Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 10637893 Mr Chinedu Abanobi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10637893 2023-02-28 10637893 2024-02-28 10637893 2023-03-01 2024-02-28 10637893 frs-core:CurrentFinancialInstruments 2024-02-28 10637893 frs-core:Non-currentFinancialInstruments 2024-02-28 10637893 frs-core:BetweenOneFiveYears 2024-02-28 10637893 frs-core:ComputerEquipment 2024-02-28 10637893 frs-core:ComputerEquipment 2023-03-01 2024-02-28 10637893 frs-core:ComputerEquipment 2023-02-28 10637893 frs-core:FurnitureFittings 2024-02-28 10637893 frs-core:FurnitureFittings 2023-03-01 2024-02-28 10637893 frs-core:FurnitureFittings 2023-02-28 10637893 frs-core:MotorVehicles 2024-02-28 10637893 frs-core:MotorVehicles 2023-03-01 2024-02-28 10637893 frs-core:MotorVehicles 2023-02-28 10637893 frs-core:PlantMachinery 2024-02-28 10637893 frs-core:PlantMachinery 2023-03-01 2024-02-28 10637893 frs-core:PlantMachinery 2023-02-28 10637893 frs-core:WithinOneYear 2024-02-28 10637893 frs-core:ShareCapital 2024-02-28 10637893 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 10637893 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 10637893 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 10637893 frs-bus:SmallEntities 2023-03-01 2024-02-28 10637893 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 10637893 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 10637893 frs-bus:Director1 2023-03-01 2024-02-28 10637893 frs-core:Non-currentFinancialInstruments 1 2024-02-28 10637893 frs-core:Non-currentFinancialInstruments 3 2024-02-28 10637893 frs-core:Non-currentFinancialInstruments 4 2024-02-28 10637893 frs-core:Non-currentFinancialInstruments 5 2024-02-28 10637893 frs-countries:EnglandWales 2023-03-01 2024-02-28 10637893 2022-02-28 10637893 2023-02-28 10637893 2022-03-01 2023-02-28 10637893 frs-core:CurrentFinancialInstruments 2023-02-28 10637893 frs-core:Non-currentFinancialInstruments 2023-02-28 10637893 frs-core:BetweenOneFiveYears 2023-02-28 10637893 frs-core:WithinOneYear 2023-02-28 10637893 frs-core:ShareCapital 2023-02-28 10637893 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 10637893 frs-core:Non-currentFinancialInstruments 1 2023-02-28 10637893 frs-core:Non-currentFinancialInstruments 3 2023-02-28 10637893 frs-core:Non-currentFinancialInstruments 4 2023-02-28 10637893 frs-core:Non-currentFinancialInstruments 5 2023-02-28
Registered number: 10637893
FIELDBASE SERVICES LTD
Unaudited Financial Statements
For The Year Ended 28 February 2024
Trabalho Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10637893
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 103,509 26,671
103,509 26,671
CURRENT ASSETS
Debtors 5 1,029,488 384,412
Cash at bank and in hand 175,189 39,136
1,204,677 423,548
Creditors: Amounts Falling Due Within One Year 6 (518,805 ) (332,328 )
NET CURRENT ASSETS (LIABILITIES) 685,872 91,220
TOTAL ASSETS LESS CURRENT LIABILITIES 789,381 117,891
Creditors: Amounts Falling Due After More Than One Year 7 (348,134 ) (9,300 )
NET ASSETS 441,247 108,591
CAPITAL AND RESERVES
Called up share capital 9 100 1
Profit and Loss Account 441,147 108,590
SHAREHOLDERS' FUNDS 441,247 108,591
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For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Mr Chinedu Abanobi
Director
26/11/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
FIELDBASE SERVICES LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10637893 . The registered office is International House, 36-38 Cornhill, London, EC3V 3NG.
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. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% - Reducing balance
Motor Vehicles 25% - Reducing balance
Fixtures & Fittings 25% - Reducing balance
Computer Equipment 25% - Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
1Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 25,045 - 2,131 12,645 39,821
Additions - 81,940 - 19,559 101,499
As at 28 February 2024 25,045 81,940 2,131 32,204 141,320
Depreciation
As at 1 March 2023 6,448 - 718 5,984 13,150
Provided during the period 4,649 15,364 353 4,295 24,661
As at 28 February 2024 11,097 15,364 1,071 10,279 37,811
Net Book Value
As at 28 February 2024 13,948 66,576 1,060 21,925 103,509
As at 1 March 2023 18,597 - 1,413 6,661 26,671
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5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 3,254 29,379
Other debtors - Security deposit 1,458 7,078
VAT 9,820 4,913
14,532 41,370
Due after more than one year
Trade debtors 886,139 556,619
Fieldbase Nigeria - (260,023 )
Fieldbase Security Ltd - 12,765
Fieldbase Holding 92,609 33,681
DSG UK 12,997 -
DSG Angola 23,211 -
1,014,956 343,042
1,029,488 384,412
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 9,704 -
Trade creditors 243,144 265,712
Bank loans and overdrafts 7,898 13,556
Corporation tax 107,956 32,691
Accruals and deferred income 149,879 15,400
Director's loan account 224 4,969
518,805 332,328
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 55,767 -
Bank loans 268,200 9,300
Amount owed to Fieldbase Nigeria 24,167 -
348,134 9,300
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,704 -
Later than one year and not later than five years 55,767 -
65,471 -
65,471 -
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 1
10. Related Party Transactions
At the end of financial year, Fieldbase Services UK Ltd owes Fieldbase Nigeria Ltd a total of £24,167 (2023:£260,023)
At the end of financial year, Fieldbase Services UK Ltd is owed by:
Fieldbase Security Ltd a total of £0 (2023: £12,765)
Fieldbase Holding Ltd a total of £92,609 (2023: £33,681)
Direct Support Group Ltd UK a total of £12,997 (2023:0)
Direct Support Group Ltd Angola a total of £23,211 (2023:0)
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