Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 09972478 Mr James McConnell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09972478 2023-02-28 09972478 2024-02-28 09972478 2023-03-01 2024-02-28 09972478 frs-core:CurrentFinancialInstruments 2024-02-28 09972478 frs-core:FurnitureFittings 2024-02-28 09972478 frs-core:FurnitureFittings 2023-03-01 2024-02-28 09972478 frs-core:FurnitureFittings 2023-02-28 09972478 frs-core:ShareCapital 2024-02-28 09972478 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 09972478 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 09972478 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 09972478 frs-bus:SmallEntities 2023-03-01 2024-02-28 09972478 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 09972478 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 09972478 frs-bus:OrdinaryShareClass1 2023-03-01 2024-02-28 09972478 frs-bus:OrdinaryShareClass1 2024-02-28 09972478 frs-bus:Director1 2023-03-01 2024-02-28 09972478 frs-bus:Director1 2023-02-28 09972478 frs-bus:Director1 2024-02-28 09972478 frs-countries:EnglandWales 2023-03-01 2024-02-28 09972478 2022-02-28 09972478 2023-02-28 09972478 2022-03-01 2023-02-28 09972478 frs-core:CurrentFinancialInstruments 2023-02-28 09972478 frs-core:ShareCapital 2023-02-28 09972478 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 09972478 frs-bus:OrdinaryShareClass1 2022-03-01 2023-02-28
Registered number: 09972478
BTC Training Centre Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
C W Dix Limited
Accountants & Business Advisors
4b Silkwood Court
Wakefield
West Yorkshire
WF5 9TP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09972478
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 42,737 46,645
42,737 46,645
CURRENT ASSETS
Debtors 5 78,390 58,499
Cash at bank and in hand 340,412 285,105
418,802 343,604
Creditors: Amounts Falling Due Within One Year 6 (212,553 ) (177,197 )
NET CURRENT ASSETS (LIABILITIES) 206,249 166,407
TOTAL ASSETS LESS CURRENT LIABILITIES 248,986 213,052
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,684 ) (9,329 )
NET ASSETS 238,302 203,723
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 238,202 203,623
SHAREHOLDERS' FUNDS 238,302 203,723
Page 1
Page 2
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James McConnell
Director
21/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
BTC Training Centre Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09972478 . The registered office is c/o Brookhouse Mill, Balme Road, Cleckheaton, BD19 4EW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 10% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 6 7
Sales, marketing and distribution 4 5
10 12
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 March 2023 86,488
Additions 840
As at 28 February 2024 87,328
Depreciation
As at 1 March 2023 39,843
Provided during the period 4,748
As at 28 February 2024 44,591
Net Book Value
As at 28 February 2024 42,737
As at 1 March 2023 46,645
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,325 3,335
Other debtors 55,164 55,164
Other taxes and social security 2,995 -
Director's loan account 8,906 -
78,390 58,499
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,860 7,632
Bank loans and overdrafts 35,148 41,312
Corporation tax 15,951 11,446
Other taxes and social security - 10,875
VAT 69,258 61,758
Accruals and deferred income 89,336 43,336
Director's loan account - 838
212,553 177,197
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1 each 100 100
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Page 5
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 28 February 2024
£ £ £ £ £
Mr James McConnell - 8,906 - - 8,906
The above loan was repaid in ful on 14 October 2024.
9. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 19,000 25,000
Page 5