Accounts filed on 28-02-2014

BASE HANDLING PRODUCTS LTD - Company Information

true 04325394 BASE HANDLING PRODUCTS LTD 2014-02-28 66546 74864 166371 166371 91507 8318 99825 Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years. 54791 73207 344984 338745 6239 265538 290193 24655 121337 148071 52883 Stock is valued at the lower of cost and net realisable value. 106115 226612 114102 218570 112155 8042 1947 787 904 280282 221121 382875 343024 122698 46230 85534 156811 88834 102422 85809 37561 -102593 -121903 18744 26168 5236 Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. 8250 12185 Government Grants are recognised in the Profit and Loss Account so as to match the expenditure towards which they are intended to contribute. To the extent that the grant is made as a contribution to a fixed asset, the directors have adopted the FRSSE which states that grant income be treated as deferred income. 15873 1323 2045 300 300 Ordinary 1.00 300 300 300 1023 1745 1323 2045 true true true true 2014-06-05 Mr Ernest Pitt 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 Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. Plant and Machinery Straight Line 15.00 Motor vehicles Straight Line 25.00 Office Equipment Straight Line 20.00 Leasehold Land and Buildings Straight Line 20.00 Furniture Straight Line 10.00 During the year all directors used a current account with the company to record amounts due to them and amounts drawn by them. The account shows an amount owing back to Andrew Pitt as a director as at 28th February 2014 of £41.87 (2013: £82.12). The accounts show an amount owing back to Ernest Pitt as a director as at 28th February 2013 of £1,640.72 (2013: £14,597.72). Also included within the loan account balance is the loan account with the company secretary, Elizabeth Pitt. The balance is overdrawn as at the 28th February 2014 by £297.64 (2013: £395.64). Elizabeth Pitt is Company Secretary, shareholder and employee of Base Handling Products Ltd and is also Spouse of the Company Director Ernest Pitt. During the year the wages costs of £7676.00 (2013: £6120.00) were incurred in relation to Elizabeth Pitt as an employee. Ultimate controlling party Mr Andrew Pitt, Mr Ernest Pitt and Mrs Elizabeth Pitt each hold one third of the share capital of the company. Therefore together they are the company's ultimate controlling party. Unrecognised Income and Associated Costs It is the custom of the Company to take deposits in advance of completion of contracts. Where the contract is not completed and the Company does not have a right to the consideration, the income is not recognised in accordance with the provisions of the FRSSE (2008). At 28 February 2014 the income so unrecognised amounted to £83,121.20 (2013: £75,235.80) (note 9 above). Where costs have been incurred in respect of these contracts they have been included as Work in Progress. At 28 February 2014 these costs amounted to £24,600.45 (2013: £21,765.00). Pensions The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. xbrli:shares xbrli:pure iso4217:GBP iso4217:GBP BASE HANDLING PRODUCTS LTD 2013-03-012014-02-28 BASE HANDLING PRODUCTS LTD 2012-03-01 2013-02-28 BASE HANDLING PRODUCTS LTD 2013-03-01 BASE HANDLING PRODUCTS LTD 2014-02-28 BASE HANDLING PRODUCTS LTD 2012-03-01 BASE HANDLING PRODUCTS LTD 2013-02-28 2014-11-03