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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
Page
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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
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Base Up Limited Statement of financial position as at 31 August 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
12,111 
Current assets
Debtors
2,139 
Cash at bank and in hand
153 
2,292 
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
Deferred tax
(1,242)
Net assets
615 
Capital and reserves
Called up share capital
100 
Profit and loss account
515 
Shareholders' funds
615 
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
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Base Up Limited Notes to the Accounts for the period from 7 August 2023 to 31 August 2024
1
Statutory information
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.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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.
Leased assets
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.
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Base Up Limited Notes to the Accounts for the period from 7 August 2023 to 31 August 2024
Pension costs
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.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 7 August 2023
- 
- 
- 
Additions
2,926 
11,200 
14,126 
At 31 August 2024
2,926 
11,200 
14,126 
Depreciation
Charge for the period
732 
1,283 
2,015 
At 31 August 2024
732 
1,283 
2,015 
Net book value
At 31 August 2024
2,194 
9,917 
12,111 
2024 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
- Motor vehicles
9,917 
5
Debtors
2024 
£ 
Amounts falling due within one year
VAT
910 
Trade debtors
800 
Accrued income and prepayments
429 
2,139 
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 
Other creditors
818 
Loans from directors
439 
4,519 
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.
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Base Up Limited Notes to the Accounts for the period from 7 August 2023 to 31 August 2024
8
Deferred taxation
2024 
£ 
Accelerated capital allowances
1,242 
2024 
£ 
Charged to the profit and loss account
1,242 
Provision at end of period
1,242 
9
Share capital
2024 
£ 
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.
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