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REGISTERED NUMBER: 05909540 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

BASE STUDIOS 1 LIMITED

BASE STUDIOS 1 LIMITED (REGISTERED NUMBER: 05909540)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BASE STUDIOS 1 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: L A White





REGISTERED OFFICE: Unit 14a, Gainsborough Trading Estate
Rufford Road
Stourbridge
West Midlands
DY9 7ND





REGISTERED NUMBER: 05909540 (England and Wales)





ACCOUNTANTS: Blackthorns
Chartered Accountants
Admiral House
Waterfront East
Brierley Hill
West Midlands
DY5 1XG

BASE STUDIOS 1 LIMITED (REGISTERED NUMBER: 05909540)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,440 17,720

CURRENT ASSETS
Stocks 200 250
Debtors 5 2,929 8,521
Cash at bank 5,069 2,945
8,198 11,716
CREDITORS
Amounts falling due within one year 6 20,290 38,337
NET CURRENT LIABILITIES (12,092 ) (26,621 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,348

(8,901

)

CREDITORS
Amounts falling due after more than one
year

7

(2,870

)

(9,583

)

PROVISIONS FOR LIABILITIES (750 ) (3,000 )
NET LIABILITIES (2,272 ) (21,484 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (2,372 ) (21,584 )
(2,272 ) (21,484 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 STUDIOS 1 LIMITED (REGISTERED NUMBER: 05909540)

BALANCE SHEET - continued
31 AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2025 and were signed by:





L A White - Director


BASE STUDIOS 1 LIMITED (REGISTERED NUMBER: 05909540)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Base Studios 1 Limited is a private company, limited by shares, registered in England and Wales, registered number 05909540. Its registered office is Unit 14a, Gainsborough Trading Estate, Rufford Road, Stourbridge, West Midlands, England, DY9 7ND.

The financial statements are presented in sterling, which is the functional currency the company.

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.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial liabilities, including trade and other debtors and creditors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts or payments discounted at a market rate of interest.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


BASE STUDIOS 1 LIMITED (REGISTERED NUMBER: 05909540)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued
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.

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

Going concern
The accounts have been drawn up on the going concern basis. The company's ongoing activities are dependent upon the continued financial support of its director, who has undertaken that this support will be given for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 186,323
Additions 160
At 31 August 2024 186,483
DEPRECIATION
At 1 September 2023 168,603
Charge for year 4,440
At 31 August 2024 173,043
NET BOOK VALUE
At 31 August 2024 13,440
At 31 August 2023 17,720

BASE STUDIOS 1 LIMITED (REGISTERED NUMBER: 05909540)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 1,120 1,345
Other debtors 1,809 7,176
2,929 8,521

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 5,000 7,797
Trade creditors 1,585 6,134
Taxation and social security 2,755 2,209
Other creditors 10,950 22,197
20,290 38,337

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 2,870 9,583