1 0 0 0 false false false false false false false false false true false false false false false false No description of principal activity 2022-03-01 Sage Accounts Production Advanced 2021 - FRS102_2021 278 xbrli:pure xbrli:shares iso4217:GBP 13202653 2022-03-01 2023-02-28 13202653 2023-02-28 13202653 2021-02-16 2022-02-28 13202653 2022-02-28 13202653 bus:RegisteredOffice 2022-03-01 2023-02-28 13202653 bus:Director1 2022-03-01 2023-02-28 13202653 core:ShareCapital 2021-02-16 2022-02-28 13202653 core:RetainedEarningsAccumulatedLosses 2021-02-16 2022-02-28 13202653 core:WithinOneYear 2023-02-28 13202653 core:WithinOneYear 2022-02-28 13202653 core:ShareCapital 2023-02-28 13202653 core:ShareCapital 2022-02-28 13202653 core:RetainedEarningsAccumulatedLosses 2023-02-28 13202653 core:RetainedEarningsAccumulatedLosses 2022-02-28 13202653 core:RestatedAmount 2022-02-28 13202653 core:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 13202653 bus:SmallEntities 2022-03-01 2023-02-28 13202653 bus:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 13202653 bus:FullAccounts 2022-03-01 2023-02-28 13202653 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 13202653 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28
COMPANY REGISTRATION NUMBER: 13202653
BTC Merchants UK Ltd
Unaudited Financial Statements
28 February 2023
BTC Merchants UK Ltd
Financial Statements
Year ended 28 February 2023
Contents
Page
Director's report
1
Statement of comprehensive income
2
Statement of financial position
3
Statement of changes in equity
4
Notes to the financial statements
5
BTC Merchants UK Ltd
Director's Report
Year ended 28 February 2023
The director presents his report and the unaudited financial statements of the company for the year ended 28 February 2023 .
Director
The director who served the company during the year was as follows:
Mr O Amar
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 7 November 2023 and signed on behalf of the board by:
Mr O Amar
Director
Registered office:
The Innovation Centre
Brunswick St
BB9 0PQ
BTC Merchants UK Ltd
Statement of Comprehensive Income
Year ended 28 February 2023
Period from
Year to
16 Feb 21 to
28 Feb 23
28 Feb 22
Note
£
£
Turnover
444
Cost of sales
422
----
----
Gross profit
22
Administrative expenses
300
----
----
Operating loss
( 278)
----
----
Loss before taxation
( 278)
Tax on loss
----
----
Loss for the financial year and total comprehensive income
( 278)
----
----
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.
BTC Merchants UK Ltd
Statement of Financial Position
28 February 2023
2023
2022
Note
£
£
Creditors: amounts falling due within one year
5
178
178
----
----
Net current liabilities
178
178
----
----
Total assets less current liabilities
( 178)
( 178)
----
----
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 278)
( 278)
----
----
Shareholders deficit
( 178)
( 178)
----
----
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 28 February 2023 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 7 November 2023 , and are signed on behalf of the board by:
Mr O Amar
Director
Company registration number: 13202653
BTC Merchants UK Ltd
Statement of Changes in Equity
Year ended 28 February 2023
Called up share capital
Profit and loss account
Total
£
£
£
At 16 February 2021
Loss for the year
( 278)
( 278)
----
----
----
Total comprehensive income for the year
( 278)
( 278)
Issue of shares
100
100
----
----
----
Total investments by and distributions to owners
100
100
At 28 February 2022
100
( 278)
( 178)
Profit for the year
----
----
----
At 28 February 2023
100
( 278)
( 178)
----
----
----
BTC Merchants UK Ltd
Notes to the Financial Statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Innovation Centre, Brunswick St, BB9 0PQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The 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 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 1 (2022: 1 ).
5. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
5
5
Other creditors
173
173
----
----
178
178
----
----