Barton Solutions Limited Filleted accounts for Companies House (small and micro)
Barton Solutions Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
07696386
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For the year ended |
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Statement of Financial Position |
2021 |
2020 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
4 |
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Current assets
Debtors |
5 |
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Cash at bank and in hand |
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---- |
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Creditors: amounts falling due within one year |
6 |
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Net current liabilities |
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--------- |
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Total assets less current liabilities |
(
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(
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Capital and reserves
Called up share capital |
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Profit and loss account |
(
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(
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-------- |
------- |
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Shareholders deficit |
(
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(
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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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
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
9 May 2022
, and are signed on behalf of the board by:
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Director |
Company registration number:
07696386
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Notes to the Financial Statements |
Year ended 31 July 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hyde House, The Hyde, Edgware Road, London, NW9 6LA.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Investment property
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Tangible assets
Land and buildings |
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£ |
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Cost |
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At 1 August 2020 |
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Additions |
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Disposals |
(
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At 31 July 2021 |
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Depreciation |
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At 1 August 2020 and 31 July 2021 |
– |
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Carrying amount |
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At 31 July 2021 |
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At 31 July 2020 |
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The directors consider the market value at 31 July 2021 of the freehold investment properties to be equal to the cost plus directly attributable costs.
5.
Debtors
2021 |
2020 |
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£ |
£ |
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Other debtors |
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6.
Creditors:
amounts falling due within one year
2021 |
2020 |
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£ |
£ |
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Corporation tax |
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Other creditors |
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7.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
Balance brought forward and outstanding |
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2021 |
2020 |
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£ |
£ |
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(
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(
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