BASCO Data Limited - Abbreviated accounts 16.1

BASCO Data Limited - Abbreviated accounts 16.1


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REGISTERED NUMBER: 05024739 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

BASCO DATA LIMITED

BASCO DATA LIMITED (REGISTERED NUMBER: 05024739)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

BASCO DATA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTORS: J Yates
I W D Kerr
R M Greig
D J McKerrow
G Green





REGISTERED OFFICE: c/o British Limousin Cattle Society
Concorde House
24 Warwick New Road
Leamington Spa
Warwickshire
CV32 5JG





REGISTERED NUMBER: 05024739 (England and Wales)





ACCOUNTANTS: Management & Accounting Solutions
45 Styvechale Avenue
Earlsdon
Coventry
CV5 6DW

BASCO DATA LIMITED (REGISTERED NUMBER: 05024739)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 121,971 176,339

CURRENT ASSETS
Debtors 52,552 26,842
Cash at bank 40,737 14,430
93,289 41,272
CREDITORS
Amounts falling due within one year 103,593 76,527
NET CURRENT LIABILITIES (10,304 ) (35,255 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,667

141,084

CAPITAL AND RESERVES
Called up share capital 3 240,000 240,000
Profit and loss account (128,333 ) (98,916 )
SHAREHOLDERS' FUNDS 111,667 141,084

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 22 September 2016 and were signed on
its behalf by:





D J McKerrow - Director


BASCO DATA LIMITED (REGISTERED NUMBER: 05024739)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

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

Database - 20% on cost and 10% on cost
Computer equipment - 33% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 962,026
Additions 53,920
At 31 March 2016 1,015,946
DEPRECIATION
At 1 April 2015 785,687
Charge for year 108,288
At 31 March 2016 893,975
NET BOOK VALUE
At 31 March 2016 121,971
At 31 March 2015 176,339

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
24,000 'A' Ordinary £10 240,000 240,000