Base Antenna Systems Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: SC388040 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

FOR

BASE ANTENNA SYSTEMS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

F J MacFadyen

S J Rattray

REGISTERED OFFICE:

Standard Buildings (4th Floor)

94 Hope Street

Glasgow

G2 6PH

REGISTERED NUMBER:

SC388040 (Scotland)

ACCOUNTANTS:

Kean Jarman & Company

Chartered Accountants

27 Ingram Street

Glasgow

G1 1HA

FIXED ASSETS

Tangible assets

2

2,043

2,723

CURRENT ASSETS

Stocks

800

1,700

Debtors

75,044

84,470

Cash at bank

28,892

22,140

104,736

108,310

CREDITORS

Amounts falling due within one year

57,281

55,608

NET CURRENT ASSETS

47,455

52,702

TOTAL ASSETS LESS CURRENT
LIABILITIES

49,498

55,425

CAPITAL AND RESERVES

Called up share capital

3

Profit and loss account

49,495

55,422

SHAREHOLDERS' FUNDS

49,498

55,425

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 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 18 August 2017 and were signed on its behalf by:

F J MacFadyen - Director

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.

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

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

and 30 November 2016

6,257

DEPRECIATION

At 1 December 2015

3,534

Charge for year

680

At 30 November 2016

4,214

NET BOOK VALUE

At 30 November 2016

2,043

At 30 November 2015

2,723

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

1

Ordinary A

1

Ordinary B

1

Ordinary C

1

3