Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 11470688 Mr C Kola Ms L Pryce Mr Calum Kola and Ms lauren Pryce true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11470688 2022-07-31 11470688 2023-07-31 11470688 2022-08-01 2023-07-31 11470688 frs-core:CurrentFinancialInstruments 2023-07-31 11470688 frs-core:Non-currentFinancialInstruments 2023-07-31 11470688 frs-core:BetweenOneFiveYears 2023-07-31 11470688 frs-core:FurnitureFittings 2023-07-31 11470688 frs-core:FurnitureFittings 2022-08-01 2023-07-31 11470688 frs-core:FurnitureFittings 2022-07-31 11470688 frs-core:MotorVehicles 2023-07-31 11470688 frs-core:MotorVehicles 2022-08-01 2023-07-31 11470688 frs-core:MotorVehicles 2022-07-31 11470688 frs-core:WithinOneYear 2023-07-31 11470688 frs-core:ShareCapital 2023-07-31 11470688 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 11470688 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 11470688 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 11470688 frs-bus:SmallEntities 2022-08-01 2023-07-31 11470688 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 11470688 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 11470688 1 2022-08-01 2023-07-31 11470688 frs-bus:Director1 2022-08-01 2023-07-31 11470688 frs-bus:Director2 2022-08-01 2023-07-31 11470688 frs-countries:EnglandWales 2022-08-01 2023-07-31 11470688 2021-07-31 11470688 2022-07-31 11470688 2021-08-01 2022-07-31 11470688 frs-core:CurrentFinancialInstruments 2022-07-31 11470688 frs-core:Non-currentFinancialInstruments 2022-07-31 11470688 frs-core:BetweenOneFiveYears 2022-07-31 11470688 frs-core:WithinOneYear 2022-07-31 11470688 frs-core:ShareCapital 2022-07-31 11470688 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 11470688
BASELINE BUILD AND RENOVATE LTD
Unaudited Financial Statements
For The Year Ended 31 July 2023
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 11470688
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 60,608 75,759
60,608 75,759
CURRENT ASSETS
Debtors 5 41,012 8,988
Cash at bank and in hand 388,967 196,535
429,979 205,523
Creditors: Amounts Falling Due Within One Year 6 (191,489 ) (78,543 )
NET CURRENT ASSETS (LIABILITIES) 238,490 126,980
TOTAL ASSETS LESS CURRENT LIABILITIES 299,098 202,739
Creditors: Amounts Falling Due After More Than One Year 7 (18,842 ) (23,982 )
NET ASSETS 280,256 178,757
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 280,156 178,657
SHAREHOLDERS' FUNDS 280,256 178,757
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For the year ending 31 July 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr C Kola
Director
Ms L Pryce
Director
04/03/2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
BASELINE BUILD AND RENOVATE LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11470688 . The registered office is 35a Astbury Road, London, SE15 2NL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling , which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% p.a. reducing balance
Fixtures & Fittings 20% p.a. reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
...CONTINUED
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2.5. Financial Instruments - continued
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


Equity Instrument
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 7 6
7 6
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2022 126,292 7,675 133,967
As at 31 July 2023 126,292 7,675 133,967
Depreciation
As at 1 August 2022 54,240 3,968 58,208
Provided during the period 14,410 741 15,151
As at 31 July 2023 68,650 4,709 73,359
Net Book Value
As at 31 July 2023 57,642 2,966 60,608
As at 1 August 2022 72,052 3,707 75,759
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 38,716 5,796
Other debtors 2,296 3,192
41,012 8,988
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 7,700 7,700
Trade creditors 52,833 20,137
Other creditors 42,374 11,537
Taxation and social security 88,582 39,169
191,489 78,543
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 18,842 23,982
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,700 7,700
Later than one year and not later than five years 18,842 23,982
26,542 31,682
26,542 31,682
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9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2023 2022
£ £
Mr C Kola 10,000 10,000
Ms L Pryce 10,000 10,000
11. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid 20,000 20,000
12. Related Party Transactions
At the balance sheet date, Mr Calum Kola, a director of the company, was owed £7,923 (2022 : £341) by Baseline Build and Renovate Ltd.
At the balance sheet date, Ms Lauren Pryce, a director of the company, was owed £7,923 (2022 : £342) by Baseline Build and Renovate Ltd.
13. Ultimate Controlling Party
The company's ultimate controlling party is Mr Calum Kola and Ms lauren Pryce by virtue of their ownership of 100% of the issued share capital in the company.
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