Computerbasedmath.org Ltd 08120243 false 2016-07-01 2017-06-30 2017-06-30 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 6.20.8420.0 Software true 08120243 2016-07-01 2017-06-30 08120243 2017-06-30 08120243 core:RetainedEarningsAccumulatedLosses 2017-06-30 08120243 core:ShareCapital 2017-06-30 08120243 core:CurrentFinancialInstruments 2017-06-30 08120243 core:CurrentFinancialInstruments core:WithinOneYear 2017-06-30 08120243 bus:SmallEntities 2016-07-01 2017-06-30 08120243 bus:AuditExemptWithAccountantsReport 2016-07-01 2017-06-30 08120243 bus:FullAccounts 2016-07-01 2017-06-30 08120243 bus:RegisteredOffice 2016-07-01 2017-06-30 08120243 bus:CompanySecretary1 2016-07-01 2017-06-30 08120243 bus:Director2 2016-07-01 2017-06-30 08120243 bus:PrivateLimitedCompanyLtd 2016-07-01 2017-06-30 08120243 bus:Agent1 2016-07-01 2017-06-30 08120243 countries:AllCountries 2016-07-01 2017-06-30 08120243 2015-07-01 2016-06-30 08120243 2016-06-30 08120243 core:RetainedEarningsAccumulatedLosses 2016-06-30 08120243 core:ShareCapital 2016-06-30 08120243 core:CurrentFinancialInstruments 2016-06-30 08120243 core:CurrentFinancialInstruments core:WithinOneYear 2016-06-30 iso4217:GBP xbrli:pure

Computerbasedmath.org Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2017

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

Computerbasedmath.org Ltd

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Financial Statements	4 to 6

Computerbasedmath.org Ltd

Company Information

Director

Conrad Paul Wolfram

Company secretary

Neal Harvey

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

Page 1

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Computerbasedmath.org Ltd
for the Year Ended 30 June 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Computerbasedmath.org Ltd for the year ended 30 June 2017 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Computerbasedmath.org Ltd, as a body, in accordance with the terms of our engagement letter dated 20 February 2014. Our work has been undertaken solely to prepare for your approval the accounts of Computerbasedmath.org Ltd and state those matters that we have agreed to state to the Board of Directors of Computerbasedmath.org Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Computerbasedmath.org Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Computerbasedmath.org Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Computerbasedmath.org Ltd. You consider that Computerbasedmath.org Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Computerbasedmath.org Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

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

23 March 2018

Page 2

Computerbasedmath.org Ltd

(Registration number: 08120243)
Balance Sheet as at 30 June 2017

	Note	2017 £	2016 £
Current assets
Debtors	4	15,181	2
Cash at bank and in hand		530,960	468,026
		546,141	468,028
Creditors: Amounts falling due within one year	5	(28,440)	(31,270)
Net assets		517,701	436,758
Capital and reserves
Called up share capital		100	100
Profit and loss account		517,601	436,658
Total equity		517,701	436,758

For the financial year ending 30 June 2017 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 21 March 2018
 

.........................................

Conrad Paul Wolfram

Director

The notes on pages 4 to 6 form an integral part of these financial statements.

Page 3

Computerbasedmath.org Ltd

Notes to the Financial Statements for the Year Ended 30 June 2017

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 21 March 2018.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

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.

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.

Page 4

Computerbasedmath.org Ltd

Notes to the Financial Statements for the Year Ended 30 June 2017

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 2 (2016 - 2).

4

Debtors

	2017 £	2016 £
Trade debtors	15,179	-
Other debtors	2	2
Total current trade and other debtors	15,181	2

Page 5

Computerbasedmath.org Ltd

Notes to the Financial Statements for the Year Ended 30 June 2017

5

Creditors

	Note	2017 £	2016 £
Due within one year
Taxation and social security		425	-
Other creditors		28,015	31,270
		28,440	31,270