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Company Registration No. 04866575 (England and Wales)
B-tech Engineering Limited Unaudited accounts for the year ended 31 October 2023
B-tech Engineering Limited Unaudited accounts Contents
Page
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B-tech Engineering Limited Company Information for the year ended 31 October 2023
Directors
Marc Turner Brian Turner
Secretary
Mrs J Turner
Company Number
04866575 (England and Wales)
Registered Office
Unit 45 Longshot Industrial Estate Longshot Lane Bracknell RG12 1RL
Accountants
Blue Cube Accountants Limited Britwell Grange Britwell Road Burnham SL1 8DF
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B-tech Engineering Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,465,369 
1,663,503 
Current assets
Inventories
29,000 
32,000 
Debtors
815,232 
744,375 
Investments
894,476 
897,502 
Cash at bank and in hand
577,211 
497,712 
2,315,919 
2,171,589 
Creditors: amounts falling due within one year
(479,900)
(537,430)
Net current assets
1,836,019 
1,634,159 
Total assets less current liabilities
3,301,388 
3,297,662 
Creditors: amounts falling due after more than one year
(24,000)
(65,632)
Provisions for liabilities
Deferred tax
(192,356)
(175,227)
Net assets
3,085,032 
3,056,803 
Capital and reserves
Called up share capital
1,313 
1,300 
Profit and loss account
3,083,719 
3,055,503 
Shareholders' funds
3,085,032 
3,056,803 
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
Marc Turner Director Company Registration No. 04866575
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B-tech Engineering Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
B-tech Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 04866575. The registered office is Unit 45 Longshot Industrial Estate, Longshot Lane , Bracknell, RG12 1RL.
2
Accounting policies
Basis of preparation
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to 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.
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.
Investments
Investments in shares are included at fair value.
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:
Land & buildings
no depreciation provided
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Inventories
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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 taxation
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.
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B-tech Engineering Limited Notes to the Accounts for the year ended 31 October 2023
Pension costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charge to the profit & loss account in the period to which they relate.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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.
3
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 November 2022
563,601 
2,742,760 
137,593 
26,839 
3,470,793 
Additions
- 
40,116 
- 
- 
40,116 
Disposals
- 
(4,650)
(101,500)
- 
(106,150)
At 31 October 2023
563,601 
2,778,226 
36,093 
26,839 
3,404,759 
Depreciation
At 1 November 2022
- 
1,748,059 
45,394 
13,837 
1,807,290 
Charge for the year
- 
151,507 
4,018 
1,950 
157,475 
On disposals
- 
- 
(25,375)
- 
(25,375)
At 31 October 2023
- 
1,899,566 
24,037 
15,787 
1,939,390 
Net book value
At 31 October 2023
563,601 
878,660 
12,056 
11,052 
1,465,369 
At 31 October 2022
563,601 
994,701 
92,199 
13,002 
1,663,503 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
225,456 
191,638 
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B-tech Engineering Limited Notes to the Accounts for the year ended 31 October 2023
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
707,537 
633,274 
Amounts due from group undertakings etc.
6,277 
35,180 
Accrued income and prepayments
70,629 
39,924 
Other debtors
30,789 
35,997 
815,232 
744,375 
5
Investments held as current assets
2023 
2022 
£ 
£ 
Unlisted investments
894,476 
897,502 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
17,152 
VAT
122,448 
63,291 
Obligations under finance leases and hire purchase contracts
57,600 
123,660 
Trade creditors
107,793 
301,850 
Taxes and social security
181,534 
23,073 
Other creditors
5,075 
4,404 
Accruals
5,450 
4,000 
479,900 
537,430 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
47,632 
Obligations under finance leases and hire purchase contracts
24,000 
18,000 
24,000 
65,632 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 A shares of £1 each
1,000 
1,000 
300 B shares of £1 each
300 
300 
13 C shares of £1 each
13 
- 
1,313 
1,300 
Shares issued during the period:
13 C shares of £1 each
13 
9
Transactions with related parties
Included in debtors is £6,277 (2022 - £35,180) owed from B & M Holdings Limited. This is the parent company.
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B-tech Engineering Limited Notes to the Accounts for the year ended 31 October 2023
10
Controlling party
The parent company is B & M Holdings Limited and the registered office is Unit 45 Longshot Industrial Estate, Longshot Lane, Bracknell, England, RG12 1RL.
11
Average number of employees
During the year the average number of employees was 23 (2022: 20).
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