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Company Registration No. 10772138 (England and Wales)
BTS Restaurants Limited Unaudited accounts for the year ended 31 May 2024
BTS Restaurants Limited Unaudited accounts Contents
Page
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BTS Restaurants Limited Company Information for the year ended 31 May 2024
Directors
Tracey Sherrie Buckley Stuart Edmond Buckley
Company Number
10772138 (England and Wales)
Registered Office
113 WestgateStreet Gloucester GL1 2PG
Accountants
Sarah MacKellar Pixham Accounting & Bookkeeping Ltd Low Wood Brockhill Road Malvern WR14 4DL
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BTS Restaurants Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
19,500 
21,000 
Tangible assets
2,664 
2,869 
22,164 
23,869 
Current assets
Inventories
6,000 
6,500 
Debtors
875 
4,075 
Cash at bank and in hand
4,508 
8,163 
11,383 
18,738 
Creditors: amounts falling due within one year
(24,566)
(32,177)
Net current liabilities
(13,183)
(13,439)
Total assets less current liabilities
8,981 
10,430 
Creditors: amounts falling due after more than one year
(16,974)
(18,732)
Net liabilities
(7,993)
(8,302)
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(8,003)
(8,312)
Shareholders' funds
(7,993)
(8,302)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by
Stuart Edmond Buckley Director Company Registration No. 10772138
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BTS Restaurants Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
BTS Restaurants Limited is a private company, limited by shares, registered in England and Wales, registration number 10772138. The registered office is 113 WestgateStreet, Gloucester, GL1 2PG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in GBP £ sterling.
Intangible fixed assets
Intangible fixed assets are included at cost less accumulated amortisation and any accumulative impairment losses
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided on all tangible fixed assets, other than freehold land, at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over the lease term
Plant & machinery
over 5 years
Fixtures & fittings
over 5 years
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2023
30,000 
At 31 May 2024
30,000 
Amortisation
At 1 June 2023
9,000 
Charge for the year
1,500 
At 31 May 2024
10,500 
Net book value
At 31 May 2024
19,500 
At 31 May 2023
21,000 
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years. The economic life is determined by the length of a lease on the restaurant.
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BTS Restaurants Limited Notes to the Accounts for the year ended 31 May 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
4,099 
28,459 
32,558 
At 31 May 2024
4,099 
28,459 
32,558 
Depreciation
At 1 June 2023
1,230 
28,459 
29,689 
Charge for the year
205 
- 
205 
At 31 May 2024
1,435 
28,459 
29,894 
Net book value
At 31 May 2024
2,664 
- 
2,664 
At 31 May 2023
2,869 
- 
2,869 
6
Inventories
2024 
2023 
£ 
£ 
Finished goods
6,000 
6,500 
6,000 
6,500 
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
875 
875 
Other debtors
- 
3,200 
875 
4,075 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,000 
5,000 
VAT
2,009 
2,200 
Trade creditors
2,529 
2,670 
Taxes and social security
514 
1,091 
Other creditors
3,519 
- 
Loans from directors
8,267 
20,201 
Accruals
2,728 
1,015 
24,566 
32,177 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
16,974 
18,732 
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BTS Restaurants Limited Notes to the Accounts for the year ended 31 May 2024
10
Transactions with related parties
The company is funded by a loan provided by the Director. The loan is interest free and repayable on demand. The balance outstanding as at May 31, 2023 was £8,267, ( 2023 - £20,201)
11
Controlling party
The company is under the control of T S Buckley and S E Buckley. S E Buckley resigned as a director on 1.7.23
12
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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