Registered number
08975930
BT Ross and Co Limited
Report and Accounts
31 March 2023
BT Ross and Co Limited
Registered number: 08975930
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,367 6,492
Current assets
Debtors 4 27,822 30,120
Cash at bank and in hand 15,745 22,531
43,567 52,651
Creditors: amounts falling due within one year 5 (45,957) (50,244)
Net current (liabilities)/assets (2,390) 2,407
Net assets 977 8,899
Capital and reserves
Called up share capital 100 100
Profit and loss account 877 8,799
Shareholders' funds 977 8,899
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sarah Ball
Director
Approved by the board on 8 October 2023
BT Ross and Co Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 25% straight line
Fixtures and fittings 25% straight line
Motor vehicles 20% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Equipment Fixtures and fittings Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 8,183 563 38,500 47,246
Additions 1,358 - - 1,358
At 31 March 2023 9,541 563 38,500 48,604
Depreciation
At 1 April 2022 6,764 563 33,427 40,754
Charge for the year 903 - 3,580 4,483
At 31 March 2023 7,667 563 37,007 45,237
Net book value
At 31 March 2023 1,874 - 1,493 3,367
At 31 March 2022 1,419 - 5,073 6,492
4 Debtors 2023 2022
£ £
Trade debtors 17,598 24,900
Amounts owed by group undertakings and undertakings in which the company has a participating interest 10,209 5,209
Other debtors 15 11
27,822 30,120
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,590 1,982
Taxation and social security costs 35,101 39,058
Other creditors 9,266 9,204
45,957 50,244
6 Related party transactions
During the period the company paid dividends to its parent company, Ball Ventures Ltd, of £90,000 (2022 £95,000). The directors of BT Ross and Co Ltd own 100% of the share capital in Ball Ventures Ltd.
7 Controlling party
The company is controlled by its parent company, Ball Ventures Ltd, in which T and S Ball are directors and shareholders.
8 Other information
BT Ross and Co Limited is a private company limited by shares and incorporated in England. Its registered office is:
Tyndale House
15 Merton Road
Bedford
MK40 3AF
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