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REGISTERED NUMBER: 13332168 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024

FOR

BTN AUTOMOTIVE LTD

BTN AUTOMOTIVE LTD (REGISTERED NUMBER: 13332168)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BTN AUTOMOTIVE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: T Newman
B T Newman





REGISTERED OFFICE: 10a Furnace Lane
Station Road
Finedon
Northamptonshire
NN9 5NY





REGISTERED NUMBER: 13332168 (England and Wales)





ACCOUNTANTS: ISIS Business Solutions (Northants) LLP
Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA

BTN AUTOMOTIVE LTD (REGISTERED NUMBER: 13332168)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 209
Tangible assets 5 433,731 307,008
433,731 307,217

CURRENT ASSETS
Debtors 6 32,364 22,181
Cash at bank and in hand 77,213 102,916
109,577 125,097
CREDITORS
Amounts falling due within one year 7 203,398 255,935
NET CURRENT LIABILITIES (93,821 ) (130,838 )
TOTAL ASSETS LESS CURRENT LIABILITIES 339,910 176,379

CREDITORS
Amounts falling due after more than one
year

8

(37,164

)

(23,217

)

PROVISIONS FOR LIABILITIES (19,398 ) (19,398 )
NET ASSETS 283,348 133,764

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 283,346 133,762
283,348 133,764

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 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.

BTN AUTOMOTIVE LTD (REGISTERED NUMBER: 13332168)

BALANCE SHEET - continued
30TH JUNE 2024


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 20th November 2024 and were signed on its behalf by:




B T Newman - Director



T Newman - Director


BTN AUTOMOTIVE LTD (REGISTERED NUMBER: 13332168)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

BTN Automotive 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

BTN AUTOMOTIVE LTD (REGISTERED NUMBER: 13332168)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2023
and 30th June 2024 1,005
AMORTISATION
At 1st July 2023 796
Charge for year 209
At 30th June 2024 1,005
NET BOOK VALUE
At 30th June 2024 -
At 30th June 2023 209

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st July 2023 12,989 209,185 21,861
Additions - 45,661 1,831
At 30th June 2024 12,989 254,846 23,692
DEPRECIATION
At 1st July 2023 216 65,254 5,335
Charge for year 2,598 42,957 4,555
At 30th June 2024 2,814 108,211 9,890
NET BOOK VALUE
At 30th June 2024 10,175 146,635 13,802
At 30th June 2023 12,773 143,931 16,526

BTN AUTOMOTIVE LTD (REGISTERED NUMBER: 13332168)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st July 2023 142,073 10,732 396,840
Additions 106,750 59,415 213,657
At 30th June 2024 248,823 70,147 610,497
DEPRECIATION
At 1st July 2023 17,372 1,655 89,832
Charge for year 33,236 3,588 86,934
At 30th June 2024 50,608 5,243 176,766
NET BOOK VALUE
At 30th June 2024 198,215 64,904 433,731
At 30th June 2023 124,701 9,077 307,008

The net book value of tangible fixed assets includes £ 119,734 (2023 - £ 44,268 ) in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,205 20,258
Other debtors 14,159 1,923
32,364 22,181

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 24,942 11,608
Trade creditors 48,623 70,795
Amounts owed to group undertakings 33,275 38,500
Taxation and social security 31,199 64,463
Other creditors 65,359 70,569
203,398 255,935

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 37,164 23,217

9. RELATED PARTY DISCLOSURES

Included within other creditors are amounts due to the directors from the company of £1,518. This loan is interest free.