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REGISTERED NUMBER: 03584803 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

BUSINESS TECHNOLOGY SUPPORT LIMITED

BUSINESS TECHNOLOGY SUPPORT LIMITED (REGISTERED NUMBER: 03584803)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BUSINESS TECHNOLOGY SUPPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: D Bairner





SECRETARY: A Turner





REGISTERED OFFICE: Brook House
Downmill Road
Bracknell
Berkshire
RG12 1QS





REGISTERED NUMBER: 03584803 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
The Lightbox
87 Castle Street
Reading
Berkshire
RG1 7SN

BUSINESS TECHNOLOGY SUPPORT LIMITED (REGISTERED NUMBER: 03584803)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 221,880 226,344
Investment property 6 300,000 300,000
521,880 526,344

CURRENT ASSETS
Stocks 113,052 102,681
Debtors 7 105,922 105,451
Cash at bank 180,690 233,700
399,664 441,832
CREDITORS
Amounts falling due within one year 8 255,435 217,672
NET CURRENT ASSETS 144,229 224,160
TOTAL ASSETS LESS CURRENT
LIABILITIES

666,109

750,504

CREDITORS
Amounts falling due after more than one
year

9

(37,933

)

(147,699

)

PROVISIONS FOR LIABILITIES (5,607 ) (15,983 )
NET ASSETS 622,569 586,822

CAPITAL AND RESERVES
Called up share capital 11 4,250 4,250
Revaluation reserve 12 88,610 88,610
Retained earnings 529,709 493,962
SHAREHOLDERS' FUNDS 622,569 586,822

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

BUSINESS TECHNOLOGY SUPPORT LIMITED (REGISTERED NUMBER: 03584803)

BALANCE SHEET - continued
30 JUNE 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 and authorised for issue by the director and authorised for issue on 28 March 2024 and were signed by:





D Bairner - Director


BUSINESS TECHNOLOGY SUPPORT LIMITED (REGISTERED NUMBER: 03584803)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Business Technology Support 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. 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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Turnover from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, turnover is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Rents received are recognised in the period to which they relate.

Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is now fully amortised.

BUSINESS TECHNOLOGY SUPPORT LIMITED (REGISTERED NUMBER: 03584803)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment15% & 25% straight line
Fixtures and fittings25% on cost
Motor vehicles25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Freehold property is not depreciated on the grounds that the estimated residual value is sufficiently large enough to make any depreciation charge immaterial.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially
recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also 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.

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 TECHNOLOGY SUPPORT LIMITED (REGISTERED NUMBER: 03584803)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 July 2022
and 30 June 2023 82,000
AMORTISATION
At 1 July 2022
and 30 June 2023 82,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 July 2022 1,011,584
Additions 61,831
Disposals (7,126 )
At 30 June 2023 1,066,289
DEPRECIATION
At 1 July 2022 785,240
Charge for year 66,082
Eliminated on disposal (6,913 )
At 30 June 2023 844,409
NET BOOK VALUE
At 30 June 2023 221,880
At 30 June 2022 226,344

BUSINESS TECHNOLOGY SUPPORT LIMITED (REGISTERED NUMBER: 03584803)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 July 2022
and 30 June 2023 300,000
NET BOOK VALUE
At 30 June 2023 300,000
At 30 June 2022 300,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors, who are professional qualified valuers. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties in the area.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 63,265 67,572
Other debtors 42,657 37,879
105,922 105,451

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 78,870 39,419
Trade creditors 40,448 44,190
Taxation and social security 55,934 51,847
Other creditors 80,183 82,216
255,435 217,672

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans 37,933 147,699

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Bank loans 116,803 187,118

This is secured by a fixed and floating charge over the company assets.

BUSINESS TECHNOLOGY SUPPORT LIMITED (REGISTERED NUMBER: 03584803)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
4,250 Ordinary shares £1 4,250 4,250

12. RESERVES
Revaluation
reserve
£
At 1 July 2022
and 30 June 2023 88,610