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Company Registration No. 03640790 (England and Wales)
BTM (UK) Automation Products Limited Unaudited accounts for the year ended 31 October 2023
BTM (UK) Automation Products Limited Unaudited accounts Contents
Page
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BTM (UK) Automation Products Limited Company Information for the year ended 31 October 2023
Directors
Mr C Bohnert Mr H Fisch Mr M Firmin
Company Number
03640790 (England and Wales)
Registered Office
UNIT 11B Sand Road Industrial Estate Great Gransden Hertfordshire SG19 3AH
Accountants
C J Dyke & Company The Old Police Station Priory Road St Ives Cambs PE27 5BB
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BTM (UK) Automation Products Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,524 
11,341 
Current assets
Inventories
41,488 
95,500 
Debtors
63,837 
31,200 
Cash at bank and in hand
14,670 
8,333 
119,995 
135,033 
Creditors: amounts falling due within one year
(239,889)
(224,809)
Net current liabilities
(119,894)
(89,776)
Total assets less current liabilities
(109,370)
(78,435)
Creditors: amounts falling due after more than one year
(16,667)
(26,667)
Provisions for liabilities
Deferred tax
(2,000)
(2,155)
Net liabilities
(128,037)
(107,257)
Capital and reserves
Called up share capital
20,000 
20,000 
Profit and loss account
(148,037)
(127,257)
Shareholders' funds
(128,037)
(107,257)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by
Mr M Firmin Director Company Registration No. 03640790
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BTM (UK) Automation Products Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
BTM (UK) Automation Products Limited is a private company, limited by shares, registered in England and Wales, registration number 03640790. The registered office is UNIT 11B, Sand Road Industrial Estate, Great Gransden, Hertfordshire, SG19 3AH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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BTM (UK) Automation Products Limited Notes to the Accounts for the year ended 31 October 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Going concern
The directors have confirmed that they will continue to provide financial support to the company until such time as its position improves. In addition the directors have confirmed that they will not recall their loans within 12 months. The directors consider that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support were withdrawn.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2022
59,284 
Additions
1,041 
At 31 October 2023
60,325 
Depreciation
At 1 November 2022
47,943 
Charge for the year
1,858 
At 31 October 2023
49,801 
Net book value
At 31 October 2023
10,524 
At 31 October 2022
11,341 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
63,837 
31,200 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Trade creditors
63,075 
73,694 
Taxes and social security
45,371 
18,244 
Other creditors
178 
1,451 
Loans from directors
116,198 
118,703 
Accruals
5,067 
2,717 
239,889 
224,809 
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BTM (UK) Automation Products Limited Notes to the Accounts for the year ended 31 October 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
16,667 
26,667 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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