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REGISTERED NUMBER: SC393144 (Scotland)









BAUTEIL ENGINEERING LTD.

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023






BAUTEIL ENGINEERING LTD. (REGISTERED NUMBER: SC393144)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


BAUTEIL ENGINEERING LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTORS: G Kennedy
L Kennedy



SECRETARY: L Kennedy



REGISTERED OFFICE: 15 Ledcameroch Crescent
Bearsden
Glasgow
G61 4AD



REGISTERED NUMBER: SC393144 (Scotland)



ACCOUNTANTS: russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL



BANKERS: Royal Bank of Scotland

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BAUTEIL ENGINEERING LTD.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bauteil Engineering Ltd. for the year ended 28th February 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Bauteil Engineering Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bauteil Engineering Ltd. and state those matters that we have agreed to state to the Board of Directors of Bauteil Engineering Ltd., as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bauteil Engineering Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bauteil Engineering Ltd.. You consider that Bauteil Engineering Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bauteil Engineering Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL


Date: .............................................

BAUTEIL ENGINEERING LTD. (REGISTERED NUMBER: SC393144)

BALANCE SHEET
28TH FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,032 13,526

CURRENT ASSETS
Stocks 30,049 55,901
Debtors 5 955,852 825,585
Cash at bank 1,510,702 1,454,276
2,496,603 2,335,762
CREDITORS
Amounts falling due within one year 6 109,250 15,770
NET CURRENT ASSETS 2,387,353 2,319,992
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,400,385

2,333,518

PROVISIONS FOR LIABILITIES 2,302 2,570
NET ASSETS 2,398,083 2,330,948

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 2,397,983 2,330,848
SHAREHOLDERS' FUNDS 2,398,083 2,330,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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.

BAUTEIL ENGINEERING LTD. (REGISTERED NUMBER: SC393144)

BALANCE SHEET - continued
28TH FEBRUARY 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 27th November 2023 and were signed on its behalf by:





L Kennedy - Director


BAUTEIL ENGINEERING LTD. (REGISTERED NUMBER: SC393144)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023

1. STATUTORY INFORMATION

Bauteil Engineering 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.

Going Concern
The financial statements have been prepared on the going concern basis. The directors believe that the company has adequate resources and support to continue to operate for the foreseeable future.

Turnover
The turnover shown in the profit and loss account represents the sales invoice value of goods and services supplied to the oil and gas industry, during the period, exclusive of Value Added Tax.

Tangible fixed assets
All fixed assets are initially recorded at cost.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Asset typeDepreciation rate

Fixtures & fittings20% straight line
Computer equipment33% straight line
Motor vehicles0% - 25% straight line

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.


BAUTEIL ENGINEERING LTD. (REGISTERED NUMBER: SC393144)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating leases
Rentals paid under operating leases are charged to the profit and loss account 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 for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st March 2022 2,358 29,259 10,086 41,703
Additions - - 2,505 2,505
At 28th February 2023 2,358 29,259 12,591 44,208
DEPRECIATION
At 1st March 2022 1,958 21,932 4,287 28,177
Charge for year 102 - 2,897 2,999
At 28th February 2023 2,060 21,932 7,184 31,176
NET BOOK VALUE
At 28th February 2023 298 7,327 5,407 13,032
At 28th February 2022 400 7,327 5,799 13,526

BAUTEIL ENGINEERING LTD. (REGISTERED NUMBER: SC393144)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 134,388 31,117
Other debtors 821,464 794,468
955,852 825,585

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 53,674 501
Taxation and social security 53,920 11,658
Other creditors 1,656 3,611
109,250 15,770

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
20 Ordinary £1 20 20
60 A Ordinary £1 60 60
20 B Ordinary £1 20 20
100 100

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28th February 2023 and 28th February 2022:

28.2.23 28.2.22
£    £   
L Kennedy
Balance outstanding at start of year (861 ) (834 )
Amounts advanced 5,750 834
Amounts repaid (1,042 ) (861 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,847 (861 )

G Kennedy
Balance outstanding at start of year (861 ) (834 )
Amounts advanced 5,750 834
Amounts repaid (1,042 ) (861 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,847 (861 )

This loan bears no interest and was repaid post year end.

BAUTEIL ENGINEERING LTD. (REGISTERED NUMBER: SC393144)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

9. RELATED PARTY DISCLOSURES

Included in Debtors is an amount owed by Bauteil Property Services Ltd of £813,768 (2022 - £794,468) This amount bears no interest and has no fixed repayment terms.

10. ULTIMATE CONTROLLING PARTY

The company is under the control of G. Kennedy and, his wife, L. Kennedy.