Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 01955778 Mr Nicholas Budibent Mr John Budibent Mr Giles Budibent true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01955778 2022-12-31 01955778 2023-12-31 01955778 2023-01-01 2023-12-31 01955778 frs-core:CurrentFinancialInstruments 2023-12-31 01955778 frs-core:Non-currentFinancialInstruments 2023-12-31 01955778 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 01955778 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01955778 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 01955778 frs-core:MotorVehicles 2023-12-31 01955778 frs-core:MotorVehicles 2023-01-01 2023-12-31 01955778 frs-core:MotorVehicles 2022-12-31 01955778 frs-core:PlantMachinery 2023-12-31 01955778 frs-core:PlantMachinery 2023-01-01 2023-12-31 01955778 frs-core:PlantMachinery 2022-12-31 01955778 frs-core:ShareCapital 2023-12-31 01955778 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 01955778 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01955778 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 01955778 frs-bus:SmallEntities 2023-01-01 2023-12-31 01955778 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01955778 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01955778 1 2023-01-01 2023-12-31 01955778 frs-bus:Director1 2023-01-01 2023-12-31 01955778 frs-bus:Director2 2023-01-01 2023-12-31 01955778 frs-bus:Director3 2023-01-01 2023-12-31 01955778 frs-countries:EnglandWales 2023-01-01 2023-12-31 01955778 2021-12-31 01955778 2022-12-31 01955778 2022-01-01 2022-12-31 01955778 frs-core:CurrentFinancialInstruments 2022-12-31 01955778 frs-core:Non-currentFinancialInstruments 2022-12-31 01955778 frs-core:ShareCapital 2022-12-31 01955778 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 01955778
Barton, Brownsdon & Sadler Limited
Financial Statements
For The Year Ended 31 December 2023
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 01955778
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 423,102 436,288
423,102 436,288
CURRENT ASSETS
Stocks 5 511,002 713,727
Debtors 6 352,855 496,181
Cash at bank and in hand 48,223 69,993
912,080 1,279,901
Creditors: Amounts Falling Due Within One Year 7 (856,701 ) (1,172,569 )
NET CURRENT ASSETS (LIABILITIES) 55,379 107,332
TOTAL ASSETS LESS CURRENT LIABILITIES 478,481 543,620
Creditors: Amounts Falling Due After More Than One Year 8 (222,065 ) (288,770 )
NET ASSETS 256,416 254,850
CAPITAL AND RESERVES
Called up share capital 9 60,950 60,950
Profit and Loss Account 195,466 193,900
SHAREHOLDERS' FUNDS 256,416 254,850
Page 1
Page 2
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nicholas Budibent
Director
18/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Barton, Brownsdon & Sadler Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01955778 . The registered office is Unit 16 Star Road, Partridge Green, West Sussex, RH13 8RA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold
Plant & Machinery depreciated at 20% on cost.
Motor Vehicles depreciated at 20% on cost.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 3 4
Sales, marketing and distribution 3 1
6 5
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 January 2023 380,005 58,642 39,350 477,997
Additions - 3,183 - 3,183
As at 31 December 2023 380,005 61,825 39,350 481,180
...CONTINUED
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Depreciation
As at 1 January 2023 - 32,157 9,552 41,709
Provided during the period - 8,503 7,866 16,369
As at 31 December 2023 - 40,660 17,418 58,078
Net Book Value
As at 31 December 2023 380,005 21,165 21,932 423,102
As at 1 January 2023 380,005 26,485 29,798 436,288
5. Stocks
2023 2022
£ £
Stock 511,002 713,727
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 348,797 490,788
Other debtors 4,058 5,393
352,855 496,181
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 269,969 459,949
Bank loans and overdrafts 456,231 578,502
Corporation tax 38,913 24,201
VAT 89,823 97,414
Other creditors 1,765 12,503
856,701 1,172,569
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 222,065 288,770
222,065 288,770
10. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid 119,000 107,000
119,000 107,000
11. Ultimate Controlling Party
The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.
Page 4