OFFICE BASE LIMITED

Company Registration Number:
02218322 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

OFFICE BASE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

OFFICE BASE LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 208,084 418,876
Tangible assets: 4 42,942 31,498
Investments: 5 161,195 161,195
Total fixed assets: 412,221 611,569
Current assets
Stocks: 83,889 100,936
Debtors:   919,702 1,058,986
Cash at bank and in hand: 218,270 90,489
Total current assets: 1,221,861 1,250,411
Creditors: amounts falling due within one year: 6 (1,247,274) (1,363,155)
Net current assets (liabilities): (25,413) (112,744)
Total assets less current liabilities: 386,808 498,825
Creditors: amounts falling due after more than one year: 7 (172,506) (322,506)
Provision for liabilities: (4,473) (1,490)
Total net assets (liabilities): 209,829 174,829
Capital and reserves
Called up share capital: 125,002 125,002
Profit and loss account: 84,827 49,827
Shareholders funds: 209,829 174,829

The notes form part of these financial statements

OFFICE BASE LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 13 November 2024
and signed on behalf of the board by:

Name: D V James
Status: Director

The notes form part of these financial statements

OFFICE BASE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Property Improvements Over 3 years Plant & machinery 25% reducing balance.

OFFICE BASE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 22 22

OFFICE BASE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible Assets

Total
Cost £
At 01 April 2023 2,107,908
At 31 March 2024 2,107,908
Amortisation
At 01 April 2023 1,689,032
Charge for year 210,792
At 31 March 2024 1,899,824
Net book value
At 31 March 2024 208,084
At 31 March 2023 418,876

OFFICE BASE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible Assets

Total
Cost £
At 01 April 2023 754,549
Additions 20,957
At 31 March 2024 775,506
Depreciation
At 01 April 2023 723,051
Charge for year 9,513
At 31 March 2024 732,564
Net book value
At 31 March 2024 42,942
At 31 March 2023 31,498

OFFICE BASE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Fixed investments

Shares in group undertakings and participating interests £161,195 (2023: £161,195)

OFFICE BASE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

Bank loans £149,994 (2023: £149,994) Trade creditors £643,285 (2023: £664,346) Taxation and social security £73,435 (2023: £95,481) Other creditors £380,560 (2023: £453,334)

OFFICE BASE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Creditors: amounts falling due after more than one year note

Bank loans and overdrafts £172,506 (2023: £322,506)

OFFICE BASE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

8. Related party transactions

Name of the related party: Quillrange Ltd
Relationship:
Common control
Description of the Transaction: Loan with no interest or fixed repayment date
£
Balance at 01 April 2023 77,466
Balance at 31 March 2024 77,466
Name of the related party: Polystat Ltd
Relationship:
Common control
Description of the Transaction: Loan with no interest or fixed repayment date.
£
Balance at 01 April 2023 3,718
Balance at 31 March 2024 3,718

The ultimate controlling party is Office Base (Holdings) Limited, a company registered in England and Wales.