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REGISTERED NUMBER: 06843111 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

BTP ENVIRONMENTAL SERVICES LIMITED

BTP ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 06843111)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BTP ENVIRONMENTAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: S R Neville





REGISTERED OFFICE: Enterprise House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS





REGISTERED NUMBER: 06843111 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

BTP ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 06843111)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 78,213 77,636

CURRENT ASSETS
Stocks 11,817 13,176
Debtors 6 100,405 80,524
Cash at bank 186,544 147,933
298,766 241,633
CREDITORS
Amounts falling due within one year 7 76,355 69,580
NET CURRENT ASSETS 222,411 172,053
TOTAL ASSETS LESS CURRENT
LIABILITIES

300,624

249,689

CREDITORS
Amounts falling due after more than one year 8 (4,892 ) (26,989 )

PROVISIONS FOR LIABILITIES 9 (14,860 ) (14,751 )
NET ASSETS 280,872 207,949

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 280,772 207,849
SHAREHOLDERS' FUNDS 280,872 207,949

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

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

The director acknowledges his 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.

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 director and authorised for issue on 16 November 2023 and were signed by:





S R Neville - Director


BTP ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 06843111)

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

1. STATUTORY INFORMATION

BTP Environmental Services Limited is a private company, limited by shares , registered in England and Wales. 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

After making enquires, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly the director continues to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

BTP ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 06843111)

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

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Business bounce back loan scheme
The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak. The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% of the loan and there are no fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% per annum.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 April 2022 12,065 8,429 85,370 2,584 108,448
Additions 778 - 22,409 1,294 24,481
At 31 March 2023 12,843 8,429 107,779 3,878 132,929
Depreciation
At 1 April 2022 7,526 1,579 21,091 616 30,812
Charge for year 1,257 1,713 20,273 661 23,904
At 31 March 2023 8,783 3,292 41,364 1,277 54,716
Net book value
At 31 March 2023 4,060 5,137 66,415 2,601 78,213
At 31 March 2022 4,539 6,850 64,279 1,968 77,636

BTP ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 06843111)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 April 2022
and 31 March 2023 23,030
Depreciation
At 1 April 2022 6,117
Charge for year 4,228
At 31 March 2023 10,345
Net book value
At 31 March 2023 12,685
At 31 March 2022 16,913

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 88,781 72,393
Other debtors 919 575
Prepayments and accrued income 10,705 7,556
100,405 80,524

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 5,686
Hire purchase contracts 4,892 4,892
Trade creditors 10,449 8,716
Corporation tax 27,001 23,477
Social security and other taxes 5,344 3,746
VAT 22,446 17,656
Other creditors 2,665 3,002
Director's loan account 1,690 845
Accruals and deferred income 1,868 1,560
76,355 69,580

Obligations held under hire purchase are secured on the assets concerned.

The bank loan is 100% guaranteed by the government in line with the COVID scheme rules with interest being charged at 0% in year one and 2.5% per annum thereafter.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years - 17,204
Hire purchase contracts 4,892 9,785
4,892 26,989

BTP ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 06843111)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

Obligations held under hire purchase are secured on the assets concerned.

The bank loan is 100% guaranteed by the government in line with the COVID scheme rules with interest being charged at 0% in year one and 2.5% per annum thereafter.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 14,860 14,751

Deferred
tax
£   
Balance at 1 April 2022 14,751
Capital allowances in excess
of depreciation 109
Balance at 31 March 2023 14,860

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

All shares rank pari-passu in all respects.

11. RELATED PARTY DISCLOSURES

Included within creditors is an amount of £1,690 (2022: £845) due to S R Neville, director. Interest of £Nil has been charged on this balance during the year (2022: £Nil) and there are no set repayment terms.