Company Registration No. 11901211 (England and Wales)
Bassett Turf Supplies Ltd
Unaudited accounts
for the year ended 31 March 2024
Bassett Turf Supplies Ltd
Unaudited accounts
Contents
Bassett Turf Supplies Ltd
Company Information
for the year ended 31 March 2024
Directors
Gary Davies
Barry Taylor
Company Number
11901211 (England and Wales)
Registered Office
10 HART CLOSE
ROYAL WOOTTON BASSETT
SWINDON
WILTS
SN4 7FN
ENGLAND
Accountants
Accounts On Us Ltd
Suite 5, Crowood House
Gipsy Lane
Swindon
Wilts
SN2 8YY
Bassett Turf Supplies Ltd
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
5,511
3,006
Creditors: amounts falling due within one year
(61,561)
(45,244)
Net current liabilities
(44,827)
(35,598)
Net liabilities
(44,827)
(35,598)
Called up share capital
2
2
Profit and loss account
(44,829)
(35,600)
Shareholders' funds
(44,827)
(35,598)
For the 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. 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.
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 of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by
Gary Davies
Director
Company Registration No. 11901211
Bassett Turf Supplies Ltd
Notes to the Accounts
for the year ended 31 March 2024
Bassett Turf Supplies Ltd is a private company, limited by shares, registered in England and Wales, registration number 11901211. The registered office is 10 HART CLOSE, ROYAL WOOTTON BASSETT, SWINDON, WILTS, SN4 7FN, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
The accounts are presented in £ sterling.
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.
Amounts falling due within one year
Trade debtors
11,223
6,640
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
3,513
5,062
Taxes and social security
30,523
5,695
Loans from directors
(12,000)
-
Bassett Turf Supplies Ltd
Notes to the Accounts
for the year ended 31 March 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
-
21,821
16,013
5,808
Directors Loan
-
20,904
14,712
6,192
Directors Loan payments made during the period ending 31/03/2024 and not repaid
Interest rate applicable 2.25%
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).