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REGISTERED NUMBER: 07210993 (England and Wales)














Financial Statements for the Year Ended 31 May 2024

for

La Bassine Limited

La Bassine Limited (Registered number: 07210993)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


La Bassine Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: V A Patel
C E Spruce





REGISTERED OFFICE: 1C Amberside
Wood Lane
Hemel Hempstead
Hertfordshire
HP2 4TP





REGISTERED NUMBER: 07210993 (England and Wales)





ACCOUNTANTS: Farrell & Co
1C Amberside
Wood Lane
Hemel Hempstead
Hertfordshire
HP2 4TP

La Bassine Limited (Registered number: 07210993)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 698 1,395
698 1,395

CURRENT ASSETS
Stocks 7,718 15,635
Debtors 6 113,816 103,661
Cash at bank 22,158 72,770
143,692 192,066
CREDITORS
Amounts falling due within one year 7 131,768 185,804
NET CURRENT ASSETS 11,924 6,262
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,622

7,657

PROVISIONS FOR LIABILITIES 133 265
NET ASSETS 12,489 7,392

CAPITAL AND RESERVES
Called up share capital 8 104 104
Retained earnings 9 12,385 7,288
SHAREHOLDERS' FUNDS 12,489 7,392

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

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

La Bassine Limited (Registered number: 07210993)

Balance Sheet - continued
31 May 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 9 May 2025 and were signed on its behalf by:




V A Patel - Director



C E Spruce - Director


La Bassine Limited (Registered number: 07210993)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

La Bassine Limited 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 received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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

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.

La Bassine Limited (Registered number: 07210993)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 71,522
AMORTISATION
At 1 June 2023
and 31 May 2024 71,522
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023
and 31 May 2024 12,116
DEPRECIATION
At 1 June 2023 10,721
Charge for year 697
At 31 May 2024 11,418
NET BOOK VALUE
At 31 May 2024 698
At 31 May 2023 1,395

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 1,651 -
Amounts owed by associates 76,960 33,364
Other debtors 35,205 70,297
113,816 103,661

La Bassine Limited (Registered number: 07210993)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Payments on account 264 48
Trade creditors 4,450 4,443
Taxation and social security 1,537 1,914
Other creditors 125,517 179,399
131,768 185,804

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
104 104

9. RESERVES
Retained
earnings
£   

At 1 June 2023 7,288
Profit for the year 5,097
At 31 May 2024 12,385

10. RELATED PARTY DISCLOSURES

The directors of La Bassine Limited are also the directors of La Bassine Inc. During the year La Bassine Ltd supplied goods to La Bassine Inc to the value of £513 (2023: £428). The balance owing to La Bassine Ltd at the balance sheet date is £64,353 (2023: £6,400 owed to La Bassine Inc). All transactions were at arms length.

The directors of La Bassine Limited are also the directors of La Bassine BV. During the year La Bassine Ltd supplied goods and services to La Bassine Inc to the value of £61,750 (2023: £20,534). The balance owing to La Bassine Ltd at the balance sheet date is £12,607 (2023: £33,364). All transactions were at arms length.