Company registration number 11294995 (England and Wales)
BARTONGATE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
BARTONGATE LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
BARTONGATE LTD
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
182,495
194,021
Tangible assets
4
60,710
73,326
243,205
267,347
Current assets
Stocks
64,393
68,103
Debtors
5
220,026
213,448
Cash at bank and in hand
71,410
151,984
355,829
433,535
Creditors: amounts falling due within one year
6
(334,674)
(477,663)
Net current assets/(liabilities)
21,155
(44,128)
Total assets less current liabilities
264,360
223,219
Provisions for liabilities
(2,674)
(2,668)
Net assets
261,686
220,551
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
261,486
220,351
Total equity
261,686
220,551
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
BARTONGATE LTD
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 30 January 2025 and are signed on its behalf by:
Khalid Hussain
Director
Company registration number 11294995 (England and Wales)
BARTONGATE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
1
Accounting policies
Company information
Bartongate Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 4 Hockley Industrial Estate, Pitsford Street, Birmingham, West Midlands, UK, B18 6PT.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.3
Intangible fixed assets - goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of twenty years.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Long leasehold
over the life of the lease
Improvements to property
10% on cost
Fixtures and fittings
18% on reducing balance
Motor vehicles
18% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
BARTONGATE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 4 -
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the yearend and that are expected to apply to the reversal of the timing difference.
1.7
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.
1.8
Government grants
No government grants in the year.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
18
15
3
Intangible fixed assets
Goodwill
£
Cost
At 1 May 2023 and 30 April 2024
230,520
Amortisation and impairment
At 1 May 2023
36,499
Amortisation charged for the year
11,526
At 30 April 2024
48,025
Carrying amount
At 30 April 2024
182,495
At 30 April 2023
194,021
BARTONGATE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 5 -
4
Tangible fixed assets
Long leasehold
Improvements to property
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 May 2023
2,763
26,696
79,549
109,008
Additions
13,315
13,315
At 30 April 2024
2,763
26,696
79,549
13,315
122,323
Depreciation and impairment
At 1 May 2023
1,105
8,748
36,748
2,397
48,998
Depreciation charged in the year
276
2,670
7,704
1,965
12,615
At 30 April 2024
1,381
11,418
44,452
4,362
61,613
Carrying amount
At 30 April 2024
1,382
15,278
35,097
8,953
60,710
At 30 April 2023
1,659
17,947
42,802
10,918
73,326
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
154,318
136,503
Other debtors
65,708
76,945
220,026
213,448
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
208,520
221,691
Corporation tax
28,101
30,616
Other taxation and social security
532
Other creditors
97,521
225,356
334,674
477,663
BARTONGATE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 6 -
7
Related party transactions
Khalid Hussain
During the year net purchases from related parties were as follows:
Globepharma Ltd
2024: £62,672.50
As at 30 April 2024 the following balances, included in trade creditors due within one year, were due to the related companies:
Globepharma Ltd
2024: £9,818.42
8
Ultimate Controllig Party
The controlling party is Khalid Hussain.