Company Registration No. 12335571 (England and Wales)
BTS PAVING LTD
Unaudited accounts
for the year ended 30 November 2021
BTS PAVING LTD
Unaudited accounts
Contents
BTS PAVING LTD
Company Information
for the year ended 30 November 2021
Company Number
12335571 (England and Wales)
Registered Office
27 OAKINGTON MANOR DRIVE
WEMBLEY
MIDDX
HA9 6LU
UNITED KINGDOM
Accountants
EMILIA ACCOUNTANCY LTD
58
STROUD CREDCENT
LONDON
UK
SW15 3EJ
BTS PAVING LTD
Statement of financial position
as at 30 November 2021
Tangible assets
100,975
68,047
Cash at bank and in hand
143,241
164,629
Creditors: amounts falling due within one year
(115,338)
(208,099)
Net current assets
42,434
30,529
Total assets less current liabilities
143,409
98,576
Creditors: amounts falling due after more than one year
(86,434)
(16,590)
Profit and loss account
56,975
81,986
Shareholders' funds
56,975
81,986
For the year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 May 2022 and were signed on its behalf by
Ioan FLORE
Director
Company Registration No. 12335571
BTS PAVING LTD
Notes to the Accounts
for the year ended 30 November 2021
BTS PAVING LTD is a private company, limited by shares, registered in England and Wales, registration number 12335571. The registered office is 27 OAKINGTON MANOR DRIVE, WEMBLEY, MIDDX, HA9 6LU, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
BTS PAVING LTD
Notes to the Accounts
for the year ended 30 November 2021
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 December 2020
19,250
50,000
69,250
At 30 November 2021
19,250
113,245
132,495
At 1 December 2020
1,203
-
1,203
Charge for the year
4,813
25,504
30,317
At 30 November 2021
6,016
25,504
31,520
At 30 November 2021
13,234
87,741
100,975
At 30 November 2020
18,047
50,000
68,047
Carrying values included above held under finance leases and hire purchase contracts:
£
£
5
Debtors: amounts falling due within one year
2021
2020
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
3,878
93,255
Taxes and social security
108,222
205
Loans from directors
(1,668)
38,202
7
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
28,812
-
Taxes and social security
7,622
16,590
8
Average number of employees
During the year the average number of employees was 1 (2020: 1).