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REGISTERED NUMBER: 13714301 (England and Wales)















Belt-Tech Limited

Unaudited Financial Statements

For The Year Ended

30th November 2023






Belt-Tech Limited (Registered number: 13714301)

Contents of the Financial Statements
For The Year Ended 30th November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4

Chartered Accountants' Report 5

Belt-Tech Limited

Company Information
For The Year Ended 30th November 2023







DIRECTORS: J H Bridges
A W Hussey





REGISTERED OFFICE: 6 Selion Way
Elmswell
Bury St. Edmunds
Suffolk
IP30 9YA





REGISTERED NUMBER: 13714301 (England and Wales)





ACCOUNTANTS: Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT

Belt-Tech Limited (Registered number: 13714301)

Balance Sheet
30th November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,605 26,936

CURRENT ASSETS
Debtors 5 52,611 40,995
Cash at bank 35,963 23,256
88,574 64,251
CREDITORS
Amounts falling due within one year 6 107,087 85,244
NET CURRENT LIABILITIES (18,513 ) (20,993 )
TOTAL ASSETS LESS CURRENT LIABILITIES 22,092 5,943

PROVISIONS FOR LIABILITIES 7,715 5,118
NET ASSETS 14,377 825

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 14,277 725
SHAREHOLDERS' FUNDS 14,377 825

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 31st July 2024 and were signed on its behalf by:




J H Bridges - Director



A W Hussey - Director


Belt-Tech Limited (Registered number: 13714301)

Notes to the Financial Statements
For The Year Ended 30th November 2023


1. STATUTORY INFORMATION

Belt-Tech 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% straight line

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Belt-Tech Limited (Registered number: 13714301)

Notes to the Financial Statements - continued
For The Year Ended 30th November 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st December 2022 23,600 8,500 694 32,794
Additions 201 25,098 - 25,299
At 30th November 2023 23,801 33,598 694 58,093
DEPRECIATION
At 1st December 2022 3,732 1,948 178 5,858
Charge for year 4,011 7,390 229 11,630
At 30th November 2023 7,743 9,338 407 17,488
NET BOOK VALUE
At 30th November 2023 16,058 24,260 287 40,605
At 30th November 2022 19,868 6,552 516 26,936

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 52,611 40,995

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 287 288
Taxation and social security 29,617 14,373
Other creditors 77,183 70,583
107,087 85,244

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, the directors were owed £76,433 (2022 - £59,832) by the company. The loan is interest free and has no fixed repayment terms.

9. RELATED PARTY DISCLOSURES

At the year end, the company owed Mr P Bridges £Nil (2022 - £10,000).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Belt-Tech Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Belt-Tech Limited for the year ended 30th November 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Belt-Tech Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Belt-Tech Limited and state those matters that we have agreed to state to the Board of Directors of Belt-Tech Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Belt-Tech Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Belt-Tech Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Belt-Tech Limited. You consider that Belt-Tech Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Belt-Tech Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT


Date: .............................................