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REGISTERED NUMBER: 12328233 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

GASBASE LIMITED

GASBASE LIMITED (REGISTERED NUMBER: 12328233)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GASBASE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr D E Jaques





REGISTERED OFFICE: 2 Worboys Road
WORCESTER
Word
WR2 4JJ





REGISTERED NUMBER: 12328233 (England and Wales)





ACCOUNTANTS: Rigel Wolf Ltd
Orion House
28A Spital Terrace
GAINSBOROUGH
Lincolnshire
DN21 2HQ

GASBASE LIMITED (REGISTERED NUMBER: 12328233)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,284 6,695

CURRENT ASSETS
Stocks 500 500
Debtors 5 1,705 502
Cash at bank 16,971 16,432
19,176 17,434
CREDITORS
Amounts falling due within one year 6 4,572 4,520
NET CURRENT ASSETS 14,604 12,914
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,888

19,609

PROVISIONS FOR LIABILITIES 7 705 907
NET ASSETS 19,183 18,702

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 19,182 18,701
SHAREHOLDERS' FUNDS 19,183 18,702

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 22 August 2024 and were signed by:



Mr D E Jaques - Director


GASBASE LIMITED (REGISTERED NUMBER: 12328233)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Gasbase Limited is a private company, limited by shares , registered in England and Wales. 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

GASBASE LIMITED (REGISTERED NUMBER: 12328233)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022
and 30 November 2023 3,500 800 9,333 379 14,012
DEPRECIATION
At 1 December 2022 1,359 319 5,419 220 7,317
Charge for year 321 72 978 40 1,411
At 30 November 2023 1,680 391 6,397 260 8,728
NET BOOK VALUE
At 30 November 2023 1,820 409 2,936 119 5,284
At 30 November 2022 2,141 481 3,914 159 6,695

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 450 502
VAT 312 -
Prepayments and accrued income 943 -
1,705 502

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Tax 2,681 2,756
Social security and other taxes 717 208
VAT - 395
Directors' current accounts 377 518
Accruals and deferred income 797 643
4,572 4,520

7. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 705 907

Deferred
tax
£   
Balance at 1 December 2022 907
Accelerated capital allowances (202 )
Balance at 30 November 2023 705

GASBASE LIMITED (REGISTERED NUMBER: 12328233)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1 Ordinary £1 1 1

9. RESERVES
Retained
earnings
£   

At 1 December 2022 18,701
Profit for the year 10,481
Dividends (10,000 )
At 30 November 2023 19,182

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year Mr D E Jaques - the sole director and shareholder - charged the company £520 (2022 - £312) for use of home as office.

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 (2022 - £20,500) were paid to the director .

At 30 November 2023 there was a balance owed by the company to Mr D E Jaques - the sole director and shareholder of £377 (2022 - £518). This balance has been shown in Creditors.