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REGISTERED NUMBER: 04321522 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2023

FOR

BTS TIMBER ENGINEERING LIMITED

BTS TIMBER ENGINEERING LIMITED (REGISTERED NUMBER: 04321522)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BTS TIMBER ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2023







DIRECTORS: A J Burgis
Mrs V Burgis





SECRETARY: Mrs V Burgis





REGISTERED OFFICE: Westgate House
87 St Dunstans Street
Canterbury
Kent
CT2 8AE





REGISTERED NUMBER: 04321522 (England and Wales)





ACCOUNTANTS: Spain Brothers & Co
Chartered Accountants
Westgate House
87 St Dunstans Street
Canterbury
Kent
CT2 8AE

BTS TIMBER ENGINEERING LIMITED (REGISTERED NUMBER: 04321522)

BALANCE SHEET
31ST AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,873 25,750

CURRENT ASSETS
Stocks 5 1,050 900
Debtors 6 25,126 21,245
Cash at bank and in hand 160,326 150,579
186,502 172,724
CREDITORS
Amounts falling due within one year 7 28,975 32,170
NET CURRENT ASSETS 157,527 140,554
TOTAL ASSETS LESS CURRENT
LIABILITIES

182,400

166,304

PROVISIONS FOR LIABILITIES 296 381
NET ASSETS 182,104 165,923

CAPITAL AND RESERVES
Called up share capital 8 101 101
Retained earnings 182,003 165,822
SHAREHOLDERS' FUNDS 182,104 165,923

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

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

BTS TIMBER ENGINEERING LIMITED (REGISTERED NUMBER: 04321522)

BALANCE SHEET - continued
31ST AUGUST 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 17th April 2024 and were signed on its behalf by:





A J Burgis - Director


BTS TIMBER ENGINEERING LIMITED (REGISTERED NUMBER: 04321522)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023


1. STATUTORY INFORMATION

BTS Timber Engineering 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 (£).


The principal activity of the company is timber building consulting engineers.

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
When the outcome of a transaction can be estimated reliably, turnover from consultancy services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to time apportionment.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Equipment - 25% on cost

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation. Cost includes costs
directly attributable to making the asset capable of operating as intended.

Work in progress
Short term work in progress is valued at the lower of cost and net realisable value, together with anticipated profit on work done having regard to the stage of completion at the year end.

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.


BTS TIMBER ENGINEERING LIMITED (REGISTERED NUMBER: 04321522)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 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.

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.

Debtors/creditors receivable/payable in one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Office
property Equipment Totals
£    £    £   
COST
At 1st September 2022 23,516 6,876 30,392
Additions - 68 68
At 31st August 2023 23,516 6,944 30,460
DEPRECIATION
At 1st September 2022 - 4,642 4,642
Charge for year - 945 945
At 31st August 2023 - 5,587 5,587
NET BOOK VALUE
At 31st August 2023 23,516 1,357 24,873
At 31st August 2022 23,516 2,234 25,750

5. STOCKS
2023 2022
£    £   
Work-in-progress 1,050 900

BTS TIMBER ENGINEERING LIMITED (REGISTERED NUMBER: 04321522)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,589 18,804
Prepayments 2,537 2,441
25,126 21,245

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 240 -
Corporation tax 15,679 15,644
VAT 9,596 9,060
Other creditors 9 9
Directors' current accounts 390 4,542
Accruals and deferred income 3,061 2,915
28,975 32,170

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary A Shares 1 100 100
1 Ordinary B Shares 1 1 1
101 101

9. POST BALANCE SHEET EVENTS/GOING CONCERN

The company expects to have adequate resources available to meet its obligations for at least the next twelve months and therefore the directors consider it appropriate to prepare the financial statements on the going concern basis.