
NET BOOK VALUE
At 30 September 2023 430 50,279 50,709
At 30 September 2022 574 7,018 7,592

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
COST
Additions 43,500
At 30 September 2023 43,500
DEPRECIATION
Charge for year 10,875
At 30 September 2023 10,875
NET BOOK VALUE
At 30 September 2023 32,625

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 176,806 173,339
Other debtors 12,000 12,000
188,806 185,339

Willowbase Limited (Registered number: 02644695)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Finance leases 9,872 -
Trade creditors 22,502 41,539
Corporation tax 12,749 8,160
Social security and other taxes 45,298 37,343
Other creditors 786 2,860
Accrued expenses 9,540 9,054
100,747 98,956

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Finance leases 27,298 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
1,000 Ordinary Shares £1 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 October 2022 255,922
Profit for the year 97,952
Dividends (4,000 )
At 30 September 2023 349,874

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

30.09.213 30.09.22
£ £

Remuneration 38,800 30,000
Pension Contributions 7,800 7,800
----------- -----------
46,600 37,800

The pension contributions are to the Willowbase Limited Retirement Benefits Scheme whose assets are held separate from those of the company, in an independently administered fund.


The company has leased from the director, the premises at unit 9, Pump Lane, Hayes UB3 3NB, at an annual rental of £24,000