Computerbasedmath.org Ltd 08120243 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is research and development activities for the purpose of a comprehensive renewal of math-related education in general education schools including the design of curricula and development of interactive electronic classroom materials together with the provision of teacher training and currriculum consulting services Digita Accounts Production Advanced 6.30.9574.0 true true 08120243 2023-01-01 2023-12-31 08120243 2023-12-31 08120243 core:CurrentFinancialInstruments 2023-12-31 08120243 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 08120243 core:FurnitureFittingsToolsEquipment 2023-12-31 08120243 bus:SmallEntities 2023-01-01 2023-12-31 08120243 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08120243 bus:FullAccounts 2023-01-01 2023-12-31 08120243 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08120243 bus:RegisteredOffice 2023-01-01 2023-12-31 08120243 bus:Director2 2023-01-01 2023-12-31 08120243 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08120243 core:FurnitureFittings 2023-01-01 2023-12-31 08120243 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 08120243 core:OfficeEquipment 2023-01-01 2023-12-31 08120243 countries:EnglandWales 2023-01-01 2023-12-31 08120243 2022-12-31 08120243 core:FurnitureFittingsToolsEquipment 2022-12-31 08120243 2022-01-01 2022-12-31 08120243 2022-12-31 08120243 core:CurrentFinancialInstruments 2022-12-31 08120243 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 08120243 core:FurnitureFittingsToolsEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 08120243

Computerbasedmath.org Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Computerbasedmath.org Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

Computerbasedmath.org Ltd

Company Information

Director

Mr Conrad Paul Wolfram

Registered office

The Wolfram Centre
Lower Road
Long Hanborough
Witney
Oxfordshire
OX29 8FD

Accountants

ReesRussell LLP
Chartered Accountants
37 Market Square
Witney
Oxfordshire
OX28 6RE

 

Computerbasedmath.org Ltd

(Registration number: 08120243)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,608

1,556

Current assets

 

Stocks

5

1,035

1,036

Debtors

6

23

2

Cash at bank and in hand

 

524,186

529,327

 

525,244

530,365

Creditors: Amounts falling due within one year

7

(2,461)

(1,643)

Net current assets

 

522,783

528,722

Net assets

 

524,391

530,278

Capital and reserves

 

Called up share capital

100

100

Retained earnings

524,291

530,178

Shareholders' funds

 

524,391

530,278

For the financial year ending 31 December 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 3 April 2024
 

.........................................
Mr Conrad Paul Wolfram
Director

 

Computerbasedmath.org Ltd

Notes to the Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Wolfram Centre
Lower Road
Long Hanborough
Witney
Oxfordshire
OX29 8FD

These financial statements were authorised for issue by the director on 3 April 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.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

 

Computerbasedmath.org Ltd

Notes to the Financial Statements for the Year Ended 31 December 2023

Tax

The tax expense for the period comprises 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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

Fixtures and fittings

10% straight line

Equipment

33% reducing balance

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.

 

Computerbasedmath.org Ltd

Notes to the Financial Statements for the Year Ended 31 December 2023

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Computerbasedmath.org Ltd

Notes to the Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

2,885

2,885

Additions

1,283

1,283

Disposals

(1,416)

(1,416)

At 31 December 2023

2,752

2,752

Depreciation

At 1 January 2023

1,329

1,329

Charge for the year

402

402

Eliminated on disposal

(587)

(587)

At 31 December 2023

1,144

1,144

Carrying amount

At 31 December 2023

1,608

1,608

At 31 December 2022

1,556

1,556

5

Stocks

2023
£

2022
£

Other inventories

1,035

1,036

6

Debtors

Current

2023
£

2022
£

Trade debtors

23

2

 

23

2

 

Computerbasedmath.org Ltd

Notes to the Financial Statements for the Year Ended 31 December 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

836

18

Accruals and deferred income

1,625

1,625

2,461

1,643