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Company registration number: 07917861
Barton Legal Limited
Unaudited filleted financial statements
31 March 2023
Barton Legal Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Barton Legal Limited
Directors and other information
Directors W A Barton
P K Barton
Company number 07917861
Registered office 12 New Side Road
Rawdon
Leeds
LS19 6HN
Business address 12 New Road Side
Rawdon
Leeds
LS19 6HN
Accountants Howard Matthews Partnership
Queensgate House
23 North Park Road
Harrogate
North Yorkshire
HG1 5PD
Bankers LLoyds TSB
Park Row Leeds Branch
PO Box 1000
Andover
BX1 1LT
Barton Legal Limited
Statement of financial position
31 March 2023
2023 2022
Note £ £ £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 127,408 156,421
_______ _______
127,408 156,421
Current assets
Debtors 7 291,707 183,770
Cash at bank and in hand 72,363 91,495
_______ _______
364,070 275,265
Creditors: amounts falling due
within one year 8 ( 188,014) ( 129,010)
_______ _______
Net current assets 176,056 146,255
_______ _______
Total assets less current liabilities 303,464 302,676
Creditors: amounts falling due
after more than one year 9 ( 63,537) ( 93,478)
Provisions for liabilities 24,596 88,563
_______ _______
Net assets 264,523 297,761
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 264,521 297,759
_______ _______
Shareholders funds 264,523 297,761
_______ _______
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 25 October 2023 , and are signed on behalf of the board by:
W A Barton P K Barton
Director Director
Company registration number: 07917861
Barton Legal Limited
Notes to the financial statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 12 New Side Road, Rawdon, Leeds, LS19 6HN.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 10 % straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property - Straight line over the life of the lease
Fittings fixtures and equipment - 25 % reducing balance
Motor vehicles - 25 % reducing balance
Computer equipment - 20 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 12 (2022: 12 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 April 2022 and 31 March 2023 100,000 100,000
_______ _______
Amortisation
At 1 April 2022 and 31 March 2023 100,000 100,000
_______ _______
Carrying amount
At 31 March 2023 - -
_______ _______
At 31 March 2022 - -
_______ _______
6. Tangible assets
Short leasehold property Fixtures, fittings and equipment Motor vehicles Computer equipment Total
£ £ £ £ £
Cost
At 1 April 2022 199,144 27,671 99,673 25,769 352,257
Additions - - - 6,448 6,448
_______ _______ _______ _______ _______
At 31 March 2023 199,144 27,671 99,673 32,217 358,705
_______ _______ _______ _______ _______
Depreciation
At 1 April 2022 137,360 18,539 24,918 15,019 195,836
Charge for the year 8,046 2,283 18,689 6,443 35,461
_______ _______ _______ _______ _______
At 31 March 2023 145,406 20,822 43,607 21,462 231,297
_______ _______ _______ _______ _______
Carrying amount
At 31 March 2023 53,738 6,849 56,066 10,755 127,408
_______ _______ _______ _______ _______
At 31 March 2022 61,784 9,132 74,755 10,750 156,421
_______ _______ _______ _______ _______
7. Debtors
2023 2022
£ £
Trade debtors 257,330 148,277
Other debtors 34,377 35,493
_______ _______
291,707 183,770
_______ _______
8. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 12,600 30,100
Trade creditors 16,582 9,244
Corporation tax 50,366 12,879
Social security and other taxes 79,070 50,936
Other creditors 29,396 25,851
_______ _______
188,014 129,010
_______ _______
9. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors 63,537 93,478
_______ _______
10. Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
£ £
Not later than 1 year 1,800 -
Later than 1 year and not later than 5 years 3,150 -
_______ _______
4,950 -
_______ _______
11. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
W A Barton ( 2,262) - ( 2,262)
_______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
W A Barton ( 2,258) ( 4) ( 2,262)
_______ _______ _______
12. Related party transactions
During the year the company paid dividends to the directors totalling £155,000.