Abbreviated Company Accounts - BASEMATH LIMITED

Registered Number 07944684

BASEMATH LIMITED

Abbreviated Accounts

29 February 2016

BASEMATH LIMITED Registered Number 07944684

Abbreviated Balance Sheet as at 29 February 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		100	100
Fixed assets
Tangible assets	2	2,269	990
		2,269	990
Current assets
Debtors		14,700	20,550
Cash at bank and in hand		7,058	327
		21,758	20,877
Creditors: amounts falling due within one year		(10,937)	(12,393)
Net current assets (liabilities)		10,821	8,484
Total assets less current liabilities		13,190	9,574
Total net assets (liabilities)		13,190	9,574
Capital and reserves
Called up share capital		100	100
Profit and loss account		13,090	9,474
Shareholders' funds		13,190	9,574

For the year ending 29 February 2016 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 8 November 2016

And signed on their behalf by:
OYESOLA ODERINDE, Director

BASEMATH LIMITED Registered Number 07944684

Notes to the Abbreviated Accounts for the period ended 29 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents invoiced value of goods and services supplied by the company, net of value added tax and trade discounts

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives.
Plant and machinery 25% straight line

2Tangible fixed assets

	£
Cost
At 1 March 2015	2,820
Additions	2,645
Disposals	-
Revaluations	-
Transfers	-
At 29 February 2016	5,465
Depreciation
At 1 March 2015	1,830
Charge for the year	1,366
On disposals	-
At 29 February 2016	3,196
Net book values
At 29 February 2016	2,269
At 28 February 2015	990