Company Registration No. 12335571 (England and Wales)
BTS PAVING LTD
Unaudited accounts
for the year ended 30 November 2023
BTS PAVING LTD
Unaudited accounts
Contents
BTS PAVING LTD
Company Information
for the year ended 30 November 2023
Company Number
12335571 (England and Wales)
Registered Office
27 OAKINGTON MANOR DRIVE
WEMBLEY
MIDDX
HA9 6LU
UNITED KINGDOM
Accountants
EMILIA ACCOUNTANCY LTD
58
STROUD CREDCENT
LONDON
UK
SW15 3EJ
BTS PAVING LTD
Statement of financial position
as at 30 November 2023
Tangible assets
405,165
192,803
Cash at bank and in hand
506,281
97,150
Creditors: amounts falling due within one year
(602,296)
(169,572)
Net current liabilities
(8,501)
(27,575)
Total assets less current liabilities
396,664
165,228
Creditors: amounts falling due after more than one year
(112,693)
(60,625)
Net assets
283,971
104,603
Profit and loss account
283,971
104,603
Shareholders' funds
283,971
104,603
For the year ending 30 November 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 director acknowledges his 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 and authorised for issue on 31 August 2024 and were signed on its behalf by
Ioan FLORE
Director
Company Registration No. 12335571
BTS PAVING LTD
Notes to the Accounts
for the year ended 30 November 2023
BTS PAVING LTD is a private company, limited by shares, registered in England and Wales, registration number 12335571. The registered office is 27 OAKINGTON MANOR DRIVE, WEMBLEY, MIDDX, HA9 6LU, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
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.
BTS PAVING LTD
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 December 2022
47,250
197,947
245,197
Additions
192,620
137,373
329,993
Disposals
-
(76,750)
(76,750)
At 30 November 2023
239,870
258,570
498,440
At 1 December 2022
11,142
41,252
52,394
Charge for the year
32,625
37,681
70,306
On disposals
-
(29,425)
(29,425)
At 30 November 2023
43,767
49,508
93,275
At 30 November 2023
196,103
209,062
405,165
At 30 November 2022
36,108
156,695
192,803
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
58,491
11,311
Taxes and social security
55,739
43,397
Loans from directors
282,958
114,864
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
22,860
17,724
Taxes and social security
56,598
-
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).