2022-10-012023-09-302023-09-30false03569193BATEMAN FINANCIAL MANAGEMENT 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BATEMAN FINANCIAL MANAGEMENT LIMITED

Registered Number
03569193
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2023

BATEMAN FINANCIAL MANAGEMENT LIMITED
Company Information
for the year from 1 October 2022 to 30 September 2023

Director

BATEMAN, Richard Lionel

Registered Address

Scawns House
Menheniot
Liskeard
PL14 3QP

Registered Number

03569193 (England and Wales)
BATEMAN FINANCIAL MANAGEMENT LIMITED
Balance Sheet as at
30 September 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets646,17651,307
Tangible assets722,82222,840
68,99874,147
Current assets
Debtors851,83310,672
Cash at bank and on hand17,769408
69,60211,080
Creditors amounts falling due within one year9(39,400)(31,968)
Net current assets (liabilities)30,202(20,888)
Total assets less current liabilities99,20053,259
Provisions for liabilities10(21,705)(4,982)
Net assets77,49548,277
Capital and reserves
Called up share capital22
Profit and loss account77,49348,275
Shareholders' funds77,49548,277
The financial statements were approved and authorised for issue by the Director on 20 February 2024, and are signed on its behalf by:
BATEMAN, Richard Lionel
Director
Registered Company No. 03569193
BATEMAN FINANCIAL MANAGEMENT LIMITED
Notes to the Financial Statements
for the year ended 30 September 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company was financial management services.
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Intangible assets policy
Goodwill is capitalised at cost or valuation, net of amortisation and any provision for impairment. Goodwill is being amortised on a straight line basis over a period of 10 years - its estimated useful life.
Revenue recognition policy
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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year88
6.Intangible assets

Total

£
Cost or valuation
At 01 October 22148,952
At 30 September 23148,952
Amortisation and impairment
At 01 October 2297,645
Charge for year5,131
At 30 September 23102,775
Net book value
At 30 September 2346,176
At 30 September 2251,307
7.Property, plant and equipment

Total

£
Cost or valuation
At 01 October 2237,065
Additions1,248
At 30 September 2338,313
Depreciation and impairment
At 01 October 2214,225
Charge for year1,266
At 30 September 2315,491
Net book value
At 30 September 2322,822
At 30 September 2222,840
8.Debtors

2023

2022

££
Trade debtors / trade receivables51,81310,652
Other debtors2020
Total51,83310,672
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.
9.Creditors within one year

2023

2022

££
Amounts owed to related parties-18,531
Taxation and social security19,31279
Other creditors16,1409,974
Accrued liabilities and deferred income3,9483,384
Total39,40031,968
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.
10.Provisions for liabilities

2023

2022

££
Other provisions21,7054,982
Total21,7054,982