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REGISTERED NUMBER: 10204632 (England and Wales)















Financial Statements for the Year Ended 31 May 2023

for

Btpsec Ltd

Btpsec Ltd (Registered number: 10204632)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Btpsec Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: O Erdogan
Mrs H E Erdogan





REGISTERED OFFICE: 22 Ebony Crescent
London
EN4 8FF





REGISTERED NUMBER: 10204632 (England and Wales)





ACCOUNTANTS: Musalar & Co Accountants
International Accountant &Tax Consultant
FAIA, FFA, FCPA, FFTA
536 Lordship Lane
London
N22 5BY

Btpsec Ltd (Registered number: 10204632)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 989 989

CURRENT ASSETS
Debtors 5 10,230 10,134
Cash at bank 8,708 27,326
18,938 37,460
CREDITORS
Amounts falling due within one year 6 234 1,435
NET CURRENT ASSETS 18,704 36,025
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,693

37,014

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 8 18,693 36,014
SHAREHOLDERS' FUNDS 19,693 37,014

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Btpsec Ltd (Registered number: 10204632)

Balance Sheet - continued
31 May 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 13 February 2024 and were signed on its behalf by:





O Erdogan - Director


Btpsec Ltd (Registered number: 10204632)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Btpsec Ltd 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

Btpsec Ltd (Registered number: 10204632)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 June 2022 2,181
Additions 545
At 31 May 2023 2,726
DEPRECIATION
At 1 June 2022 1,192
Charge for year 545
At 31 May 2023 1,737
NET BOOK VALUE
At 31 May 2023 989
At 31 May 2022 989

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 10,134 10,134
VAT 96 -
10,230 10,134

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors - 1
Tax 234 234
Other creditors - 1,200
234 1,435

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
1,000 Ordinary 1.00 1,000 1,000

Btpsec Ltd (Registered number: 10204632)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. RESERVES
Retained
earnings
£   

At 1 June 2022 36,014
Deficit for the year (14,285 )
Dividends (3,036 )
At 31 May 2023 18,693