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REGISTERED NUMBER: 04227686 (England and Wales)















BUSINESS TECHNOLOGY PARTNERS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024






BUSINESS TECHNOLOGY PARTNERS LIMITED (REGISTERED NUMBER: 04227686)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


BUSINESS TECHNOLOGY PARTNERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr D McLinden
Mrs N McLinden





REGISTERED OFFICE: 1625-1627 Parkway
Solent Business Park
Whiteley
Fareham
Hampshire
PO15 7AH





REGISTERED NUMBER: 04227686 (England and Wales)





ACCOUNTANTS: Rothmans CF Limited
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BUSINESS TECHNOLOGY PARTNERS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Business Technology Partners Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Business Technology Partners Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Business Technology Partners Limited and state those matters that we have agreed to state to the Board of Directors of Business Technology Partners Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Business Technology Partners Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Business Technology Partners Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Business Technology Partners Limited. You consider that Business Technology Partners Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Business Technology Partners Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothmans CF Limited
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR


31 October 2024

BUSINESS TECHNOLOGY PARTNERS LIMITED (REGISTERED NUMBER: 04227686)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 8,750 11,750
Tangible assets 5 354,179 315,579
362,929 327,329

CURRENT ASSETS
Stocks 5,650 3,839
Debtors 6 72,116 100,023
Cash at bank 228,750 273,137
306,516 376,999
CREDITORS
Amounts falling due within one year 7 305,785 279,909
NET CURRENT ASSETS 731 97,090
TOTAL ASSETS LESS CURRENT
LIABILITIES

363,660

424,419

CREDITORS
Amounts falling due after more than one
year

8

(39,802

)

(132,018

)

PROVISIONS FOR LIABILITIES 10 (88,518 ) (68,122 )
NET ASSETS 235,340 224,279

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 235,240 224,179
SHAREHOLDERS' FUNDS 235,340 224,279

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

BUSINESS TECHNOLOGY PARTNERS LIMITED (REGISTERED NUMBER: 04227686)

BALANCE SHEET - continued
31 MAY 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 31 October 2024 and were signed on its behalf by:





Mr D McLinden - Director


BUSINESS TECHNOLOGY PARTNERS LIMITED (REGISTERED NUMBER: 04227686)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Business Technology Partners Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 04227686 and its registered office address is 1625-1627 Parkway, Whiteley, England, PO15 7AH.

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 presentation currency is £ sterling.

Going concern
The financial statements have been prepared on a going concern basis

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date, and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

The directors do not consider there to be any significant judgements.

Other key sources of estimation uncertainty:

1) Tangible fixed assets
Management estimate the useful life and residual value of tangible assets based on market information and their knowledge of the business, the remaining life of the asset and projected disposal value.

2) Intangible fixed assets
Management estimate the useful life of intangible assets based on market information and their knowledge of the business.

Turnover
Turnover represents net amounts invoiced during the year (excluding value added tax) adjusted for accrued and deferred income where applicable.

Turnover is recognised when the service is provided.

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.

Other intangible assets are being amortised evenly over their estimated life of five years.

BUSINESS TECHNOLOGY PARTNERS LIMITED (REGISTERED NUMBER: 04227686)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
All fixed assets are initially recorded at cost and subsequently carried at cost less accumulated depreciation.

The cost of fixed assets initially recognised includes its purchase price and any cost that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in a manner intended by management.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Computer equipment- 33% on cost
Fixtures and fittings- 20% on cost
Motor vehicles- 17% on cost

The assets' residual value and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Development expenses capitalised are not depreciated as constant upgrades and maintenance of the database ensures the asset remains functional and at the value stated. Maintenance costs are written off to the income statement. An impairment review will be carried out by the directors each year.

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Fixed assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the statement of income and retained earnings.

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

Financial instruments
The company only has financial assets and liabilities of the kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and debt instruments are subsequently measured at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income and retained eanrings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 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.

BUSINESS TECHNOLOGY PARTNERS LIMITED (REGISTERED NUMBER: 04227686)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research is written off against profits in the year in which it is incurred.

Development costs are capitalised when the following criteria has been met:

(a) It is technically feasible to complete the development so that the assets will be available for use or sale;

(b) It is intended that the assets being developed will be used or sold;

(c) The company is able to use or sell the assets;

(d) It can be demonstrated that the assets will generate probable future economic benefit;

(e) Adequate technical, financial and other resources exist so that the assets development can be completed and subsequently used or sold;

(f) Expenditure attributable to the assets during the development can be reliably measured.

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 the Statement of Income and Retained Earnings in the period to which they relate.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 June 2023
and 31 May 2024 15,000
AMORTISATION
At 1 June 2023 3,250
Charge for year 3,000
At 31 May 2024 6,250
NET BOOK VALUE
At 31 May 2024 8,750
At 31 May 2023 11,750

BUSINESS TECHNOLOGY PARTNERS LIMITED (REGISTERED NUMBER: 04227686)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Database/ and Motor Computer
Application fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 June 2023 251,770 42,714 31,795 30,887 357,166
Additions - 6,383 44,645 14,380 65,408
At 31 May 2024 251,770 49,097 76,440 45,267 422,574
DEPRECIATION
At 1 June 2023 - 28,602 717 12,268 41,587
Charge for year - 9,183 5,784 11,841 26,808
At 31 May 2024 - 37,785 6,501 24,109 68,395
NET BOOK VALUE
At 31 May 2024 251,770 11,312 69,939 21,158 354,179
At 31 May 2023 251,770 14,112 31,078 18,619 315,579

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 61,730 88,599
Other debtors 724 1,030
Prepayments and accrued income 9,662 10,394
72,116 100,023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other loans 92,216 87,728
Trade creditors 67,910 69,389
Social security and other taxes 19,907 15,587
VAT 61,241 63,796
Other creditors 15,558 6,697
Directors' current accounts 30,000 10,000
Accruals and deferred income 18,953 26,712
305,785 279,909

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Other loans - 1-2 years 39,802 92,216
Other loans - 2-5 years - 39,802
39,802 132,018

BUSINESS TECHNOLOGY PARTNERS LIMITED (REGISTERED NUMBER: 04227686)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 22,345 28,955
Between one and five years 62,800 18,420
In more than five years 11,775 -
96,920 47,375

10. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 88,518 68,122

Deferred tax
£
Balance at 1 June 2023 68,122
Provided during year 20,396
Balance at 31 May 2024 88,518

The above deferred tax balance relates to accelerated capital allowances.