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REGISTERED NUMBER: SC258443 (Scotland)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

BT & ET LTD.

BT & ET LTD. (REGISTERED NUMBER: SC258443)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BT & ET LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: S Terry
B J Terry





REGISTERED OFFICE: Cirrus Building
6 International Avenue
ABZ Business Park Dyce Drive, Dyce
Aberdeen
Aberdeenshire
AB21 0BH





REGISTERED NUMBER: SC258443 (Scotland)





ACCOUNTANTS: Avraam Associates Limited
Chartered Accountants
495 Green Lanes
London
N13 4BS

BT & ET LTD. (REGISTERED NUMBER: SC258443)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,045 3,861
Investment property 5 1,660,000 1,660,000
1,663,045 1,663,861

CURRENT ASSETS
Debtors 6 13,523 6,026
Cash at bank 39,315 34,093
52,838 40,119
CREDITORS
Amounts falling due within one year 7 52,869 56,709
NET CURRENT LIABILITIES (31 ) (16,590 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,663,014 1,647,271

PROVISIONS FOR LIABILITIES 8 762 966
NET ASSETS 1,662,252 1,646,305

CAPITAL AND RESERVES
Called up share capital 9 700,000 700,000
Retained earnings 962,252 946,305
SHAREHOLDERS' FUNDS 1,662,252 1,646,305

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BT & ET LTD. (REGISTERED NUMBER: SC258443)

BALANCE SHEET - continued
31ST MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd October 2023 and were signed on its behalf by:




B J Terry - Director



S Terry - Director


BT & ET LTD. (REGISTERED NUMBER: SC258443)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Bt & Et Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

BT & ET LTD. (REGISTERED NUMBER: SC258443)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022
and 31st March 2023 34,550
DEPRECIATION
At 1st April 2022 30,689
Charge for year 816
At 31st March 2023 31,505
NET BOOK VALUE
At 31st March 2023 3,045
At 31st March 2022 3,861

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022
and 31st March 2023 1,660,000
NET BOOK VALUE
At 31st March 2023 1,660,000
At 31st March 2022 1,660,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 13,523 6,026

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1,979
Taxation and social security 24,533 27,018
Other creditors 28,336 27,712
52,869 56,709

BT & ET LTD. (REGISTERED NUMBER: SC258443)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 762 966

Deferred
tax
£   
Balance at 1st April 2022 966
Credit to Income Statement during year (204 )
Balance at 31st March 2023 762

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
700,000 Ordinary £1 700,000 700,000

10. ULTIMATE CONTROLLING PARTY

Ultimate controlling party are the two directors by virtue of their shareholding in BST Holdings Limited, the ultimate parent company.