Registered number
13218198
1st Base Catering Limited
Filleted Accounts
29 February 2024
1st Base Catering Limited
Registered number: 13218198
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,126 1,502
Current assets
Debtors 5 217,317 158,632
Cash at bank and in hand 132 2,033
217,449 160,665
Creditors: amounts falling due within one year 6 (394,937) (378,861)
Net current liabilities (177,488) (218,196)
Total assets less current liabilities (176,362) (216,694)
Creditors: amounts falling due after more than one year 7 - (600)
Net liabilities (176,362) (217,294)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (177,362) (218,294)
Shareholders' funds (176,362) (217,294)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Kirpal
Director
Approved by the board on 8 November 2024
1st Base Catering Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing Blance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 2,002
At 29 February 2024 2,002
Depreciation
At 1 March 2023 500
Charge for the year 376
At 29 February 2024 876
Net book value
At 29 February 2024 1,126
At 28 February 2023 1,502
4 Taxation losses
Subject to the agreement of HM Revenue and Customs, there are trading losses available to carry forward against future profits arising from the same trade.
5 Debtors 2024 2023
£ £
Trade debtors 530 2,926
Amounts owed by group undertakings and undertakings in which the company has a participating interest 90,326 73,252
Corporation tax chargable loans 53,398 26,331
Other debtors 73,063 56,123
217,317 158,632
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 269,970 322,201
Taxation and social security costs 124,967 56,660
394,937 378,861
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors - 600
8 Other information
1st Base Catering Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
1st Base Catering Limited 13218198 false 2023-03-01 2024-02-29 2024-02-29 VT Final Accounts October 2023 D Kirpal No description of principal activity 13218198 2022-03-01 2023-02-28 13218198 core:WithinOneYear 2023-02-28 13218198 core:AfterOneYear 2023-02-28 13218198 core:ShareCapital 2023-02-28 13218198 core:RetainedEarningsAccumulatedLosses 2023-02-28 13218198 2023-03-01 2024-02-29 13218198 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13218198 bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13218198 bus:Director40 2023-03-01 2024-02-29 13218198 1 2023-03-01 2024-02-29 13218198 2 2023-03-01 2024-02-29 13218198 core:PlantMachinery 2023-03-01 2024-02-29 13218198 countries:England 2023-03-01 2024-02-29 13218198 bus:FRS102 2023-03-01 2024-02-29 13218198 bus:FullAccounts 2023-03-01 2024-02-29 13218198 2024-02-29 13218198 core:WithinOneYear 2024-02-29 13218198 core:AfterOneYear 2024-02-29 13218198 core:ShareCapital 2024-02-29 13218198 core:RetainedEarningsAccumulatedLosses 2024-02-29 13218198 core:PlantMachinery 2024-02-29 13218198 2023-02-28 13218198 core:PlantMachinery 2023-02-28 iso4217:GBP xbrli:pure