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Company Registration No. 3714758 (England and Wales)
IBASE SYSTEMS LIMITED Unaudited accounts for the year ended 28 February 2026
IBASE SYSTEMS LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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IBASE SYSTEMS LIMITED Company Information for the year ended 28 February 2026
Directors
Ian Angus Laughlin Mark Turner
Company Number
3714758 (England and Wales)
Registered Office
THE COBB, MUSTER POINT FEATHERBED LANE EAST HENDRED WANTAGE OX12 8JF ENGLAND
Accountants
Swash & Co Boston House Grove Business Park Wantage Oxfordshire OX12 9FF
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IBASE SYSTEMS LIMITED Statement of financial position as at 28 February 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
273
1,073
Current assets
Debtors
5
490
478
Cash at bank and in hand
19,618
14,058
20,108
14,536
Creditors: amounts falling due within one year
6
(17,481)
(16,743)
Net current assets/(liabilities)
2,627
(2,207)
Total assets less current liabilities
2,900
(1,134)
Creditors: amounts falling due after more than one year
7
(374,203)
(374,203)
Net liabilities
(371,303)
(375,337)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(371,403)
(375,437)
Shareholders' funds
(371,303)
(375,337)
For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2026 and were signed on its behalf by
Mark Turner Director Company Registration No. 3714758
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IBASE SYSTEMS LIMITED Notes to the Accounts for the year ended 28 February 2026
1
Statutory information
IBASE SYSTEMS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 3714758. The registered office is THE COBB, MUSTER POINT FEATHERBED LANE, EAST HENDRED, WANTAGE, OX12 8JF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 March 2025
3,201
At 28 February 2026
3,201
Depreciation
At 1 March 2025
2,128
Charge for the year
800
At 28 February 2026
2,928
Net book value
At 28 February 2026
273
At 28 February 2025
1,073
5
Debtors
2026
2025
£
£
Amounts falling due within one year
VAT
490
478
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IBASE SYSTEMS LIMITED Notes to the Accounts for the year ended 28 February 2026
6
Creditors: amounts falling due within one year
2026
2025
£
£
Taxes and social security
150
-
Loans from directors
(1,509)
(1,307)
Accruals
840
800
Deferred income
18,000
17,250
17,481
16,743
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Amounts owed to group undertakings and other participating interests
374,203
374,203
8
Average number of employees
During the year the average number of employees was 1 (2025: 1).
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