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REGISTERED NUMBER: 11230226 (England and Wales)











BASE BUILDERS AND SURVEYORS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024






BASE BUILDERS AND SURVEYORS LTD (REGISTERED NUMBER: 11230226)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


BASE BUILDERS AND SURVEYORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTORS: S Ellis
Mrs K Ellis





SECRETARIES: S Ellis
Mrs K Ellis





REGISTERED OFFICE: 24 Churchfield
Hastings
East Sussex
TN35 4SN





REGISTERED NUMBER: 11230226 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

BASE BUILDERS AND SURVEYORS LTD (REGISTERED NUMBER: 11230226)

BALANCE SHEET
29TH FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,906 6,019

CURRENT ASSETS
Debtors 5 25,887 15,393
Cash at bank 1,371 5,910
27,258 21,303
CREDITORS
Amounts falling due within one year 6 22,844 13,399
NET CURRENT ASSETS 4,414 7,904
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,320

13,923

CREDITORS
Amounts falling due after more than one
year

7

(8,331

)

(12,330

)

PROVISIONS FOR LIABILITIES (1,322 ) (1,144 )
NET ASSETS 667 449

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 467 249
SHAREHOLDERS' FUNDS 667 449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BASE BUILDERS AND SURVEYORS LTD (REGISTERED NUMBER: 11230226)

BALANCE SHEET - continued
29TH FEBRUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th November 2024 and were signed on its behalf by:




S Ellis - Director



Mrs K Ellis - Director


BASE BUILDERS AND SURVEYORS LTD (REGISTERED NUMBER: 11230226)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024


1. STATUTORY INFORMATION

Base Builders and Surveyors Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

BASE BUILDERS AND SURVEYORS LTD (REGISTERED NUMBER: 11230226)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st March 2023 1,460 12,900 1,780 16,140
Additions 83 1,918 - 2,001
At 29th February 2024 1,543 14,818 1,780 18,141
DEPRECIATION
At 1st March 2023 1,028 7,458 1,635 10,121
Charge for year 129 1,840 145 2,114
At 29th February 2024 1,157 9,298 1,780 12,235
NET BOOK VALUE
At 29th February 2024 386 5,520 - 5,906
At 28th February 2023 432 5,442 145 6,019

BASE BUILDERS AND SURVEYORS LTD (REGISTERED NUMBER: 11230226)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st March 2023 12,900
Transfer to ownership (12,900 )
At 29th February 2024 -
DEPRECIATION
At 1st March 2023 7,458
Transfer to ownership (7,458 )
At 29th February 2024 -
NET BOOK VALUE
At 29th February 2024 -
At 28th February 2023 5,442

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,970 6,611
Other debtors 14,917 8,782
25,887 15,393

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,000 4,000
Hire purchase contracts - 3,273
Trade creditors 13,007 1,659
Taxation and social security 4,628 3,316
Other creditors 1,209 1,151
22,844 13,399

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 8,331 12,330

BASE BUILDERS AND SURVEYORS LTD (REGISTERED NUMBER: 11230226)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 3,273

The hire purchase liability is secured against the asset to which it relates.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
100 Ordinary B £1 100 100
200 200

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29th February 2024 and 28th February 2023:

2024 2023
£    £   
S Ellis and Mrs K Ellis
Balance outstanding at start of year 5,501 -
Amounts advanced 18,559 24,558
Amounts repaid (14,812 ) (19,057 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,248 5,501

The director operates a current account with the company, in which any balances that become due to the company are repayable on demand.