Registered number
01296439
B.T.C. Bernstef Limited
Unaudited Filleted Accounts
31 January 2024
B.T.C. Bernstef Limited
Registered number: 01296439
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 30,626 31,256
Current assets
Stock and work in progress 700 700
Debtors 4 405 516
Cash at bank and in hand 139,860 151,884
140,965 153,100
Creditors: amounts falling due within one year 5 (1,509) (1,508)
Net current assets 139,456 151,592
Net assets 170,082 182,848
Capital and reserves
Called up share capital 100 100
Profit and loss account 169,982 182,748
Shareholders' funds 170,082 182,848
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S. Carroll
Director
Approved by the board on 17 July 2024
B.T.C. Bernstef Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% Reducing balance
Motor vehicles 25% Reducing balance
Stock and work in progress
Stock and work in progress are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2023 27,500 64,251 13,500 105,251
At 31 January 2024 27,500 64,251 13,500 105,251
Depreciation
At 1 February 2023 - 61,161 12,834 73,995
Charge for the year - 464 166 630
At 31 January 2024 - 61,625 13,000 74,625
Net book value
At 31 January 2024 27,500 2,626 500 30,626
At 31 January 2023 27,500 3,090 666 31,256
4 Debtors 2024 2023
£ £
Other debtors 405 516
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 561 560
Other creditors 948 948
1,509 1,508
6 Other information
B.T.C. Bernstef Limited is a private company limited by shares and incorporated in England. Its registered office is:
31 Green Lane
Thornton
Liverpool
Merseyside
L23 1TJ
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