Registration number: 09202949

Bascomb & Drew Maintenance Ltd

Contents

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

Bascomb & Drew Maintenance Ltd

Company Information

Directors

Mr William Griffith Mr Andrew Paul Dean Mr Blake Anthony Buckingham

Registered office

16 Allied Way London W3 0RQ

Accountants

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

Bascomb & Drew Maintenance Ltd

(Registration number: 09202949)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	32,845	40,897
Current assets
Stocks	5	14,300	14,300
Debtors	6	2,022,320	853,301
Cash at bank and in hand		179,948	563,103
		2,216,568	1,430,704
Creditors: Amounts falling due within one year	7	(1,167,290)	(1,069,542)
Net current assets		1,049,278	361,162
Total assets less current liabilities		1,082,123	402,059
Creditors: Amounts falling due after more than one year	7	(1,026)	(6,898)
Provisions for liabilities		(7,226)	(8,967)
Net assets		1,073,871	386,194
Capital and reserves
Called up share capital		100	100
Retained earnings		1,073,771	386,094
Shareholders' funds		1,073,871	386,194

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 21 July 2025 and signed on its behalf by:
 

......................................... Mr William Griffith Director

Bascomb & Drew Maintenance 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 Maintenance 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
Fixtures and fittings	Reducing balance at 25%
Motor vehicles	Reducing balance at 25%
Computer equipment	Cost at 33%

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 11 (2024 - 8).

Bascomb & Drew Maintenance Ltd

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

4	Tangible assets

	Fixtures and fittings £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	4,290	8,463	124,629	137,382
Additions	6,176	3,333	-	9,509
At 31 March 2025	10,466	11,796	124,629	146,891
Depreciation
At 1 April 2024	3,886	6,430	86,169	96,485
Charge for the year	1,645	2,101	13,815	17,561
At 31 March 2025	5,531	8,531	99,984	114,046
Carrying amount
At 31 March 2025	4,935	3,265	24,645	32,845
At 31 March 2024	404	2,033	38,460	40,897

5

Stocks

	2025 £	2024 £
Other inventories	14,300	14,300

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		669,086	96,637
Amounts owed by related parties	10	1,343,080	755,000
Prepayments		2,520	1,564
Other debtors		7,634	100
		2,022,320	853,301

Bascomb & Drew Maintenance 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	5,872	13,873
Trade creditors		344,170	167,164
Amounts owed to related parties	10	350,236	350,236
Taxation and social security		451,534	283,107
Other creditors		15,478	255,162
		1,167,290	1,069,542

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	1,026	6,898

A charge is registered over the company's assets by HSBC Bank PLC.

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	1,026	6,898

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	5,872	13,873

9	Leasing agreements

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

	2025  £	2024  £
Within one year	13,569	2,848
Between one and five years	19,223	-
	32,792	2,848

Bascomb & Drew Maintenance Ltd

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

10	Related party transactions

Transactions with directors Debtors include the following amounts which are owed from individuals who were directors of the company during the year:

2025	At 1 April 2024 £	At 31 March 2025 £
Mr William Griffith
Loan	50	50
Mr Andrew Paul Dean
Loan	50	50

2024	At 1 April 2023 £	At 31 March 2024 £
Mr William Griffith
Loan	50	50
Mr Andrew Paul Dean
Loan	50	50

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

Included within debtors is an inter-company loan of £755,000 (2024: £755,000) due from Bascomb & Drew Developments Ltd which has the same directors as Bascomb & Drew Maintenance Ltd.

Included within debtors is an inter-company loan of £588,080 due from Bascomb & Drew Propco Ltd which has the same directors as Bascomb & Drew Maintenance Ltd.

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 Maintenance 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 Maintenance 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 Maintenance 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 Maintenance Ltd and state those matters that we have agreed to state to the Board of Directors of Bascomb & Drew Maintenance 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 Maintenance 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 Maintenance 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 Maintenance Ltd. You consider that Bascomb & Drew Maintenance 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 Maintenance 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

21 July 2025