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REGISTERED NUMBER: 07305747 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

MATH SALAMANDERS LIMITED

MATH SALAMANDERS LIMITED (REGISTERED NUMBER: 07305747)

Contents of the Financial Statements
for the year ended 31 July 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

MATH SALAMANDERS LIMITED

Company Information
for the year ended 31 July 2023







Directors: C A H Pennington
Mrs S C Pennington





Registered office: 2 Larks View
Billingshurst
West Sussex
RH14 9HJ





Registered number: 07305747 (England and Wales)





Accountants: Haines Watts South East LLP
Chartered Accountants
Aissela
46 High Street
Esher
Surrey
KT10 9QY

MATH SALAMANDERS LIMITED (REGISTERED NUMBER: 07305747)

Statement of Financial Position
31 July 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 799 162

Current assets
Debtors 5 12,963 12,372
Cash at bank 11,761 25,077
24,724 37,449
Creditors
Amounts falling due within one year 6 20,890 20,633
Net current assets 3,834 16,816
Total assets less current liabilities 4,633 16,978

Capital and reserves
Called up share capital 7 100 100
Retained earnings 8 4,533 16,878
Shareholders' funds 4,633 16,978

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2023 and were signed on its behalf by:





C A H Pennington - Director


MATH SALAMANDERS LIMITED (REGISTERED NUMBER: 07305747)

Notes to the Financial Statements
for the year ended 31 July 2023


1. Statutory information

Math Salamanders Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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 profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 3 (2022 - 3 ) .

MATH SALAMANDERS LIMITED (REGISTERED NUMBER: 07305747)

Notes to the Financial Statements - continued
for the year ended 31 July 2023


4. Tangible fixed assets
Computer
equipment
£
Cost
At 1 August 2022 10,606
Additions 1,199
At 31 July 2023 11,805
Depreciation
At 1 August 2022 10,444
Charge for year 562
At 31 July 2023 11,006
Net book value
At 31 July 2023 799
At 31 July 2022 162

5. Debtors: amounts falling due within one year
2023 2022
£ £
Prepayments and accrued income 12,963 12,372

6. Creditors: amounts falling due within one year
2023 2022
£ £
Tax 18,688 18,430
Directors' loan accounts 452 503
Accrued expenses 1,750 1,700
20,890 20,633

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100

8. Reserves
Retained
earnings
£

At 1 August 2022 16,878
Profit for the year 74,655
Dividends (87,000 )
At 31 July 2023 4,533

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Math Salamanders Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Math Salamanders Limited for the year ended 31 July 2023 which comprise the Profit and Loss Account, Statement of Financial Position, Statement of Changes in Equity 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Math Salamanders 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 Math Salamanders Limited. You consider that Math Salamanders 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 Math Salamanders 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.






Haines Watts South East LLP
Chartered Accountants
Aissela
46 High Street
Esher
Surrey
KT10 9QY


16 November 2023