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Company Registration No. 04126082 (England and Wales)
BTF Lighting Limited Unaudited accounts for the year ended 31 December 2023
BTF Lighting Limited Unaudited accounts Contents
Page
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BTF Lighting Limited Company Information for the year ended 31 December 2023
Directors
Annabel Jane Evans Ian Paul Knight
Secretary
I P Knight
Company Number
04126082 (England and Wales)
Registered Office
Unit 5, Littleton Drive Huntington CANNOCK Staffordshire WS12 4TS England
Accountants
KJP Bookkeeping Services 24 Red Lion Lane Norton Canes Cannock Staffordshire WS11 9QP
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BTF Lighting Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
152,956 
172,948 
Investment property
170,000 
120,000 
322,956 
292,948 
Current assets
Inventories
674,473 
816,084 
Debtors
293,280 
342,120 
Cash at bank and in hand
255,225 
149,524 
1,222,978 
1,307,728 
Creditors: amounts falling due within one year
(334,789)
(336,827)
Net current assets
888,189 
970,901 
Total assets less current liabilities
1,211,145 
1,263,849 
Creditors: amounts falling due after more than one year
(110,576)
(132,433)
Net assets
1,100,569 
1,131,416 
Capital and reserves
Called up share capital
11,700 
11,700 
Capital redemption reserve
44,300 
44,300 
Profit and loss account
1,044,569 
1,075,416 
Shareholders' funds
1,100,569 
1,131,416 
For the year ending 31 December 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 21 August 2024 and were signed on its behalf by
Annabel Jane Evans Director Company Registration No. 04126082
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BTF Lighting Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
BTF Lighting Limited is a private company, limited by shares, registered in England and Wales, registration number 04126082. The registered office is Unit 5, Littleton Drive, Huntington , CANNOCK, Staffordshire, WS12 4TS, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Land & buildings
4% reducing balance method
Plant & machinery
20% reducing balance method
Motor vehicles
33% straight line method
Computer equipment
10-25% reducing balance method
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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BTF Lighting Limited Notes to the Accounts for the year ended 31 December 2023
Foreign exchange
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.
Government grants
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.
Leased assets
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
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 January 2023
122,184 
13,720 
205,599 
18,524 
360,027 
Additions
- 
- 
95,533 
- 
95,533 
Disposals
- 
- 
(80,236)
- 
(80,236)
At 31 December 2023
122,184 
13,720 
220,896 
18,524 
375,324 
Depreciation
At 1 January 2023
97,740 
13,366 
57,654 
18,319 
187,079 
Charge for the year
4,887 
71 
61,562 
205 
66,725 
On disposals
- 
- 
(31,436)
- 
(31,436)
At 31 December 2023
102,627 
13,437 
87,780 
18,524 
222,368 
Net book value
At 31 December 2023
19,557 
283 
133,116 
- 
152,956 
At 31 December 2022
24,444 
354 
147,945 
205 
172,948 
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BTF Lighting Limited Notes to the Accounts for the year ended 31 December 2023
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
133,116 
147,944 
5
Investment property
2023 
£ 
Fair value at 1 January 2023
120,000 
Net gain from fair value adjustments
50,000 
At 31 December 2023
170,000 
The investment property was revalued by a Chartered Surveyor on 6th September 2023 at £170,000.
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
282,392 
332,197 
Other debtors
10,888 
9,923 
293,280 
342,120 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,015 
9,767 
VAT
56,745 
57,788 
Obligations under finance leases and hire purchase contracts
36,299 
20,548 
Trade creditors
71,274 
87,092 
Taxes and social security
16,981 
19,573 
Accruals
143,475 
142,059 
334,789 
336,827 
Assets acquired under hire purchase contracts are secured against those specific assets
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
19,908 
29,926 
Obligations under finance leases and hire purchase contracts
90,668 
102,507 
110,576 
132,433 
The bank loan and the obligations under hire purchase contracts are repayable within five years.
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
11,700 Ordinary shares of £1 each
11,700 
11,700 
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BTF Lighting Limited Notes to the Accounts for the year ended 31 December 2023
10
Controlling party
The company is controlled by its directors.
11
Average number of employees
During the year the average number of employees was 7 (2022: 7).
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