2023-08-012024-07-312024-07-31false07824724William Bashall Limited2024-12-2082990falseiso4217:GBPxbrli:pure078247242023-08-01078247242024-07-31078247242023-08-012024-07-31078247242022-08-01078247242023-07-31078247242022-08-012023-07-3107824724bus:SmallEntities2023-08-012024-07-3107824724bus:AuditExempt-NoAccountantsReport2023-08-012024-07-3107824724bus:FullAccounts2023-08-012024-07-3107824724bus:PrivateLimitedCompanyLtd2023-08-012024-07-3107824724core:WithinOneYear2024-07-3107824724core:AfterOneYear2024-07-3107824724core:WithinOneYear2023-07-3107824724core:AfterOneYear2023-07-3107824724core:ShareCapital2024-07-3107824724core:SharePremium2024-07-3107824724core:RevaluationReserve2024-07-3107824724core:OtherReservesSubtotal2024-07-3107824724core:RetainedEarningsAccumulatedLosses2024-07-3107824724core:ShareCapital2023-07-3107824724core:SharePremium2023-07-3107824724core:RevaluationReserve2023-07-3107824724core:OtherReservesSubtotal2023-07-3107824724core:RetainedEarningsAccumulatedLosses2023-07-3107824724core:LandBuildings2024-07-3107824724core:PlantMachinery2024-07-3107824724core:Vehicles2024-07-3107824724core:FurnitureFittings2024-07-3107824724core:OfficeEquipment2024-07-3107824724core:NetGoodwill2024-07-3107824724core:IntangibleAssetsOtherThanGoodwill2024-07-3107824724core:ListedExchangeTraded2024-07-3107824724core:UnlistedNon-exchangeTraded2024-07-3107824724core:LandBuildings2023-07-3107824724core:PlantMachinery2023-07-3107824724core:Vehicles2023-07-3107824724core:FurnitureFittings2023-07-3107824724core:OfficeEquipment2023-07-3107824724core:NetGoodwill2023-07-3107824724core:IntangibleAssetsOtherThanGoodwill2023-07-3107824724core:ListedExchangeTraded2023-07-3107824724core:UnlistedNon-exchangeTraded2023-07-3107824724core:LandBuildings2023-08-012024-07-3107824724core:PlantMachinery2023-08-012024-07-3107824724core:Vehicles2023-08-012024-07-3107824724core:FurnitureFittings2023-08-012024-07-3107824724core:OfficeEquipment2023-08-012024-07-3107824724core:NetGoodwill2023-08-012024-07-3107824724core:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3107824724core:ListedExchangeTraded2023-08-012024-07-3107824724core:UnlistedNon-exchangeTraded2023-08-012024-07-3107824724core:MoreThanFiveYears2023-08-012024-07-3107824724core:Non-currentFinancialInstruments2024-07-3107824724core:Non-currentFinancialInstruments2023-07-3107824724dpl:CostSales2023-08-012024-07-3107824724dpl:DistributionCosts2023-08-012024-07-3107824724core:LandBuildings2023-08-012024-07-3107824724core:PlantMachinery2023-08-012024-07-3107824724core:Vehicles2023-08-012024-07-3107824724core:FurnitureFittings2023-08-012024-07-3107824724core:OfficeEquipment2023-08-012024-07-3107824724dpl:AdministrativeExpenses2023-08-012024-07-3107824724core:NetGoodwill2023-08-012024-07-3107824724core:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3107824724dpl:GroupUndertakings2023-08-012024-07-3107824724dpl:ParticipatingInterests2023-08-012024-07-3107824724dpl:GroupUndertakingscore:ListedExchangeTraded2023-08-012024-07-3107824724core:ListedExchangeTraded2023-08-012024-07-3107824724dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-08-012024-07-3107824724core:UnlistedNon-exchangeTraded2023-08-012024-07-3107824724dpl:CostSales2022-08-012023-07-3107824724dpl:DistributionCosts2022-08-012023-07-3107824724core:LandBuildings2022-08-012023-07-3107824724core:PlantMachinery2022-08-012023-07-3107824724core:Vehicles2022-08-012023-07-3107824724core:FurnitureFittings2022-08-012023-07-3107824724core:OfficeEquipment2022-08-012023-07-3107824724dpl:AdministrativeExpenses2022-08-012023-07-3107824724core:NetGoodwill2022-08-012023-07-3107824724core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3107824724dpl:GroupUndertakings2022-08-012023-07-3107824724dpl:ParticipatingInterests2022-08-012023-07-3107824724dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-012023-07-3107824724core:ListedExchangeTraded2022-08-012023-07-3107824724dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-012023-07-3107824724core:UnlistedNon-exchangeTraded2022-08-012023-07-3107824724core:NetGoodwill2024-07-3107824724core:IntangibleAssetsOtherThanGoodwill2024-07-3107824724core:LandBuildings2024-07-3107824724core:PlantMachinery2024-07-3107824724core:Vehicles2024-07-3107824724core:FurnitureFittings2024-07-3107824724core:OfficeEquipment2024-07-3107824724core:AfterOneYear2024-07-3107824724core:WithinOneYear2024-07-3107824724core:ListedExchangeTraded2024-07-3107824724core:UnlistedNon-exchangeTraded2024-07-3107824724core:ShareCapital2024-07-3107824724core:SharePremium2024-07-3107824724core:RevaluationReserve2024-07-3107824724core:OtherReservesSubtotal2024-07-3107824724core:RetainedEarningsAccumulatedLosses2024-07-3107824724core:NetGoodwill2023-07-3107824724core:IntangibleAssetsOtherThanGoodwill2023-07-3107824724core:LandBuildings2023-07-3107824724core:PlantMachinery2023-07-3107824724core:Vehicles2023-07-3107824724core:FurnitureFittings2023-07-3107824724core:OfficeEquipment2023-07-3107824724core:AfterOneYear2023-07-3107824724core:WithinOneYear2023-07-3107824724core: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William Bashall Limited

