Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 04420998 Mr Nigel John Bassett Mrs Janice Bassett Mrs Janice Bassett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04420998 2023-03-31 04420998 2024-03-31 04420998 2023-04-01 2024-03-31 04420998 frs-core:CurrentFinancialInstruments 2024-03-31 04420998 frs-core:Non-currentFinancialInstruments 2024-03-31 04420998 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 04420998 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04420998 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 04420998 frs-core:ShareCapital 2024-03-31 04420998 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04420998 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04420998 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04420998 frs-bus:SmallEntities 2023-04-01 2024-03-31 04420998 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04420998 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04420998 frs-bus:Director1 2023-04-01 2024-03-31 04420998 frs-bus:Director2 2023-04-01 2024-03-31 04420998 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 04420998 frs-core:CurrentFinancialInstruments 1 2024-03-31 04420998 frs-countries:EnglandWales 2023-04-01 2024-03-31 04420998 2022-03-31 04420998 2023-03-31 04420998 2022-04-01 2023-03-31 04420998 frs-core:CurrentFinancialInstruments 2023-03-31 04420998 frs-core:Non-currentFinancialInstruments 2023-03-31 04420998 frs-core:ShareCapital 2023-03-31 04420998 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 04420998 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 04420998
Bassetts Limited
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04420998
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 250,000 250,000
250,000 250,000
CURRENT ASSETS
Cash at bank and in hand 19,333 13,675
19,333 13,675
Creditors: Amounts Falling Due Within One Year 5 (11,330 ) (5,527 )
NET CURRENT ASSETS (LIABILITIES) 8,003 8,148
TOTAL ASSETS LESS CURRENT LIABILITIES 258,003 258,148
Creditors: Amounts Falling Due After More Than One Year 6 (176,500 ) (182,500 )
NET ASSETS 81,503 75,648
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 81,403 75,547
SHAREHOLDERS' FUNDS 81,503 75,647
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Janice Bassett
Director
17/06/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bassetts Limited Registered number 04420998 is a limited by shares company incorporated in England and Wales. The Registered Office is 4 Sovereign Way, Eastleigh, Hampshire.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost.
Freehold 0
2.3. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.4. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
Directors  2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 April 2023 250,000
As at 31 March 2024 250,000
Net Book Value
As at 31 March 2024 250,000
As at 1 April 2023 250,000
250,000
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 2,547 1,744
Other creditors (1) 6,300 1,300
Directors' loan accounts 2,483 2,483
11,330 5,527
Page 3
Page 4
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 176,500 182,500
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4