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Registered Number: 07170156
England and Wales

 

 

 

BVTEQ LTD


Abridged Accounts
 


Period of accounts

Start date: 01 March 2023

End date: 28 February 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 116    77 
116    77 
Current assets      
Debtors: amounts falling due within one year 40,293    106,070 
Creditors: amount falling due within one year (86,006)   (38,519)
Net current assets (45,713)   67,551 
 
Total assets less current liabilities (45,597)   67,628 
Creditors: amount falling due after more than one year   (70,241)
Net assets (45,597)   (2,613)
 

Capital and reserves
     
Called up share capital 4 50    50 
Profit and loss account (45,647)   (2,663)
Shareholders' funds (45,597)   (2,613)
 


For the year ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 08 August 2024 and were signed on its behalf by:


-------------------------------
Adebola Alli-Baba Alli-Balogun
Director
1
General Information
BVTEQ Ltd is a private company, limited by shares, registered in England and Wales, registration number 07170156, registration address 1 Troydale Lane, Pudsey, Leeds, West Yorkshire , LS28 9JT.
The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 3 Years Straight Line
Computer Equipment 2 Years Straight Line
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 March 2023 6,886    4,365    11,251 
Additions 126      126 
Disposals    
At 28 February 2024 7,012    4,365    11,377 
Depreciation
At 01 March 2023 6,809    4,365    11,174 
Charge for year 87      87 
On disposals    
At 28 February 2024 6,896    4,365    11,261 
Net book values
Closing balance as at 28 February 2024 116      116 
Opening balance as at 01 March 2023 77      77 


4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
50 Class A shares of £1.00 each 50    50 
50    50 

2