Bassingfield Limousin Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 07600698 (England and Wales)

Bassingfield Limousin Ltd

Unaudited Financial Statements

for the Year Ended 31st March 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J L Crofts

Mrs J A Crofts

REGISTERED OFFICE:

Holme Farm

Bassingfield Lane

Gamston

Nottingham

Nottinghamshire

NG2 6NJ

REGISTERED NUMBER:

07600698 (England and Wales)

ACCOUNTANTS:

Brooks Mayfield Limited

Chartered Accountants

12 Bridgford Road

West Bridgford

Nottinghamshire

NG2 6AB

FIXED ASSETS

Tangible assets

4

12,172

14,105

CURRENT ASSETS

Debtors

5

-

56

Cash at bank

395

411

395

467

CREDITORS

Amounts falling due within one year

6

(524,607

)

(523,294

)

NET CURRENT LIABILITIES

(524,212

)

(522,827

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(512,040

)

(508,722

)

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

(512,042

)

(508,724

)

SHAREHOLDERS' FUNDS

(512,040

)

(508,722

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th December 2023 and were signed on its behalf by:

Mrs J A Crofts - Director

1.	STATUTORY INFORMATION

Bassingfield Limousin Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

5% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

Plant and

and

property

property

machinery

fittings

Totals

£

£

£

£

£

COST

At 1st April 2022

and 31st March 2023

25,468

-

18,095

23,235

66,798

DEPRECIATION

At 1st April 2022

14,005

-

16,434

22,254

52,693

Charge for year

415

1,273

-

245

1,933

At 31st March 2023

14,420

1,273

16,434

22,499

54,626

NET BOOK VALUE

At 31st March 2023

11,048

(1,273

)

1,661

736

12,172

At 31st March 2022

11,463

-

1,661

981

14,105

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

-

56

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

1

-

Other creditors

524,606

523,294

524,607

523,294

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

2

Ordinary

£1

2

2