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REGISTERED NUMBER: 04225994 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2024

for

BASP Ltd.
Trading as
The British Association Of Seed
Producers

BASP Ltd. (Registered number: 04225994)
Trading as The British Association Of Seed
Producers






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




Page

Company Information 1

Balance Sheet 2

Statement of Changes in Equity 3

Notes to the Financial Statements 4


BASP Ltd.
Trading as The British Association Of Seed
Producers

Company Information
for the Year Ended 31 December 2024







DIRECTORS: R F Monk
R A Hall
P W Gorringe
J N Fairey
D T Stovin
M J Wells
M W Brown
S A Leighton
A J Williams
R J Salmon
R Turner
N Friend
F Denne
R Gilder


SECRETARY: W R A Welling


REGISTERED OFFICE: 16 Brookside
Scopwick
Lincoln
LN4 3PA


REGISTERED NUMBER: 04225994 (England and Wales)


ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
The Old Stables
Sutton Manor Farm
Bishop's Sutton
Alresford
Hampshire
SO24 0AA


BANKERS: National Westminster Bank Plc
PO Box 1733
Andover
Hampshire
SP10 1TH

BASP Ltd. (Registered number: 04225994)
Trading as The British Association Of Seed
Producers

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 5,149 715
Cash at bank 13,869 22,810
19,018 23,525
CREDITORS
Amounts falling due within one year 5 1,212 7,796
NET CURRENT ASSETS 17,806 15,729
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,806

15,729

RESERVES
Income and expenditure account 6 17,806 15,729
17,806 15,729

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 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 surplus or deficit 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 and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 July 2025 and were signed on its behalf by:





R F Monk - Director


BASP Ltd. (Registered number: 04225994)
Trading as The British Association Of Seed
Producers

Statement of Changes in Equity
for the Year Ended 31 December 2024

Retained Total
earnings equity
£    £   
Balance at 1 January 2023 13,612 13,612

Changes in equity
Total comprehensive income 2,117 2,117
Balance at 31 December 2023 15,729 15,729

Changes in equity
Total comprehensive income 2,077 2,077
Balance at 31 December 2024 17,806 17,806

BASP Ltd. (Registered number: 04225994)
Trading as The British Association Of Seed
Producers

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

1. STATUTORY INFORMATION

BASP Ltd. is a private company, limited by guarantee , 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 consideration received or receivable, excluding discounts, rebates and other sales taxes.

3. EMPLOYEES

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,856 -
VAT 293 715
5,149 715

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 6,600
Corporation tax 487 496
Other creditors 725 700
1,212 7,796

6. RESERVES
Income
and
expenditure
account
£   

At 1 January 2024 15,729
Surplus for the year 2,077
At 31 December 2024 17,806

BASP Ltd. (Registered number: 04225994)
Trading as The British Association Of Seed
Producers

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

7. MEMBERSHIP

The company is limited by guarantee and does not have a share capital. Each member undertaking to contribute to the company, if necessary, an amount not exceeding £1.

The directors estimate that the number of members as at 31st December 2024 was:

2024 2023
£ £
Merchant and Associate Members 10 12
Advisory Membership 4 7
Growers Members 46 52
60 73