Bascomb & Drew Maintenance Ltd 09202949 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is a property maintenance services supplier. Digita Accounts Production Advanced 6.30.9574.0 true 09202949 2023-04-01 2024-03-31 09202949 2024-03-31 09202949 bus:Director1 1 2024-03-31 09202949 bus:Director2 1 2024-03-31 09202949 core:RetainedEarningsAccumulatedLosses 2024-03-31 09202949 core:ShareCapital 2024-03-31 09202949 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-03-31 09202949 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-03-31 09202949 core:CurrentFinancialInstruments 2024-03-31 09202949 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09202949 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 09202949 core:FurnitureFittings 2024-03-31 09202949 core:MotorVehicles 2024-03-31 09202949 core:OfficeEquipment 2024-03-31 09202949 bus:SmallEntities 2023-04-01 2024-03-31 09202949 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09202949 bus:FilletedAccounts 2023-04-01 2024-03-31 09202949 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09202949 bus:RegisteredOffice 2023-04-01 2024-03-31 09202949 bus:Director1 2023-04-01 2024-03-31 09202949 bus:Director1 1 2023-04-01 2024-03-31 09202949 bus:Director2 2023-04-01 2024-03-31 09202949 bus:Director2 1 2023-04-01 2024-03-31 09202949 bus:Director3 2023-04-01 2024-03-31 09202949 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09202949 bus:Agent1 2023-04-01 2024-03-31 09202949 core:ComputerEquipment 2023-04-01 2024-03-31 09202949 core:FurnitureFittings 2023-04-01 2024-03-31 09202949 core:MotorCars 2023-04-01 2024-03-31 09202949 core:MotorVehicles 2023-04-01 2024-03-31 09202949 core:OfficeEquipment 2023-04-01 2024-03-31 09202949 countries:England 2023-04-01 2024-03-31 09202949 2023-03-31 09202949 bus:Director1 1 2023-03-31 09202949 bus:Director2 1 2023-03-31 09202949 core:FurnitureFittings 2023-03-31 09202949 core:MotorVehicles 2023-03-31 09202949 core:OfficeEquipment 2023-03-31 09202949 2022-04-01 2023-03-31 09202949 2023-03-31 09202949 bus:Director1 1 2023-03-31 09202949 bus:Director2 1 2023-03-31 09202949 core:RetainedEarningsAccumulatedLosses 2023-03-31 09202949 core:ShareCapital 2023-03-31 09202949 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-03-31 09202949 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-03-31 09202949 core:CurrentFinancialInstruments 2023-03-31 09202949 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09202949 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 09202949 core:FurnitureFittings 2023-03-31 09202949 core:MotorVehicles 2023-03-31 09202949 core:OfficeEquipment 2023-03-31 09202949 bus:Director1 1 2022-04-01 2023-03-31 09202949 bus:Director2 1 2022-04-01 2023-03-31 09202949 bus:Director1 1 2022-03-31 09202949 bus:Director2 1 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 09202949

Bascomb & Drew Maintenance Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Bascomb & Drew Maintenance Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

Accountants' Report

8

 

Bascomb & Drew Maintenance Ltd

Company Information

Directors

Mr William Griffith

Mr Andrew Paul Dean

Mr Blake Anthony Buckingham

Registered office

Keep Hatch Farmhouse
Wokingham
Berkshire
RG40 5PU

Accountants

EQ Accountants Ltd
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

 

Bascomb & Drew Maintenance Ltd

(Registration number: 09202949)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

40,897

42,112

Current assets

 

Stocks

5

14,300

11,200

Debtors

6

853,301

155,686

Cash at bank and in hand

 

563,103

460,829

 

1,430,704

627,715

Creditors: Amounts falling due within one year

7

(1,069,542)

(456,964)

Net current assets

 

361,162

170,751

Total assets less current liabilities

 

402,059

212,863

Creditors: Amounts falling due after more than one year

7

(6,898)

(7,994)

Provisions for liabilities

(8,967)

(8,001)

Net assets

 

386,194

196,868

Capital and reserves

 

Called up share capital

100

100

Retained earnings

386,094

196,768

Shareholders' funds

 

386,194

196,868

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 July 2024 and signed on its behalf by:
 

.........................................
Mr Andrew Paul Dean
Director

 

Bascomb & Drew Maintenance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Bascomb & Drew Maintenance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% on reducing balance

Motor vehicles

25% on reducing balance

Computer equipment

33% on cost

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Financial instruments

Classification
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.

 

3

Employees and Directors

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 6).

 

Bascomb & Drew Maintenance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

4,290

6,559

98,231

109,080

Additions

-

1,904

26,398

28,302

At 31 March 2024

4,290

8,463

124,629

137,382

Depreciation

At 1 April 2023

3,697

5,801

57,470

66,968

Charge for the year

189

629

28,699

29,517

At 31 March 2024

3,886

6,430

86,169

96,485

Carrying amount

At 31 March 2024

404

2,033

38,460

40,897

At 31 March 2023

593

758

40,761

42,112

5

Stocks

2024
£

2023
£

Other inventories

14,300

11,200

6

Debtors

Current

2024
£

2023
£

Trade debtors

96,637

153,260

Prepayments

1,564

2,326

Other debtors

755,100

100

 

853,301

155,686

7

Creditors

Creditors: amounts falling due within one year

 

Bascomb & Drew Maintenance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

13,873

13,836

Trade creditors

 

167,164

88,272

Taxation and social security

 

283,107

100,339

Other creditors

 

605,398

254,517

 

1,069,542

456,964

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

6,898

7,994

A charge is registered over the company's assets by HSBC Bank PLC.

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

6,898

7,994

Current loans and borrowings

2024
£

2023
£

Hire purchase contracts

13,873

13,836

9

Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
 

2024
 £

2023
 £

Within one year

2,848

8,548

Between one and five years

-

2,848

2,848

11,396

 

Bascomb & Drew Maintenance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

10

Related party transactions

Transactions with directors

Debtors include the following amounts which are owed from individuals who were directors of the company during the year:

2024

At 1 April 2023
£

At 31 March 2024
£

Mr William Griffith

Loan

50

50

Mr Andrew Paul Dean

Loan

50

50

2023

At 1 April 2022
£

At 31 March 2023
£

Mr William Griffith

Loan

50

50

Mr Andrew Paul Dean

Loan

50

50

Also included within other creditors is an inter- company loan of £350,235 ( 2023: £250,000) due to Bascomb & Drew Ltd, a company which has the same directors as Bascomb & Drew Maintenance Ltd.

Included within other debtors is an inter-company loan of £755,000 ( 2023: £nil) due from Bascomb & Drew Developments Ltd which has the same directors as Bascomb & Drew Maintenance Ltd.

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Bascomb & Drew Maintenance Ltd
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bascomb & Drew Maintenance Ltd for the year ended 31 March 2024 as set out on pages 2 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Bascomb & Drew Maintenance Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Bascomb & Drew Maintenance Ltd and state those matters that we have agreed to state to the Board of Directors of Bascomb & Drew Maintenance Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bascomb & Drew Maintenance Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Bascomb & Drew Maintenance Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Bascomb & Drew Maintenance Ltd. You consider that Bascomb & Drew Maintenance Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Bascomb & Drew Maintenance Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

EQ Accountants Ltd
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

18 July 2024