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Unaudited Financial Statements |
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for the Year Ended 30 April 2017 |
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for |
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BASSROCK LIMITED |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 April 2017 |
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for |
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BASSROCK LIMITED |
BASSROCK LIMITED (REGISTERED NUMBER: 03529282) |
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Contents of the Financial Statements |
for the Year Ended 30 April 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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BASSROCK LIMITED |
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Company Information |
for the Year Ended 30 April 2017 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
18/20 Canterbury Road |
Whitstable |
Kent |
CT5 4EY |
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BANKERS: |
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Po Box 777 |
Queen Square |
Wolverhampton |
WV1 1XJ |
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SOLICITORS: |
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Lancaster House |
67 Newhall Street |
Birmingham |
B3 1NQ |
BASSROCK LIMITED (REGISTERED NUMBER: 03529282) |
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Balance Sheet |
30 April 2017 |
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30.4.17 | 30.4.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Capital redemption reserve | 9 |
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Retained earnings | 9 |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
BASSROCK LIMITED (REGISTERED NUMBER: 03529282) |
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Balance Sheet - continued |
30 April 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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BASSROCK LIMITED (REGISTERED NUMBER: 03529282) |
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Notes to the Financial Statements |
for the Year Ended 30 April 2017 |
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1. | STATUTORY INFORMATION |
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Bassrock Limited is a
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company's registered number and registered office address can be found on the Company Information |
page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Motor vehicles | - |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been |
enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured using |
tax rates and laws that have been enacted or substantively enacted by the year end and that are expected |
to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's |
pension scheme are charged to profit or loss in the period to which they relate. |
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Consolidated financial statements |
The company is exempt from the requirement to prepare consolidated financial statements by virtue of |
Section 248 of the Companies Act 1985 as the group it heads qualifies as a small group. These financial |
statements therefore present information about the company as an individual undertaking and not about |
its group. |
BASSROCK LIMITED (REGISTERED NUMBER: 03529282) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2017 |
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2. | ACCOUNTING POLICIES - continued |
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Valuation of investments |
Investments held as fixed assets are stated at cost less any provision for impairment. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Motor |
vehicles |
£ |
COST |
At 1 May 2016 |
and 30 April 2017 |
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DEPRECIATION |
At 1 May 2016 |
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Charge for year |
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At 30 April 2017 |
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NET BOOK VALUE |
At 30 April 2017 |
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At 30 April 2016 |
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5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST OR VALUATION |
At 1 May 2016 |
and 30 April 2017 |
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NET BOOK VALUE |
At 30 April 2017 |
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At 30 April 2016 |
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Cost or valuation at 30 April 2017 is represented by: |
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Other |
investments |
£ |
Valuation in 2006 | 621,997 |
Valuation in 2007 | 33,412 |
Valuation in 2008 | (155,409 | ) |
500,000 |
BASSROCK LIMITED (REGISTERED NUMBER: 03529282) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2017 |
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5. | FIXED ASSET INVESTMENTS - continued |
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If fixed asset investments had not been revalued they would have been included at the following historical |
cost: |
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30.4.17 | 30.4.16 |
£ | £ |
Cost | 746,787 | 746,787 |
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Fixed asset investments were valued on an open market basis on 30 April 2017 by the Director . |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.17 | 30.4.16 |
£ | £ |
Other debtors |
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Amount due from subsidiary |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.17 | 30.4.16 |
£ | £ |
Social security and other taxes |
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Other creditors |
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Directors' current accounts | 531 | 14,451 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.4.17 | 30.4.16 |
value: | £ | £ |
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Ordinary | £1 | 65,500 | 65,500 |
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9. | RESERVES |
Capital |
Retained | redemption |
earnings | reserve | Totals |
£ | £ | £ |
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At 1 May 2016 |
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694,914 |
Profit for the year |
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Dividends | ( |
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At 30 April 2017 |
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715,838 |
BASSROCK LIMITED (REGISTERED NUMBER: 03529282) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2017 |
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10. | RELATED PARTY DISCLOSURES |
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Related party transactions and balances |
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The company has charged £54,000 (2016 £54,000) for services to its subsidiary undertaking Duplex |
Cleaning Machines (UK) Limited. |
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11. | ULTIMATE CONTROLLING PARTY |
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The company is controlled by Mr A L Udall. |