BASENET SERVICES LIMITED - Period Ending 2014-04-05

Registration number: 08611772

BASENET SERVICES LIMITED

Unaudited Abbreviated Accounts

for the Period from 16 July 2013 to 5 April 2014

 

Umbrella Accountants LLP
BARONS COURT MANCHESTER ROAD
WILMSLOW
CHESHIRE
SK9 1BQ

BASENET SERVICES LIMITED
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Accountants' Report to the Director(s) on the Preparation of the Unaudited Financial Statements of
BASENET SERVICES LIMITED
for the Period Ended 5 April 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of BASENET SERVICES LIMITED for the period ended 5 April 2014 set out on pages 2 to 3 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Director(s) of BASENET SERVICES LIMITED, as a body, in accordance with the terms of our engagement letter . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BASENET SERVICES LIMITED and its Director(s) as a body for our work or for this report.

It is your duty to ensure that BASENET SERVICES LIMITED 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 BASENET SERVICES LIMITED. You consider that BASENET SERVICES LIMITED is exempt from the statutory audit requirement for the period. 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.

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

Umbrella Accountants LLP
BARONS COURT MANCHESTER ROAD
WILMSLOW
CHESHIRE
SK9 1BQ

30 July 2014

Page 1

BASENET SERVICES LIMITED
(Registration number: 08611772)
Abbreviated Balance Sheet at 5 April 2014

		Note			5 April 2014 £
Current assets
Debtors					5,208
Cash at bank and in hand					17,364
					22,572
Creditors: Amounts falling due within one year					(13,038)
Net assets					9,534
Capital and reserves
Called up share capital		2			1
Profit and loss account					9,533
Shareholders' funds					9,534

For the period ending 5 April 2014 the company was entitled to exemption 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 director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by thedirector on 30 July 2014

.........................................
Mr Daniel Williams
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

BASENET SERVICES LIMITED
Notes to the Abbreviated Accounts for the Period from 16 July 2013 to 5 April 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	5 April 2014
		No.			£
Allotted and fully paid shares of £1 each		1			1

New shares allotted

During the period 1 Ordinary share having an aggregate nominal value of £1 were allotted for an aggregate consideration of £1.

Page 3