Company registration number 11254786 (England and Wales)
MR BARTON MATHS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
PAGES FOR FILING WITH REGISTRAR
MR BARTON MATHS LIMITED
CONTENTS
Page
Accountants' report
1
Statement of financial position
2 - 3
Statement of changes in equity
4
Notes to the financial statements
5 - 8
MR BARTON MATHS LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MR BARTON MATHS LIMITED FOR THE YEAR ENDED 31 MARCH 2022
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mr Barton Maths Limited for the year ended 31 March 2022 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation

This report is made solely to the Board of Directors of Mr Barton Maths Limited, as a body, in accordance with the terms of our engagement letter dated 2 October 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Mr Barton Maths Limited and state those matters that we have agreed to state to the Board of Directors of Mr Barton Maths Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mr Barton Maths Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Mr Barton Maths Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mr Barton Maths Limited. You consider that Mr Barton Maths Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mr Barton Maths Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Bishops Chartered Accountants
14 September 2022
Chartered Accountants
Phoenix Park
Blakewater Road
Blackburn
Lancashire
BB1 5BG
MR BARTON MATHS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2022
31 March 2022
- 2 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
4
-
0
351
Investments
5
346,752
287,171
346,752
287,522
Current assets
Debtors
7
18,423
17,316
Cash at bank and in hand
127,189
160,178
145,612
177,494
Creditors: amounts falling due within one year
8
(22,491)
(53,925)
Net current assets
123,121
123,569
Total assets less current liabilities
469,873
411,091
Provisions for liabilities
-
0
(66)
Net assets
469,873
411,025
Capital and reserves
Called up share capital
100
100
Non-distributable profits reserve
46,047
41,858
Distributable profit and loss reserves
423,726
369,067
Total equity
469,873
411,025

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

MR BARTON MATHS LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 MARCH 2022
31 March 2022
- 3 -
The financial statements were approved and signed by the director and authorised for issue on 14 September 2022
Mr C Barton
Director
Company Registration No. 11254786
MR BARTON MATHS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2022
- 4 -
Share capital
Non-distri-butable profits
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 April 2020
100
(19,049)
263,939
244,990
Year ended 31 March 2021:
Profit and total comprehensive income for the year
-
60,907
107,128
168,035
Dividends
-
-
(2,000)
(2,000)
Balance at 31 March 2021
100
41,858
369,067
411,025
Year ended 31 March 2022:
Profit and total comprehensive income for the year
-
4,189
56,659
60,848
Dividends
-
-
(2,000)
(2,000)
Balance at 31 March 2022
100
46,047
423,726
469,873
MR BARTON MATHS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
- 5 -
1
Accounting policies
Company information

Mr Barton Maths Limited is a private company limited by shares incorporated in England and Wales. The registered office is 60 Dallington Avenue, Leyland, Lancashire, PR25 5AG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

 

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

MR BARTON MATHS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
1
Accounting policies
(Continued)
- 6 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

 

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

 

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

MR BARTON MATHS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
1
Accounting policies
(Continued)
- 7 -
1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2022
2021
Number
Number
Total
1
1
4
Tangible fixed assets
Computers
£
Cost
At 1 April 2021 and 31 March 2022
1,318
Depreciation and impairment
At 1 April 2021
967
Depreciation charged in the year
351
At 31 March 2022
1,318
Carrying amount
At 31 March 2022
-
0
At 31 March 2021
351
MR BARTON MATHS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 8 -
5
Fixed asset investments
2022
2021
£
£
Other investments other than loans
346,752
287,171
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 April 2021
287,171
Additions
50,000
Valuation changes
4,189
Dividends & Interest Received
5,392
At 31 March 2022
346,752
Carrying amount
At 31 March 2022
346,752
At 31 March 2021
287,171
6
Financial instruments
2022
2021
£
£
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
346,752
287,171
7
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
17,974
17,316
Other debtors
449
-
0
18,423
17,316
8
Creditors: amounts falling due within one year
2022
2021
£
£
Corporation tax
14,340
39,498
Other taxation and social security
6,663
10,943
Other creditors
1,488
3,484
22,491
53,925
2022-03-312021-04-01false14 September 2022CCH SoftwareCCH Accounts Production 2022.200No description of principal activityMr Craig Barton112547862021-04-012022-03-31112547862022-03-31112547862021-03-3111254786core:ComputerEquipment2022-03-3111254786core:ComputerEquipment2021-03-3111254786core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-3111254786core:CurrentFinancialInstrumentscore:WithinOneYear2021-03-3111254786core:CurrentFinancialInstruments2022-03-3111254786core:CurrentFinancialInstruments2021-03-3111254786core:ShareCapital2022-03-3111254786core:ShareCapital2021-03-3111254786core:FurtherSpecificReserve1ComponentTotalEquity2022-03-3111254786core:FurtherSpecificReserve1ComponentTotalEquity2021-03-3111254786core:RetainedEarningsAccumulatedLosses2022-03-3111254786core:RetainedEarningsAccumulatedLosses2021-03-3111254786core:ShareCapital2020-03-3111254786core:FurtherSpecificReserve1ComponentTotalEquity2020-03-3111254786core:RetainedEarningsAccumulatedLosses2020-03-31112547862020-03-3111254786bus:Director12021-04-012022-03-3111254786core:RetainedEarningsAccumulatedLosses2020-04-012021-03-31112547862020-04-012021-03-3111254786core:RetainedEarningsAccumulatedLosses2021-04-012022-03-3111254786core:ComputerEquipment2021-04-012022-03-3111254786core:ComputerEquipment2021-03-3111254786core:WithinOneYear2022-03-3111254786core:WithinOneYear2021-03-3111254786bus:PrivateLimitedCompanyLtd2021-04-012022-03-3111254786bus:SmallCompaniesRegimeForAccounts2021-04-012022-03-3111254786bus:FRS1022021-04-012022-03-3111254786bus:AuditExemptWithAccountantsReport2021-04-012022-03-3111254786bus:FullAccounts2021-04-012022-03-31xbrli:purexbrli:sharesiso4217:GBP