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
B-tech Engineering Limited
Company Information
for the year ended 31 October 2023
Directors
Marc Turner
Brian 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
B-tech Engineering Limited
Statement of financial position
as at 31 October 2023
Tangible assets
1,465,369
1,663,503
Investments
894,476
897,502
Cash at bank and in hand
577,211
497,712
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
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
B-tech Engineering Limited
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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 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.
B-tech Engineering Limited
Notes to the Accounts
for the year ended 31 October 2023
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 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.
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.
Expenditure on research and development is written off in the year in which it is incurred.
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
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
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
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
225,456
191,638
B-tech Engineering Limited
Notes to the Accounts
for the year ended 31 October 2023
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
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
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
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
24,000
18,000
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
-
Shares issued during the period:
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.
B-tech Engineering Limited
Notes to the Accounts
for the year ended 31 October 2023
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).