Company Registration No. SC310697 (Scotland)
BASE LINE_SURVEY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2015
BASE LINE_SURVEY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
BASE LINE_SURVEY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2015
31 October 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
-
372
Current assets
Debtors
44,217
23,250
Cash at bank and in hand
38,622
12,561
82,839
35,811
Creditors: amounts falling due within one year
(25,267)
(15,759)
Net current assets
57,572
20,052
Total assets less current liabilities
57,572
20,424
Capital and reserves
Called up share capital
3
5
5
Profit and loss account
57,567
20,419
Shareholders' funds
57,572
20,424
For the financial year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 14 April 2016
Mr D W Anderson
Director
Company Registration No. SC310697
BASE LINE_SURVEY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
1.3
Turnover
Turnover consists of the sales value, excluding VAT, of work in the year under contracts to supply services to third parties, together with related expenses. It includes the relevant proportion of contract value for performance up to the year end. Sales of services are recognised when the company has provided the service to the customer and collectability of the related receivable is reasonably assured.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% straight line
Fixtures, fittings and equipment
33% straight line
1.5
Deferred taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
1.6
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
BASE LINE_SURVEY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2014
12,426
Disposals
(7,199)
At 31 October 2015
5,227
Depreciation
At 1 November 2014
12,054
On disposals
(6,868)
Charge for the year
41
At 31 October 2015
5,227
Net book value
At 31 October 2015
-
At 31 October 2014
372
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
4 Ordinary shares of £1 each
4
4
1 A Ordinary shares of £1 each
1
1
5
5