2023-03-31-accounts - Basics Plus

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Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2023

for Basics Plus

Basics Plus

Contents of the Financial Statements for the Year Ended 31 March 2023

	Page
Company Information	1
Report of the Director	2
Income Statement	3
Balance Sheet	4
Notes to the Financial Statements	5
Trading and Profit and Loss Account	6

Basics Plus

for the Year Ended 31 March 2023

SECRETARY:

REGISTERED OFFICE:

REGISTERED NUMBER:

ACCOUNTANTS:

Betton Farm Racecourse Road East Ayton Scarborough North Yorkshire YO13 9HT

03884643 (England and Wales)

Philip Burley & Co Chartered Accountants 28 Bagdale Whitby North Yorkshire YO21 1QL

Page 1

Basics Plus

Report of the Director

for the Year Ended 31 March 2023

The director presents report with the financial statements of the company for the year ended 31 March 2023.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of

DIRECTOR

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

.................................................................... Director

Date: .............................................

Page 2

Basics Plus

Income Statement

for the Year Ended 31 March 2023

TURNOVER Cost of sales GROSS (LOSS)/PROFIT OPERATING (LOSS)/PROFIT and (LOSS)/PROFIT BEFORE TAXATION Tax on (loss)/profit (LOSS)/PROFIT FOR THE FINANCIAL YEAR	31.3.23 £ 447,775 482,142 (34,367) (34,367) - (34,367)	31.3.22 £ 512,265 441,717 70,548 70,548 - 70,548

The notes form part of these financial statements

Page 3

Basics Plus (Registered number: 03884643)

Balance Sheet

31 March 2023

Notes CURRENT ASSETS Debtors 3 TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES Retained earnings	31.3.23 £ 123,341 123,341 123,341 123,341	31.3.22 £ 157,708 157,708 157,708 157,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges 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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on ............................................. and were signed by:

....................................................................

Director

The notes form part of these financial statements

Page 4

Basics Plus

Notes to the Financial Statements for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Basics Plus is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

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.

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.

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

	31.3.23	31.3.22
	£	£
Trade debtors	123,341	157,708

Page 5

Basics Plus

Trading and Profit and Loss Account for the Year Ended 31 March 2023 31.3.23 £ Sales Cost of sales Purchases GROSS (LOSS)/PROFIT NET (LOSS)/PROFIT	31.3.22 £ £ 447,775 482,142 (34,367) (34,367)	£ 512,265 441,717 70,548 70,548

This page does not form part of the statutory financial statements

Page 6