Registered number
10801544
BARTONWALSH HOLDINGS LIMITED
Unaudited Filleted Accounts
31 October 2022
BARTONWALSH HOLDINGS LIMITED
Registered number: 10801544
Balance Sheet
as at 31 October 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 166,466 -
Investments 4 82,575 -
249,041 -
Current assets
Debtors 5 619,542 517,487
Cash at bank and in hand 154,419 1,585
773,961 519,072
Creditors: amounts falling due within one year 6 (107,908) (352,095)
Net current assets 666,053 166,977
Total assets less current liabilities 915,094 166,977
Creditors: amounts falling due after more than one year 7 (792,030) (42,685)
Net assets 123,064 124,292
Capital and reserves
Called up share capital 2 2
Profit and loss account 123,062 124,290
Shareholders' funds 123,064 124,292
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Barton
Director
Approved by the board on 23 August 2023
BARTONWALSH HOLDINGS LIMITED
Notes to the Accounts
for the year ended 31 October 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
Additions 166,466
At 31 October 2022 166,466
Depreciation
At 31 October 2022 -
Net book value
At 31 October 2022 166,466
4 Investments
Investments in
subsidiary
undertakings
£
Cost
Additions 82,575
At 31 October 2022 82,575
5 Debtors 2022 2021
£ £
Other debtors 619,542 517,487
6 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 27,752 5,000
Taxation and social security costs 20,240 35,740
Other creditors 59,916 311,355
107,908 352,095
7 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 234,850 42,685
Other creditors 557,180 -
792,030 42,685
8 Other information
BARTONWALSH HOLDINGS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
300 St. Mary's Road
Garston
Liverpool
Merseyside
L19 0NQ
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