Company Registration No. 15054582 (England and Wales)
Base Up Limited
Unaudited accounts
for the period from 7 August 2023 to 31 August 2024
Base Up Limited
Unaudited accounts
Contents
Base Up Limited
Company Information
for the period from 7 August 2023 to 31 August 2024
Director
Thomas Hague Gordon
Company Number
15054582 (England and Wales)
Registered Office
51 Wilmslow Road
Cheadle
Cheshire
SK8 1HG
England
Accountants
SJM Accounting Services
51 Wilmslow Road
Cheadle
Stockport
Cheshire
SK8 1HG
Base Up Limited
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
153
Creditors: amounts falling due within one year
(4,519)
Net current liabilities
(2,227)
Total assets less current liabilities
9,884
Creditors: amounts falling due after more than one year
(8,027)
Provisions for liabilities
Called up share capital
100
Profit and loss account
515
For the period ending 31 August 2024 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 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 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 and authorised for issue on 8 October 2024 and were signed on its behalf by
Thomas Hague Gordon
Director
Company Registration No. 15054582
Base Up Limited
Notes to the Accounts
for the period from 7 August 2023 to 31 August 2024
Base Up Limited is a private company, limited by shares, registered in England and Wales, registration number 15054582. The registered office is 51 Wilmslow Road, Cheadle, Cheshire, SK8 1HG, England. The principal place of business is 56 Torkington Road, Gatley, Cheshire, SK8 4PW, England.
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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 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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
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.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Base Up Limited
Notes to the Accounts
for the period from 7 August 2023 to 31 August 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
Additions
2,926
11,200
14,126
At 31 August 2024
2,926
11,200
14,126
Charge for the period
732
1,283
2,015
At 31 August 2024
732
1,283
2,015
At 31 August 2024
2,194
9,917
12,111
Carrying values included above held under finance leases and hire purchase contracts:
£
Amounts falling due within one year
Accrued income and prepayments
429
6
Creditors: amounts falling due within one year
2024
Obligations under finance leases and hire purchase contracts
2,240
Taxes and social security
1,022
Obligations under hire purchase agreements are secured against the asset concerned.
7
Creditors: amounts falling due after more than one year
2024
Obligations under finance leases and hire purchase contracts
8,027
Obligations under hire purchase agreements are secured against the asset concerned.
Base Up Limited
Notes to the Accounts
for the period from 7 August 2023 to 31 August 2024
Accelerated capital allowances
1,242
Charged to the profit and loss account
1,242
Provision at end of period
1,242
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
Shares issued during the period:
100 Ordinary shares of £1 each
100
10
Transactions with related parties
TH Gordon (director and shareholder)
Dividends paid in the period: £4,500
Loan account owing to TH Gordon: £439
11
Average number of employees
During the period the average number of employees was 3.