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REGISTERED NUMBER: 12813390 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

First Base Ground Screws UK Ltd

First Base Ground Screws UK Ltd (Registered number: 12813390)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


First Base Ground Screws UK Ltd

COMPANY INFORMATION
for the year ended 31 December 2024







Director: C S Gisbers





Registered office: Unit 1, Midland Trading Estate
Consul Road
Rugby
CV21 1PB





Registered number: 12813390 (England and Wales)





Accountants: Websters
129 North Hill
Plymouth
Devon
PL4 8JY

First Base Ground Screws UK Ltd (Registered number: 12813390)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 61,979 37,769

Current assets
Stocks 153,076 217,075
Debtors 5 145,617 50,956
Cash at bank 179,061 170,277
477,754 438,308
Creditors
Amounts falling due within one year 6 107,617 129,047
Net current assets 370,137 309,261
Total assets less current liabilities 432,116 347,030

Provisions for liabilities 7 9,176 4,410
Net assets 422,940 342,620

Capital and reserves
Called up share capital 8 100 100
Retained earnings 422,840 342,520
Shareholders' funds 422,940 342,620

First Base Ground Screws UK Ltd (Registered number: 12813390)

BALANCE SHEET - continued
31 December 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 May 2025 and were signed by:





C S Gisbers - Director


First Base Ground Screws UK Ltd (Registered number: 12813390)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024

1. STATUTORY INFORMATION

First Base Ground Screws UK 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.

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 receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of goods have transferred to the buyer. Turnover from the rendering of services is recognised by the 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.

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 - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.


First Base Ground Screws UK Ltd (Registered number: 12813390)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 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.

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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.

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.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

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

First Base Ground Screws UK Ltd (Registered number: 12813390)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 January 2024 37,105 700 17,850 3,577 59,232
Additions 12,583 - 25,000 - 37,583
At 31 December 2024 49,688 700 42,850 3,577 96,815
Depreciation
At 1 January 2024 12,157 217 7,568 1,521 21,463
Charge for year 7,382 94 5,486 411 13,373
At 31 December 2024 19,539 311 13,054 1,932 34,836
Net book value
At 31 December 2024 30,149 389 29,796 1,645 61,979
At 31 December 2023 24,948 483 10,282 2,056 37,769

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 132,622 23,026
Amounts owed by group undertakings - 280
Other debtors 12,995 27,650
145,617 50,956

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 24,323 17,219
Taxation and social security 56,008 90,168
Other creditors 27,286 21,660
107,617 129,047

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 9,176 4,410

First Base Ground Screws UK Ltd (Registered number: 12813390)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 4,410
Provided during year 4,766
Balance at 31 December 2024 9,176

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
51 Ordinary A £1 51 51
49 Ordinary B £1 49 49
100 100

9. ULTIMATE CONTROLLING PARTY

The company is controlled by First Base Ground Screws International BV, the parent company, registered in the Netherlands whose registered office is, Liessentstraat 9, 5405AH Uden.

The ultimate holding company is Joris Holding BV, a company registered in the Netherlands.