Computerbasedmath.org Ltd 08120243 false 2024-01-01 2024-12-31 2024-12-31 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 08120243 2024-01-01 2024-12-31 08120243 2024-12-31 08120243 core:CurrentFinancialInstruments 2024-12-31 08120243 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 08120243 core:FurnitureFittingsToolsEquipment 2024-12-31 08120243 bus:SmallEntities 2024-01-01 2024-12-31 08120243 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 08120243 bus:FilletedAccounts 2024-01-01 2024-12-31 08120243 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08120243 bus:RegisteredOffice 2024-01-01 2024-12-31 08120243 bus:Director2 2024-01-01 2024-12-31 08120243 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08120243 bus:Agent1 2024-01-01 2024-12-31 08120243 core:FurnitureFittings 2024-01-01 2024-12-31 08120243 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 08120243 core:OfficeEquipment 2024-01-01 2024-12-31 08120243 countries:EnglandWales 2024-01-01 2024-12-31 08120243 2023-12-31 08120243 core:FurnitureFittingsToolsEquipment 2023-12-31 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 iso4217:GBP xbrli:pure

Registration number: 08120243

Computerbasedmath.org Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

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 Accountants37 Market Square
Witney
Oxfordshire
OX28 6RE

 

Computerbasedmath.org Ltd

(Registration number: 08120243)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,336

1,608

Current assets

 

Stocks

5

1,013

1,035

Debtors

6

9

23

Cash at bank and in hand

 

528,426

524,186

 

529,448

525,244

Creditors: Amounts falling due within one year

7

(1,653)

(2,461)

Net current assets

 

527,795

522,783

Net assets

 

530,131

524,391

Capital and reserves

 

Called up share capital

100

100

Retained earnings

530,031

524,291

Shareholders' funds

 

530,131

524,391

For the financial year ending 31 December 2024 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 and 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 23 July 2025
 

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

 

Computerbasedmath.org Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

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 23 July 2025.

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.

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 2024

Tax

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.

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.

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.

 

Computerbasedmath.org Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

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 (2023 - 1).

 

Computerbasedmath.org Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

2,752

2,752

Additions

1,572

1,572

Disposals

(943)

(943)

At 31 December 2024

3,381

3,381

Depreciation

At 1 January 2024

1,144

1,144

Charge for the year

844

844

Eliminated on disposal

(943)

(943)

At 31 December 2024

1,045

1,045

Carrying amount

At 31 December 2024

2,336

2,336

At 31 December 2023

1,608

1,608

5

Stocks

2024
£

2023
£

Other inventories

1,013

1,035

6

Debtors

Current

2024
£

2023
£

Trade debtors

2

23

Other debtors

7

-

 

9

23

 

Computerbasedmath.org Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

28

836

Accruals and deferred income

1,625

1,625

1,653

2,461