Registered number
08865089
BTCO. LTD
Filleted Accounts
31 January 2024
BTCO. LTD
Registered number: 08865089
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,059 4,059
Current assets
Debtors 4 251 250
Cash at bank and in hand 31,421 42,064
31,672 42,314
Creditors: amounts falling due within one year 5 (31,760) (41,810)
Net current (liabilities)/assets (88) 504
Net assets 3,971 4,563
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,871 4,463
Shareholders' funds 3,971 4,563
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Fawehinmi
Director
Approved by the board on 8 September 2024
BTCO. LTD
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 11,764
At 31 January 2024 11,764
Depreciation
At 1 February 2023 7,705
At 31 January 2024 7,705
Net book value
At 31 January 2024 4,059
At 31 January 2023 4,059
4 Debtors 2024 2023
£ £
Corporation tax repayable 251 250
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other taxes and social security costs 93 93
Other creditors 31,667 41,717
31,760 41,810
6 Related party transactions
Included in other creditors is an amount of £31,166 (2023:£41,116) due to the director of the company.
7 Other information
BTCO. LTD is a private company limited by shares and incorporated in England. Its registered office is:
29 Leigham Court Road
London
SW16 2ND
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