Company Registration No. SC682693 (Scotland)
Highland Basecamp Limited
Unaudited accounts
for the year ended 31 December 2023
Highland Basecamp Limited
Unaudited accounts
Contents
Highland Basecamp Limited
Company Information
for the year ended 31 December 2023
Directors
David Ben Lowry
Fraser Hugh Cameron
Fee Zanke
Company Number
SC682693 (Scotland)
Registered Office
Highland Basecamp Limited
Lochaline
Morvern
Oban
PA80 5XT
Scotland
Accountants
The Highland Bookkeeper
2 Achnaha View
Lochaline
Morvern
Argyll
PA80 5AB
Highland Basecamp Limited
Statement of financial position
as at 31 December 2023
Called up share capital not paid
(30)
(30)
Tangible assets
9,900
42,562
Cash at bank and in hand
7,098
8,872
Creditors: amounts falling due within one year
(29,642)
(82,389)
Net current liabilities
(22,544)
(72,980)
Total assets less current liabilities
(12,674)
(30,448)
Provisions for liabilities
Net liabilities
(13,718)
(31,378)
Called up share capital
(30)
(30)
Profit and loss account
(13,688)
(31,348)
Shareholders' funds
(13,718)
(31,378)
For the year ending 31 December 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 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 of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by
David Ben Lowry
Director
Company Registration No. SC682693
Highland Basecamp Limited
Notes to the Accounts
for the year ended 31 December 2023
Highland Basecamp Limited is a private company, limited by shares, registered in Scotland, registration number SC682693. The registered office is Highland Basecamp Limited, Lochaline, Morvern, Oban, PA80 5XT, Scotland.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Highland Basecamp Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
65,586
1,261
3,273
70,120
Additions
1,814
333
-
2,147
Disposals
(31,365)
-
-
(31,365)
At 31 December 2023
36,035
1,594
3,273
40,902
At 1 January 2023
24,940
738
1,880
27,558
Charge for the year
8,117
436
1,164
9,717
On disposals
(6,273)
-
-
(6,273)
At 31 December 2023
26,784
1,174
3,044
31,002
At 31 December 2023
9,251
420
229
9,900
At 31 December 2022
40,646
523
1,393
42,562
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
109
-
Other creditors
1,101
13,965
Loans from directors
25,006
66,003
7
Transactions with related parties
Creditors include the following amounts which are owed to individuals who were directors of the company during the year:
Mr David Ben Lowry £10,540.02
Mr Fraser Hugh Cameron £7,131.79
Ms Fee Zanke £7,334.00
The directors current accounts are repayable on demand.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).