Registered Number
07824724
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

William Bashall Limited
Company Information
for the year from 1 August 2023 to 31 July 2024

Director

William John Bashall

Registered Address

Stoup Hill
Little Salkeld
Penrith
CA10 1NN

Registered Number

07824724 (England and Wales)
William Bashall Limited
Statement of Financial Position
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets59,06310,157
Investment property7688,232552,300
697,295562,457
Current assets
Debtors113,851111,587
Current asset investments-401,525
Cash at bank and on hand673,585377,782
787,436890,894
Creditors amounts falling due within one year8(59,291)(97,412)
Net current assets (liabilities)728,145793,482
Total assets less current liabilities1,425,4401,355,939
Provisions for liabilities9(2,266)(2,539)
Net assets1,423,1741,353,400
Capital and reserves
Called up share capital11
Profit and loss account1,423,1731,353,399
Shareholders' funds1,423,1741,353,400
The financial statements were approved and authorised for issue by the Director on 20 December 2024, and are signed on its behalf by:
William John Bashall
Director
Registered Company No. 07824724
William Bashall Limited
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Judgements and key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Turnover policy
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. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery15
Vehicles25
Office Equipment25
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year11
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Intangible assets

Other

Total

££
Cost or valuation
At 01 August 231,3001,300
At 31 July 241,3001,300
Amortisation and impairment
At 01 August 231,3001,300
At 31 July 241,3001,300
Net book value
At 31 July 24--
At 31 July 23--
5.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 August 238,8678,0003,20520,072
Additions1,000--1,000
At 31 July 249,8678,0003,20521,072
Depreciation and impairment
At 01 August 231,6996,4261,7909,915
Charge for year1,2613934402,094
At 31 July 242,9606,8192,23012,009
Net book value
At 31 July 246,9071,1819759,063
At 31 July 237,1681,5741,41510,157
6.Impairment of tangible fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
7.Investment property

£
Fair value at 01 August 23552,300
Additions161,289
Disposals(25,357)
At 31 July 24688,232
8.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables9753,249
Taxation and social security41,22852,897
Other creditors15,68939,767
Accrued liabilities and deferred income1,3991,499
Total59,29197,412
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Provisions for liabilities
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

2024

2023

££
Net deferred tax liability (asset)2,2662,539
Total2,2662,539