IRIS Accounts Production v24.2.0.383 11700921 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh117009212022-11-30117009212023-11-30117009212022-12-012023-11-30117009212022-05-31117009212022-06-012022-11-30117009212022-11-3011700921ns15:EnglandWales2022-12-012023-11-3011700921ns14:PoundSterling2022-12-012023-11-3011700921ns10:Director12022-12-012023-11-3011700921ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3011700921ns10:SmallEntities2022-12-012023-11-3011700921ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3011700921ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3011700921ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3011700921ns10:AbridgedAccounts2022-12-012023-11-3011700921ns10:Director22022-12-012023-11-3011700921ns10:RegisteredOffice2022-12-012023-11-3011700921ns5:CurrentFinancialInstruments2023-11-3011700921ns5:CurrentFinancialInstruments2022-11-3011700921ns5:Non-currentFinancialInstruments2023-11-3011700921ns5:Non-currentFinancialInstruments2022-11-3011700921ns5:ShareCapital2023-11-3011700921ns5:ShareCapital2022-11-3011700921ns5:RetainedEarningsAccumulatedLosses2023-11-3011700921ns5:RetainedEarningsAccumulatedLosses2022-11-3011700921ns5:PlantMachinery2022-12-012023-11-3011700921ns5:WithinOneYear2023-11-3011700921ns5:WithinOneYear2022-11-3011700921ns5:BetweenOneFiveYears2023-11-3011700921ns5:BetweenOneFiveYears2022-11-3011700921ns5:AllPeriods2023-11-3011700921ns5:AllPeriods2022-11-3011700921ns5:Secured2023-11-3011700921ns5:Secured2022-11-30117009211ns10:Director12022-11-30117009211ns10:Director12022-05-31117009211ns10:Director12022-12-012023-11-30117009211ns10:Director12022-06-012022-11-30117009211ns10:Director12023-11-30117009211ns10:Director12022-11-3011700921ns10:Director222022-11-3011700921ns10:Director222022-05-3111700921ns10:Director222022-12-012023-11-3011700921ns10:Director222022-06-012022-11-3011700921ns10:Director222023-11-3011700921ns10:Director222022-11-30
REGISTERED NUMBER: 11700921 (England and Wales)















Circuitbase Ltd

Unaudited Financial Statements

for the Year Ended 30 November 2023






Circuitbase Ltd (Registered number: 11700921)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 5


Circuitbase Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: A M Tomas Mestre DaSilva
T J Tomas Mestre DaSilva



REGISTERED OFFICE: Unit K Cartwright Business Centre
Brue Avenue
Bridgwater
Somerset
TA6 5LT



REGISTERED NUMBER: 11700921 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Lloyds Bank Plc
PO Box 1000
BX1 1LT

Circuitbase Ltd (Registered number: 11700921)

Abridged Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 116,297 94,262

CURRENT ASSETS
Stocks 11,250 10,000
Debtors 26,868 65,095
Cash at bank 30,732 43,146
68,850 118,241
CREDITORS
Amounts falling due within one year 46,648 78,843
NET CURRENT ASSETS 22,202 39,398
TOTAL ASSETS LESS CURRENT
LIABILITIES

138,499

133,660

CREDITORS
Amounts falling due after more than one year 6 (48,523 ) (54,659 )

PROVISIONS FOR LIABILITIES (24,674 ) -
NET ASSETS 65,302 79,001

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 65,300 78,999
SHAREHOLDERS' FUNDS 65,302 79,001

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 directors acknowledge their 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.

Circuitbase Ltd (Registered number: 11700921)

Abridged Statement of Financial Position - continued
30 November 2023


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

Circuitbase Ltd (Registered number: 11700921)

Abridged Statement of Financial Position - continued
30 November 2023



The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





A M Tomas Mestre DaSilva - Director


Circuitbase Ltd (Registered number: 11700921)

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

1. STATUTORY INFORMATION

Circuitbase Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 etc - 33% on cost, 15% on reducing balance and 2% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Circuitbase Ltd (Registered number: 11700921)

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

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 106,153
Additions 25,700
At 30 November 2023 131,853
DEPRECIATION
At 1 December 2022 11,891
Charge for year 3,665
At 30 November 2023 15,556
NET BOOK VALUE
At 30 November 2023 116,297
At 30 November 2022 94,262

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30.11.23 30.11.22
£    £   
Repayable by instalments
Bank loans - 6,657

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.11.23 30.11.22
£    £   
Within one year 8,916 5,201
Between one and five years 4,458 -
13,374 5,201

Circuitbase Ltd (Registered number: 11700921)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 12,500 24,156

The bank loan is a government secured bounceback loan.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 November 2023 and the period ended 30 November 2022:

30.11.23 30.11.22
£    £   
A M Tomas Mestre DaSilva
Balance outstanding at start of year (3,668 ) (3,955 )
Amounts repaid (16,000 ) (4,326 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (992 ) (3,668 )

T J Tomas Mestre DaSilva
Balance outstanding at start of year (3,669 ) -
Amounts repaid (16,000 ) (15,420 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (992 ) (3,669 )