COMPANY REGISTRATION NUMBER:
BASELINE CIVILS LTD
Unaudited Financial Statements
29 February 2024
Baseline Civils Limited
Financial Statements
Year ended 29 February 2024
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Directors Report | 3 |
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Report to the director on the preparation of the unaudited statutory financial statements | 4 |
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Statement of financial position | 5 |
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Notes to the financial statements | 7 |
Baseline Civils Limited
Director's Report
Year ended 29 February 2024
The director presents his report and the unaudited financial statements of the company for the year ended 29 February 2024.
Director
The director who served the company during the year was as follows:
Mr
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small company's exemption.
This report was approved by the board of directors on
Mr LWR Duncan
Director
Registered Office:
Baseline Civils Limited
Report to the director on the preparation of the unaudited Statutory
Financial Statements of Baseline Civils Ltd
Year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Baseline Civils Ltd for the year ended 29 February 2024, which comprise the statement of income and related earnings, statement of financial position and the related notes from the companies' accounting records and from the information and explanations you have given us.
This report is made solely to the director of Baseline Civils Ltd in accordance with the instructions given to me. My work has been undertaken solely to prepare for your approval the financial statements of Baseline Civils Ltd and state those matters that we have agreed to state to you in this report.
It is your duty to ensure that Baseline Civils Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Baseline Civils Ltd. You consider that Baseline Civils Ltd is exempt from the statutory audit requirement for the year.
Karen Duncan
Administrative Assistant
Baseline Civils Ltd
Baseline Civils Limited
Statement of Financial Position
Year ended 29 February 2024
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Fixed assets |
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Tangible assets | 5 | ||
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Current assets |
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Debtors | 6 | ||
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Cash at bank and in hand |
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Creditors: |
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amounts falling due within one year | 7 | ||
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Materials |
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Net current assets |
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Total assets less current liabilities |
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Creditors : |
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Amounts falling due after more than one year | 8 | ||
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Baseline Civils Limited
Statement of Financial Position
Year ended 29 February 2024
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small company's regime and in accordance with FRS 102 ‘The financial reporting standard applicable in the UK and Republic of Ireland'
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.
Director's responsibilities:
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
These financial statements were approved by the
Mr LWR Duncan
Director
Company registration number: NI 676845
BASELINE CIVILS LTD
Notes to the Financial Statements
Year Ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 17 Montaighroe Road, Kesh, Co. Fermanagh, BT931ED.
2. Statement of compliance
These financial statements have been prepared in compliance with section 1A of FRS 102, ‘The financial reporting standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Revenue recognition
Income Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent it relates to items recognised in other comprehensive income or directly in
BASELINE CIVILS LTD
Notes to the Financial Statements
Year Ended 29 February 2024
equity. In case, tax is recognised in other comprehensive income or directly in equity respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible Assets
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash generating unit to which the asset belongs. The cash generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
BASELINE CIVILS LTD
Notes to the Financial Statements
Year Ended 29 February 2024
4. Employee numbers
The average number of persons employed by the company during the year amounted to
5. Tangible assets
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Cost |
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Site Dumpers | ||
Vehicles | ||
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Van |
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Trailer |
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At 29 February | ||
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Depreciation |
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At 29 February 2024 | ||
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Carrying Amount |
| 117,308.80 |
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At 29 February 2024 |
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6. Debtors
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CIS Tax |
7 Creditors: Amounts falling due within one year
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Corporation Tax | |
Materials | |
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| 90,579.60 |
BASELINE CIVILS LTD
Notes to the Financial Statements
Year Ended 29 February 2024
8. Creditors: amounts falling due after more than one year
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9. Directors advances, credits and guarantees
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10. Related party transactions