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Registration number: 10454937

Barton Blakeley Technologies Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Barton Blakeley Technologies Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Barton Blakeley Technologies Limited

Company Information

Director

Christopher Barton

Registered office

Rothamsted Research, West Common
Harpenden
Hertfordshire
AL5 2JQ

Accountants

IA Accountants
9 Barlings Road
Harpenden
Herts
AL5 2AL

 

Barton Blakeley Technologies Limited

(Registration number: 10454937)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

895,738

657,724

Tangible assets

5

54,056

78,625

 

949,794

736,349

Current assets

 

Debtors

6

119,486

105,533

Cash at bank and in hand

 

22,162

40,413

 

141,648

145,946

Creditors: Amounts falling due within one year

7

(379,306)

(96,433)

Net current (liabilities)/assets

 

(237,658)

49,513

Total assets less current liabilities

 

712,136

785,862

Creditors: Amounts falling due after more than one year

7

(879,435)

(779,435)

Net (liabilities)/assets

 

(167,299)

6,427

Capital and reserves

 

Called up share capital

8

1,187

1,177

Share premium reserve

689,238

652,388

Retained earnings

(857,724)

(647,138)

Shareholders' (deficit)/funds

 

(167,299)

6,427

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 January 2024
 

 

Barton Blakeley Technologies Limited

(Registration number: 10454937)
Balance Sheet as at 30 November 2023

.........................................
Christopher Barton
Director

   
     
 

Barton Blakeley Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Rothamsted Research, West Common
Harpenden
Hertfordshire
AL5 2JQ
England

These financial statements were authorised for issue by the director on 18 January 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis, on the understanding that the shareholders will continue to financially support the company for the foresseable future.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Barton Blakeley Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

20% per annum

Intangible assets

Intangible assets are either patents or projects that are expected to be revenue generating in future years

Amortisation

Amortisation is provided on intangible assets so as to write off the cost over the revenue generating life of the project once the project becomes revenue generating. The intangibles are reviewed each year and written off to the extend they are no longer expected to become revenue generating.

Asset class

Amortisation method and rate

Intangible assets

Amortised over the revenue generating life of the asset

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Barton Blakeley Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2022 - 5).

 

Barton Blakeley Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 December 2022

657,724

657,724

Additions internally developed

238,014

238,014

At 30 November 2023

895,738

895,738

Amortisation

Carrying amount

At 30 November 2023

895,738

895,738

At 30 November 2022

657,724

657,724

5

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 December 2022

9,550

143,546

153,096

Additions

3,921

3,710

7,631

At 30 November 2023

13,471

147,256

160,727

Depreciation

At 1 December 2022

6,594

67,877

74,471

Charge for the year

2,694

29,506

32,200

At 30 November 2023

9,288

97,383

106,671

Carrying amount

At 30 November 2023

4,183

49,873

54,056

At 30 November 2022

2,956

75,669

78,625

6

Debtors

Current

2023
£

2022
£

Prepayments

9,442

2,042

Other debtors

110,044

103,491

 

Barton Blakeley Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

220,000

-

Trade creditors

 

79,782

41,599

Taxation and social security

 

44,590

21,133

Accruals and deferred income

 

11,408

11,785

Other creditors

 

23,526

21,916

 

379,306

96,433

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

879,435

779,435

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

1,187

1,187

1,177

1,177

         

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

879,435

779,435

2023
£

2022
£

Current loans and borrowings

Other borrowings

220,000

-