Baseform Ltd - Abbreviated accounts 16.3

Baseform Ltd - Abbreviated accounts 16.3

BASEFORM LTD - Company Information

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REGISTERED NUMBER: 08021563 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

Baseform Ltd

Baseform Ltd (Registered number: 08021563)

Contents of the Abbreviated Accounts
for the year ended 30 September 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Baseform Ltd

Company Information
for the year ended 30 September 2016







DIRECTORS: B H Gormley
M F Ryan





REGISTERED OFFICE: 56 Luton Road
Chalton
Luton
Bedfordshire
LU4 9UG





REGISTERED NUMBER: 08021563 (England and Wales)





ACCOUNTANTS: Ashbys Chartered Accountants
Morton House
9 Beacon Court
Pitstone Green Business Park
Pitstone
LU7 9GY
Page 1
Baseform Ltd (Registered number: 08021563)

Abbreviated Balance Sheet
30 September 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 15,033 20,180

CURRENT ASSETS
Stocks 17,997 30,000
Debtors 3 114,524 81,800
Cash at bank and in hand 4,217 5,958
136,738 117,758
CREDITORS
Amounts falling due within one year 78,701 81,246
NET CURRENT ASSETS 58,037 36,512
TOTAL ASSETS LESS CURRENT
LIABILITIES
73,070
56,692

PROVISIONS FOR LIABILITIES 1,494 2,359
NET ASSETS 71,576 54,333

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 71,574 54,331
SHAREHOLDERS' FUNDS 71,576 54,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 notes form part of these abbreviated accounts

Page 2 continued...
Baseform Ltd (Registered number: 08021563)

Abbreviated Balance Sheet - continued
30 September 2016


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 29 June 2017 and were signed on its behalf by:





M F Ryan - Director


The notes form part of these abbreviated accounts

Page 3
Baseform Ltd (Registered number: 08021563)

Notes to the Abbreviated Accounts
for the year ended 30 September 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, except in respect of service
contracts where turnover is recognised when the company obtains the right to consideration.

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

Plant and machinery etc - 25% on reducing balance and 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015
and 30 September 2016 31,139
DEPRECIATION
At 1 October 2015 10,959
Charge for year 5,147
At 30 September 2016 16,106
NET BOOK VALUE
At 30 September 2016 15,033
At 30 September 2015 20,180

3. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 8,740 (2015 - £ 4,651 )

Page 4 continued...
Baseform Ltd (Registered number: 08021563)

Notes to the Abbreviated Accounts - continued
for the year ended 30 September 2016


4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2 Ordinary £1 2 2

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2016 and
30 September 2015:

2016 2015
£    £   
M F Ryan
Balance outstanding at start of year 17,869 18,605
Amounts advanced 14,054 -
Amounts repaid (17,869 ) (736 )
Balance outstanding at end of year 14,054 17,869

Loans to the directors are subject to interest at the HM Revenue & Customs official rate and are repayable on
demand.

Page 5