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REGISTERED NUMBER: 02923991 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2023

FOR

BKT GROUP HOLDINGS LIMITED

BKT GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 02923991)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BKT GROUP HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: C L Woolger
D P Woolger





SECRETARY: D P Woolger





REGISTERED OFFICE: Headcorn Road
Staplehurst
Tonbridge
Kent
TN12 0DS





REGISTERED NUMBER: 02923991 (England and Wales)





AUDITORS: Gowers Limited, Statutory Auditor
The Old School House
Bridge Road
Hunton Bridge
Kings Langley
Hertfordshire
WD4 8SZ

BKT GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 02923991)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 280,714 280,714

CURRENT ASSETS
Debtors 5 7,542 7,542
Cash at bank 997 -
TOTAL ASSETS LESS CURRENT
LIABILITIES

289,253

288,256

CREDITORS
Amounts falling due after more than one year 6 (146,859 ) (145,861 )
NET ASSETS 142,394 142,395

CAPITAL AND RESERVES
Called up share capital 9,000 9,000
Share premium 21,792 21,792
Capital redemption reserve 52,800 52,800
Retained earnings 58,802 58,803
SHAREHOLDERS' FUNDS 142,394 142,395

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 21st December 2023 and were signed on its behalf by:





D P Woolger - Director


BKT GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 02923991)

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


1. STATUTORY INFORMATION

BKT Group Holdings 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.

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.

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 NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st July 2022
and 30th June 2023 280,714
NET BOOK VALUE
At 30th June 2023 280,714
At 30th June 2022 280,714

BKT GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 02923991)

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


4. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Magnetic Shields Limited
Registered office:
Nature of business: Manufacturing
%
Class of shares: holding
Ordinary 100.00
2023 2022
£    £   
Aggregate capital and reserves 4,522,801 4,308,681
Profit for the year 214,120 242,293

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 5 5

Amounts falling due after more than one year:
ACT recoverable 7,537 7,537

Aggregate amounts 7,542 7,542

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Amounts owed to subsidiary undertakings 146,859 145,861

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Green FCA (Senior Statutory Auditor)
for and on behalf of Gowers Limited, Statutory Auditor

8. RELATED PARTY DISCLOSURES

At 30th June 2023 the company owed £146,859 (2022: £145,861) to Magnetic Shields Limited (a subsidiary undertaking). No formal agreement in respect of the intercompany borrowing exists. However, it is not anticipated that repayment will be made within one year of the balance sheet date.

BKT GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 02923991)

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


9. ULTIMATE CONTROLLING PARTY

Colsur Materials Limited, a company incorporated in England and Wales holds 79.38% of BKT Group Holdings Limited, a controlling shareholding. The remaining shares were held by the Colsur Materials Small Self Administered Pension Scheme.

C L Woolger owns a controlling interest in the share capital of Colsur Materials Limited and is considered to be the ultimate controlling party.

10. GUARANTEES AND CHARGES

The company has given a composite guarantee in respect of borrowings by the holding company Colsur Materials Limited and Magnetic Shields Limited, the subsidiary company. These companies have given a cross guarantee in respect of the company's borrowings.