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Registered number: 11816323
Base Camp Lowestoft Ltd
Director's Report and
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Company Information 1
Director's Report 2
Accountant's Report 3
Income Statement 4
Statement of Financial Position 5—6
Statement of Changes in Equity 7
Notes to the Financial Statements 8—10
Page 1
Company Information
Director Mr Leon Bernasconi
Company Number 11816323
Registered Office 1 Flixton View
Oulton
Lowestoft
NR32 3GZ
Accountants Clarke Accountancy Ltd
Dashwood House
1 Tyrells Road
Great Yarmouth
Norfolk
NR31 0AR
Page 1
Page 2
Director's Report
The director presents his report and the financial statements for the year ended 28 February 2024.
Principal Activity
The company's principal activity continues to be the provision of educational support services.
Directors
The director who held office during the year were as follows:
Mr Leon Bernasconi
Statement of Director's Responsibilities
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to: 
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Leon Bernasconi
Director
15/09/2024
Page 2
Page 3
Accountant's Report
Report of the Accountant to the director of Base Camp Lowestoft Ltd
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 28 February 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Statement of Financial Position you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Signed
Mr Edward Clarke, BSc (Hons), MAAT
15/09/2024
Clarke Accountancy Ltd
Dashwood House
1 Tyrells Road
Great Yarmouth
Norfolk
NR31 0AR
Page 3
Page 4
Income Statement
2024 2023
Notes £ £
TURNOVER 99,319 92,982
Cost of sales (38,789 ) (12,950 )
GROSS PROFIT 60,530 80,032
Administrative expenses (33,575 ) (30,370 )
OPERATING PROFIT 26,955 49,662
Other interest receivable and similar income 58 24
Interest payable and similar charges (1,228 ) (1,193 )
PROFIT BEFORE TAXATION 25,785 48,493
Tax on Profit (4,921 ) (9,214 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 20,864 39,279
The notes on pages 8 to 10 form part of these financial statements.
Page 4
Page 5
Statement of Financial Position
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,485 20,424
21,485 20,424
CURRENT ASSETS
Debtors 5 28,513 17,483
Cash at bank and in hand 19,786 42,487
48,299 59,970
Creditors: Amounts Falling Due Within One Year 6 (16,880 ) (23,882 )
NET CURRENT ASSETS (LIABILITIES) 31,419 36,088
TOTAL ASSETS LESS CURRENT LIABILITIES 52,904 56,512
Creditors: Amounts Falling Due After More Than One Year 7 (2,998 ) (7,767 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,082 ) (3,785 )
NET ASSETS 45,824 44,960
CAPITAL AND RESERVES
Called up share capital 8 1 1
Income Statement 45,823 44,959
SHAREHOLDERS' FUNDS 45,824 44,960
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Page 6
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mr Leon Bernasconi
Director
15/09/2024
The notes on pages 8 to 10 form part of these financial statements.
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Page 7
Statement of Changes in Equity
Share Capital Income Statement Total
£ £ £
As at 1 March 2022 1 26,114 26,115
Profit for the year and total comprehensive income - 39,279 39,279
Dividends paid - (20,434) (20,434)
As at 28 February 2023 and 1 March 2023 1 44,959 44,960
Profit for the year and total comprehensive income - 20,864 20,864
Dividends paid - (20,000) (20,000)
As at 28 February 2024 1 45,823 45,824
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Notes to the Financial Statements
1. General Information
Base Camp Lowestoft Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11816323 . The registered office is 1 Flixton View, Oulton, Lowestoft, NR32 3GZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
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.
2.4. 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:
Plant & Machinery 18% reducing balance
Motor Vehicles 18% reducing balance
2.5. 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 years 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 assets reflect 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: 2 (2023: 1)
2 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 March 2023 8,817 22,995 31,812
Additions 1,627 4,150 5,777
As at 28 February 2024 10,444 27,145 37,589
Depreciation
As at 1 March 2023 3,855 7,533 11,388
Provided during the period 1,186 3,530 4,716
As at 28 February 2024 5,041 11,063 16,104
Net Book Value
As at 28 February 2024 5,403 16,082 21,485
As at 1 March 2023 4,962 15,462 20,424
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 15,866 14,376
Prepayments and accrued income 3,199 3,107
Director's loan account 9,448 -
28,513 17,483
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 501 583
Bank loans and overdrafts 402 2,412
Vehicle loans due within one year 5,595 5,595
Corporation tax 4,601 9,905
VAT 5,781 5,387
16,880 23,882
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 273
Vehicle loans 2,998 7,494
2,998 7,767
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 10