Company Registration No. 3714758 (England and Wales)
IBASE SYSTEMS LIMITED
Unaudited accounts
for the year ended 28 February 2025
IBASE SYSTEMS LIMITED
Unaudited accounts
Contents
IBASE SYSTEMS LIMITED
Company Information
for the year ended 28 February 2025
Directors
Ian Angus Laughlin
Mark Turner
Company Number
3714758 (England and Wales)
Registered Office
THE COBB, MUSTER POINT FEATHERBED LANE
EAST HENDRED
WANTAGE
OX12 8JF
ENGLAND
Accountants
Swash & Co
Boston House
Grove Business Park
Wantage
Oxfordshire
OX12 9FF
IBASE SYSTEMS LIMITED
Statement of financial position
as at 28 February 2025
Tangible assets
1,073
1,370
Cash at bank and in hand
14,058
7,725
Creditors: amounts falling due within one year
(16,743)
(20,739)
Net current liabilities
(2,207)
(12,410)
Total assets less current liabilities
(1,134)
(11,040)
Creditors: amounts falling due after more than one year
(374,203)
(374,203)
Net liabilities
(375,337)
(385,243)
Called up share capital
100
100
Profit and loss account
(375,437)
(385,343)
Shareholders' funds
(375,337)
(385,243)
For the year ending 28 February 2025 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 24 March 2025 and were signed on its behalf by
Mark Turner
Director
Company Registration No. 3714758
IBASE SYSTEMS LIMITED
Notes to the Accounts
for the year ended 28 February 2025
IBASE SYSTEMS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 3714758. The registered office is THE COBB, MUSTER POINT FEATHERBED LANE, EAST HENDRED, WANTAGE, OX12 8JF, 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.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
IBASE SYSTEMS LIMITED
Notes to the Accounts
for the year ended 28 February 2025
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
-
1
Loans from directors
(1,307)
1,792
Deferred income
17,250
17,250
7
Creditors: amounts falling due after more than one year
2025
2024
Amounts owed to group undertakings and other participating interests
374,203
374,203
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).