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REGISTERED NUMBER: 00666055 (England and Wales)




























Unaudited Financial Statements

for the Year Ended 31 March 2024

for

British Turntable Co Limited

British Turntable Co Limited (Registered number: 00666055)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


British Turntable Co Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: T J Entwistle
R Entwistle
C Wright





REGISTERED OFFICE: Emblem Works
Emblem Street
Bolton
Lancashire
BL3 5BW





REGISTERED NUMBER: 00666055 (England and Wales)





ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY

British Turntable Co Limited (Registered number: 00666055)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 33,334 50,132
Investments 6 692 790
34,026 50,922

CURRENT ASSETS
Stocks 115,518 68,179
Debtors 176,084 196,245
Cash at bank and in hand 373,671 444,296
665,273 708,720
CREDITORS
Amounts falling due within one year 119,482 185,195
NET CURRENT ASSETS 545,791 523,525
TOTAL ASSETS LESS CURRENT
LIABILITIES

579,817

574,447

PROVISIONS FOR LIABILITIES 7 2,341 3,182
NET ASSETS 577,476 571,265

CAPITAL AND RESERVES
Called up share capital 8 5,000 5,000
Retained earnings 572,476 566,265
SHAREHOLDERS' FUNDS 577,476 571,265

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

British Turntable Co Limited (Registered number: 00666055)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:





T J Entwistle - Director


British Turntable Co Limited (Registered number: 00666055)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

British Turntable Co 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 net of VAT and trade discounts.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on the dispatch or installation of the goods.

Goodwill
Goodwill arising on business combinations is capitalised as an asset on the balance sheet and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill is 10 years. Provision is made for any impairment.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to leasehold - 10% on cost
Plant and machinery - at varying rates on cost
Fixtures and fittings - 10% on cost
Motor vehicles - at varying rates on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


British Turntable Co Limited (Registered number: 00666055)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arsing from impairment are recognised in the profit and loss account in other administrative expenses.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 15 ) .

British Turntable Co Limited (Registered number: 00666055)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 62,097
AMORTISATION
At 1 April 2023
and 31 March 2024 62,097
NET BOOK VALUE

At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 383,395
Disposals (9,500 )
At 31 March 2024 373,895
DEPRECIATION
At 1 April 2023 333,263
Charge for year 16,798
Eliminated on disposal (9,500 )
At 31 March 2024 340,561
NET BOOK VALUE
At 31 March 2024 33,334
At 31 March 2023 50,132

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023 790
Additions 2
Disposals (100 )
At 31 March 2024 692
NET BOOK VALUE
At 31 March 2024 692
At 31 March 2023 790

British Turntable Co Limited (Registered number: 00666055)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,341 3,182

Deferred
tax
£   
Balance at 1 April 2023 3,182
Provided during year (841 )
Balance at 31 March 2024 2,341

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
500 Ordinary £1 500 500
4,500 Ordinary A shares £1 4,500 4,500
5,000 5,000

9. OTHER FINANCIAL COMMITMENTS

The company had outstanding commitments in respect of operating leases at 31st March 2024 of £51,250 (2023:£51,250).