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Company Registration No. 15397223 (England and Wales)
Basil's Of Reigate Ltd Unaudited accounts for the year ended 31 January 2026
Basil's Of Reigate Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Basil's Of Reigate Ltd Company Information for the year ended 31 January 2026
Directors
Thomas James Drew Emma Petchey Gregory Mark Thomas Wildman
Company Number
15397223 (England and Wales)
Registered Office
73 High Street Reigate Surrey RH2 9AE England
Accountants
Surrey Hills Accountancy Limited The Old Workshop Longfrey Cottage Dorking Road Chilworth GU4 8RH
- 3 -
Basil's Of Reigate Ltd Statement of financial position as at 31 January 2026
2026
2025
Notes
£
£
Fixed assets
Intangible assets
4
111,927
-
Tangible assets
5
63,578
68,152
175,505
68,152
Current assets
Inventories
13,800
7,560
Debtors
6
11,421
11,477
Cash at bank and in hand
21,437
16,819
46,658
35,856
Creditors: amounts falling due within one year
7
(29,870)
(10,221)
Net current assets
16,788
25,635
Total assets less current liabilities
192,293
93,787
Creditors: amounts falling due after more than one year
8
(107,216)
-
Net assets
85,077
93,787
Capital and reserves
Called up share capital
19,600
19,600
Share premium
103,840
103,840
Profit and loss account
(38,363)
(29,653)
Shareholders' funds
85,077
93,787
For the year ending 31 January 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 6 July 2026 and were signed on its behalf by
Thomas James Drew Director Company Registration No. 15397223
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Basil's Of Reigate Ltd Notes to the Accounts for the year ended 31 January 2026
1
Statutory information
Basil's Of Reigate Ltd is a private company, limited by shares, registered in England and Wales, registration number 15397223. The registered office is 73 High Street, Reigate, Surrey, RH2 9AE, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. 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 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
4 years straight line
Fixtures & fittings
5 years straight line
Computer equipment
3 years straight line
Leased assets
Following amendments to FRS 102, the distinction between operating and finance leases for lessees has been removed. The company now recognises all material leases on the balance sheet as a right-of-use asset and a corresponding lease liability, except for short-term leases and leases of low-value assets, which continue to be expensed on a straight-line basis over the lease term. At the commencement date of a lease, the right-of-use asset is capitalised and depreciated over the lease term or the useful life of the underlying asset, if shorter. The lease liability is initially measured at the present value of future lease payments and is subsequently measured at amortised cost. Lease payments are apportioned between a finance charge and a reduction of the outstanding lease liability. The finance charge is recognised in the profit and loss account over the lease term so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 5 -
Basil's Of Reigate Ltd Notes to the Accounts for the year ended 31 January 2026
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. The lease has been amortised over the lease term of 10 years.
4
Intangible fixed assets
Other
£
Cost
At 1 February 2025
-
Additions
127,917
At 31 January 2026
127,917
Amortisation
At 1 February 2025
-
Charge for the year
15,990
At 31 January 2026
15,990
Net book value
At 31 January 2026
111,927
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 February 2025
12,160
56,882
2,159
71,201
Additions
2,709
3,861
-
6,570
At 31 January 2026
14,869
60,743
2,159
77,771
Depreciation
At 1 February 2025
904
1,973
172
3,049
Charge for the year
3,406
7,018
720
11,144
At 31 January 2026
4,310
8,991
892
14,193
Net book value
At 31 January 2026
10,559
51,752
1,267
63,578
At 31 January 2025
11,256
54,909
1,987
68,152
6
Debtors
2026
2025
£
£
Amounts falling due within one year
VAT
-
771
Accrued income and prepayments
1,234
1,456
Other debtors
937
-
2,171
2,227
Amounts falling due after more than one year
Other debtors
9,250
9,250
- 6 -
Basil's Of Reigate Ltd Notes to the Accounts for the year ended 31 January 2026
7
Creditors: amounts falling due within one year
2026
2025
£
£
VAT
9,778
-
Obligations under finance leases and hire purchase contracts
9,544
-
Trade creditors
248
1,209
Taxes and social security
3,974
-
Other creditors
5,576
867
Loans from directors
-
4,703
Accruals
750
3,442
29,870
10,221
8
Creditors: amounts falling due after more than one year
2026
2025
£
£
Obligations under finance leases and hire purchase contracts
107,216
-
9
Average number of employees
During the year the average number of employees was 8 (2025: 4).
- 7 -