| Bas Interiors Ltd |
| Registered number: |
06517097 |
| Balance Sheet |
| as at 28 February 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
496 |
|
|
794 |
|
| Current assets |
| Stocks |
|
|
15,244 |
|
|
- |
| Debtors |
5 |
|
9,010 |
|
|
11,505 |
|
|
|
24,254 |
|
|
11,505 |
|
| Creditors: amounts falling due within one year |
6 |
|
(31,774) |
|
|
(27,733) |
|
| Net current liabilities |
|
|
|
(7,520) |
|
|
(16,228) |
|
| Total assets less current liabilities |
|
|
|
(7,024) |
|
|
(15,434) |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(17,446) |
|
|
(23,466) |
|
| Provisions for liabilities |
|
|
|
(94) |
|
|
(151) |
|
|
| Net liabilities |
|
|
|
(24,564) |
|
|
(39,051) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,000 |
|
|
1,000 |
| Profit and loss account |
|
|
|
(25,564) |
|
|
(40,051) |
|
| Shareholders' funds |
|
|
|
(24,564) |
|
|
(39,051) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Pawel Bas |
| Director |
| Approved by the board on 4 September 2025 |
|
| Bas Interiors Ltd |
| Notes to the Accounts |
| for the year ended 28 February 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 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 |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
over 50 years |
|
Leasehold land and buildings |
over the lease term |
|
Plant and machinery |
over 4 years |
|
Fixtures, fittings, tools and equipment |
over 4 years |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), 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. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Current and deferred tax liabilities are not discounted. |
|
|
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. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 March 2024 |
5,000 |
|
At 28 February 2025 |
5,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 March 2024 |
5,000 |
|
At 28 February 2025 |
5,000 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 March 2024 |
5,220 |
|
7,250 |
|
12,470 |
|
At 28 February 2025 |
5,220 |
|
7,250 |
|
12,470 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2024 |
4,426 |
|
7,250 |
|
11,676 |
|
Charge for the year |
298 |
|
- |
|
298 |
|
At 28 February 2025 |
4,724 |
|
7,250 |
|
11,974 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2025 |
496 |
|
- |
|
496 |
|
At 29 February 2024 |
794 |
|
- |
|
794 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Prepaid labour |
9,010 |
|
11,505 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
24,428 |
|
19,010 |
|
Trade creditors |
854 |
|
673 |
|
Taxation and social security costs |
1,734 |
|
6,604 |
|
Other creditors |
4,758 |
|
1,446 |
|
|
|
|
|
|
31,774 |
|
27,733 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
17,446 |
|
23,466 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
Bas Interiors Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
9 Vallis Way |
|
London |
|
W13 0DD |