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Statement of Consent to Prepare Abridged Financial Statements
All of the members of BTL Solutions Limited have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 28 February 2018 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER: 09991425
BTL Solutions Limited
Unaudited Abridged Financial Statements
28 February 2018
BTL Solutions Limited
Abridged Financial Statements
Year ended 28 February 2018
Contents
Page
Strategic report
1
Directors' report
2
Abridged statement of comprehensive income
3
Abridged statement of financial position
4
Statement of changes in equity
5
Notes to the abridged financial statements
6
The following pages do not form part of the abridged financial statements
Detailed abridged income statement
9
Notes to the detailed abridged income statement
10
BTL Solutions Limited
Strategic Report
Year ended 28 February 2018
This report was approved by the board of directors on 13 November 2018 and signed on behalf of the board by:
Miss L Gonzi
Director
Registered office:
2 Lords Court
Cricketers Way
Basildon
Essex
SS13 1SS
BTL Solutions Limited
Directors' Report
Year ended 28 February 2018
The directors present their report and the unaudited abridged financial statements of the company for the year ended 28 February 2018 .
Directors
The directors who served the company during the year were as follows:
Miss L Gonzi
Mr A Tose
Dividends
The directors do not recommend the payment of a dividend.
This report was approved by the board of directors on 13 November 2018 and signed on behalf of the board by:
Miss L Gonzi
Director
Registered office:
2 Lords Court
Cricketers Way
Basildon
Essex
SS13 1SS
BTL Solutions Limited
Abridged Statement of Comprehensive Income
Year ended 28 February 2018
2018
2017
Note
£
£
Gross profit
6,632
13,749
Administrative expenses
6,670
15,536
-------
--------
Operating loss
( 38)
( 1,787)
Other interest receivable and similar income
5
100
-------
--------
Loss before taxation
( 38)
( 1,687)
Tax on loss
----
-------
Loss for the financial year and total comprehensive income
( 38)
( 1,687)
----
-------
All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the year as set out above.
BTL Solutions Limited
Abridged Statement of Financial Position
28 February 2018
2018
2017
Note
£
£
Current assets
Cash at bank and in hand
493
2,087
Creditors: amounts falling due within one year
2,068
3,624
-------
-------
Net current liabilities
1,575
1,537
-------
-------
Total assets less current liabilities
( 1,575)
( 1,537)
-------
-------
Net liabilities
( 1,575)
( 1,537)
-------
-------
Capital and reserves
Called up share capital
150
150
Profit and loss account
( 1,725)
( 1,687)
-------
-------
Members deficit
( 1,575)
( 1,537)
-------
-------
These abridged financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 28 February 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
These abridged financial statements were approved by the board of directors and authorised for issue on 13 November 2018 , and are signed on behalf of the board by:
Miss L Gonzi
Director
Company registration number: 09991425
BTL Solutions Limited
Statement of Changes in Equity
Year ended 28 February 2018
Called up share capital
Profit and loss account
Total
£
£
£
At 1 March 2016
Loss for the year
( 1,687)
( 1,687)
----
-------
-------
Total comprehensive income for the year
( 1,687)
( 1,687)
Issue of shares
150
150
----
-------
-------
Total investments by and distributions to owners
150
150
At 28 February 2017
150
( 1,687)
( 1,537)
Loss for the year
( 38)
( 38)
----
-------
-------
Total comprehensive income for the year
( 38)
( 38)
----
-------
-------
At 28 February 2018
150
( 1,725)
( 1,575)
----
-------
-------
BTL Solutions Limited
Notes to the Abridged Financial Statements
Year ended 28 February 2018
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Lords Court, Cricketers Way, Basildon, Essex, SS13 1SS.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial instruments
A financial asset or a financial liability is recognised only when the company 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. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2017: 2 ).
5. Other interest receivable and similar income
2018
2017
£
£
Interest on cash and cash equivalents
100
----
----
BTL Solutions Limited
Management Information
Year ended 28 February 2018
The following pages do not form part of the abridged financial statements.
BTL Solutions Limited
Detailed Abridged Income Statement
Year ended 28 February 2018
2018
2017
£
£
Turnover
Sales
6,632
13,749
-------
--------
Gross profit
6,632
13,749
Overheads
Administrative expenses
6,670
15,536
-------
--------
Operating loss
( 38)
( 1,787)
Other interest receivable and similar income
100
----
-------
Loss before taxation
(38)
(1,687)
----
-------
BTL Solutions Limited
Notes to the Detailed Abridged Income Statement
Year ended 28 February 2018
2018
2017
£
£
Administrative expenses
Wages and salaries
2,154
Insurance
679
788
Repairs and maintenance
156
465
Travel and subsistence
90
166
Telephone
558
724
Subscriptions
35
719
Printing postage and stationery
81
909
Advertising
3,906
5,523
Legal and professional fees
1,588
Accountancy fees
600
600
Bank charges
87
-------
--------
6,105
13,723
-------
--------
Other interest receivable and similar income
Interest on cash and cash equivalents
100
----
----