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REGISTERED NUMBER: 08503761 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

B.T.M TRAVEL AND TRADING LTD

B.T.M TRAVEL AND TRADING LTD (Registered number: 08503761)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


B.T.M TRAVEL AND TRADING LTD

Company Information
for the Year Ended 31 December 2023







DIRECTORS: G XIANG(Non-Executive)
Y ZHANG





REGISTERED OFFICE: C/O XIANG & CO
BURRELL HOUSE
44 BROADWAY
LONDON
E15 1XH





REGISTERED NUMBER: 08503761 (England and Wales)






B.T.M TRAVEL AND TRADING LTD (Registered number: 08503761)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 270,695 310,988

CURRENT ASSETS
Stocks 5 90,465 106,324
Debtors 6 1,318,739 2,023,956
Cash at bank 108,242 222,453
1,517,446 2,352,733
CREDITORS
Amounts falling due within one year 7 3,391,141 3,526,708
NET CURRENT LIABILITIES (1,873,695 ) (1,173,975 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,603,000

)

(862,987

)

CAPITAL AND RESERVES
Called up share capital 8 2,000,000 2,000,000
Retained earnings 9 (3,603,000 ) (2,862,987 )
SHAREHOLDERS' FUNDS (1,603,000 ) (862,987 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 24 September 2024 and were signed on its behalf by:





Y ZHANG - Director


B.T.M TRAVEL AND TRADING LTD (Registered number: 08503761)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

B.T.M TRAVEL AND TRADING LTD 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.

The company's financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future on the grounds that the parent company will continue to financially support the company until such time has the business achieves financial viability. The company financial statements do not reflect any adjustments that would be required if they were to be prepared on a basis other than the going concern basis.

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.

Short Lease (10 years term) -10% on cost

Plant & Machinery -10% on cost

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

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.

B.T.M TRAVEL AND TRADING LTD (Registered number: 08503761)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 90,403 311,917 402,320
DEPRECIATION
At 1 January 2023 27,121 64,211 91,332
Charge for year 9,041 31,252 40,293
At 31 December 2023 36,162 95,463 131,625
NET BOOK VALUE
At 31 December 2023 54,241 216,454 270,695
At 31 December 2022 63,282 247,706 310,988

5. STOCKS
31.12.23 31.12.22
£    £   
Finished goods 90,465 106,324

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 443,830 390,778
Other debtors 599,787 1,290,977
VAT 33,177 34,942
Prepayments 241,945 307,259
1,318,739 2,023,956

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 216,919 248,096
Other creditors 3,174,222 3,278,612
3,391,141 3,526,708

B.T.M TRAVEL AND TRADING LTD (Registered number: 08503761)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
500,000 Ordinary Share Capital £1 2,000,000 2,000,000

9. RESERVES
Retained
earnings
£   

At 1 January 2023 (2,862,987 )
Deficit for the year (740,013 )
At 31 December 2023 (3,603,000 )