Registration number: 04052186

Bascomb & Drew Ltd.

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7
Accountants' Report	8

Bascomb & Drew Ltd.

Company Information

Directors

Mrs Fiona Dean Mr William Griffith Mr Blake Anthony Buckingham Mr Andrew Paul Dean Mrs Maja M Griffith

Company secretary

Mr William Griffith

Registered office

Keephatch Farmhouse Clover Close Wokingham Berkshire RG40 5PU

Accountants

EQ Accountants Ltd Unit 4B Gateway Business Park Beancross Road Grangemouth FK3 8WX

Bascomb & Drew Ltd.

(Registration number: 04052186)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	126,623	77,756
Current assets
Stocks	5	227,251	177,777
Debtors	6	1,426,078	597,328
Cash at bank and in hand		331,142	137,635
		1,984,471	912,740
Creditors: Amounts falling due within one year	7	(959,074)	(590,006)
Net current assets		1,025,397	322,734
Total assets less current liabilities		1,152,020	400,490
Creditors: Amounts falling due after more than one year	7	(39,757)	(29,366)
Provisions for liabilities		(27,857)	(17,106)
Net assets		1,084,406	354,018
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		1,083,406	353,018
Shareholders' funds		1,084,406	354,018

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 September 2025 and signed on its behalf by:
 

......................................... Mr Andrew Paul Dean Director

Bascomb & Drew Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Bascomb & Drew Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	Reducing balance at 25%
Fixtures and fittings	Reducing balance at 25%
Motor vehicles	Reducing balance at 25%
Computer equipment	Cost at 33%

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3	Employees and Directors

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

Bascomb & Drew Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	1,264	987	4,671	138,427	145,349
Additions	-	-	765	95,654	96,419
Disposals	-	-	-	(20,539)	(20,539)
At 31 March 2025	1,264	987	5,436	213,542	221,229
Depreciation
At 1 April 2024	1,114	750	3,836	61,893	67,593
Charge for the year	38	59	753	41,829	42,679
Eliminated on disposal	-	-	-	(15,666)	(15,666)
At 31 March 2025	1,152	809	4,589	88,056	94,606
Carrying amount
At 31 March 2025	112	178	847	125,486	126,623
At 31 March 2024	150	237	835	76,534	77,756

5

Stocks

	2025 £	2024 £
Work in progress	218,251	168,777
Other inventories	9,000	9,000
	227,251	177,777

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		739,692	-
Amounts owed by related parties	10	686,386	597,328
		1,426,078	597,328

Bascomb & Drew Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	47,913	27,601
Trade creditors		125,259	11,746
Taxation and social security		670,478	194,764
Other creditors		115,424	355,895
		959,074	590,006

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	39,757	29,366

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	39,757	29,366

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	47,913	27,601

9	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
 

	2025  £	2024  £
Within one year	3,622	10,648
Between one and five years	-	3,622
	3,622	14,270

Bascomb & Drew Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

10	Related party transactions

Creditors include the following amounts which are owed to individuals who were directors of the company during the year:

	2025  £	2024  £
Mr William Griffith	5,130	1,005
Mr Andrew Paul Dean	4,667	310
	9,797	1,315

The directors current accounts are repayable on demand.

Included within other debtors is an inter-company loan of £350,235 (2024:£350,235) due from Bascomb & Drew Maintenance Ltd, a company which has the same directors as Bascomb & Drew Limited.

Included within other debtors is an inter-company loan of £248,112 (2024:£247,092) due from Bascomb & Drew Developments Ltd, a company which has the same directors as Bascomb & Drew Limited.

Included within other debtors is an inter-company loan of £88,039 (2024:£nil) due from Bascomb & Drew Propco Ltd, a company which has the same directors as Bascomb & Drew Limited.

All Inter-company loans are repayable on demand.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Bascomb & Drew Ltd.
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bascomb & Drew Ltd. for the year ended 31 March 2025 as set out on pages 2 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Bascomb & Drew Ltd., as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Bascomb & Drew Ltd. and state those matters that we have agreed to state to the Board of Directors of Bascomb & Drew Ltd., as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bascomb & Drew Ltd. and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Bascomb & Drew Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Bascomb & Drew Ltd.. You consider that Bascomb & Drew Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Bascomb & Drew Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

EQ Accountants Ltd
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

17 September 2025