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REGISTERED NUMBER: 06648404 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Business Transfer Group Ltd

Business Transfer Group Ltd (Registered number: 06648404)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Business Transfer Group Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: C K Rowlands
P C Gaskell
J Gaskell
Ms J Booth





REGISTERED OFFICE: 17 St Mary's Place
Bury
Lancashire
BL9 0DZ





REGISTERED NUMBER: 06648404 (England and Wales)





ACCOUNTANTS: Lindley Adams Limited Chartered Accountants
28 Prescott Street
Halifax
West Yorkshire
HX1 2LG

Business Transfer Group Ltd (Registered number: 06648404)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,449 10,301
Investments 5 1 1
25,450 10,302

CURRENT ASSETS
Debtors 6 114,395 159,241
Cash at bank 603,078 607,417
717,473 766,658
CREDITORS
Amounts falling due within one year 7 370,651 301,688
NET CURRENT ASSETS 346,822 464,970
TOTAL ASSETS LESS CURRENT
LIABILITIES

372,272

475,272

PROVISIONS FOR LIABILITIES 4,291 871
NET ASSETS 367,981 474,401

CAPITAL AND RESERVES
Called up share capital 1,800 2,000
Capital redemption reserve 215 15
Retained earnings 365,966 472,386
SHAREHOLDERS' FUNDS 367,981 474,401

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Transfer Group Ltd (Registered number: 06648404)

Balance Sheet - continued
31 July 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 16 December 2024 and were signed on its behalf by:





C K Rowlands - Director


Business Transfer Group Ltd (Registered number: 06648404)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

Business Transfer Group 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.

Preparation of consolidated financial statements
The financial statements contain information about Business Transfer Group Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Office Equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

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 22 (2023 - 25 ) .

Business Transfer Group Ltd (Registered number: 06648404)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


4. TANGIBLE FIXED ASSETS
Motor Office
vehicles Equipment Totals
£    £    £   
COST
At 1 August 2023 10,100 43,084 53,184
Additions - 19,048 19,048
At 31 July 2024 10,100 62,132 72,232
DEPRECIATION
At 1 August 2023 7,703 35,180 42,883
Charge for year 600 3,300 3,900
At 31 July 2024 8,303 38,480 46,783
NET BOOK VALUE
At 31 July 2024 1,797 23,652 25,449
At 31 July 2023 2,397 7,904 10,301

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2023
and 31 July 2024 1
NET BOOK VALUE
At 31 July 2024 1
At 31 July 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 100,742 111,751
Other debtors 13,653 47,490
114,395 159,241

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 19,880 19,093
Taxation and social security 128,499 171,376
Other creditors 222,272 111,219
370,651 301,688

Business Transfer Group Ltd (Registered number: 06648404)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.24 31.7.23
£    £   
Within one year 18,353 18,353
Between one and five years 67,295 73,412
In more than five years - 12,235
85,648 104,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
J Gaskell
Balance outstanding at start of year 17,747 35,414
Amounts advanced 78,934 80,501
Amounts repaid (97,052 ) (98,168 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (371 ) 17,747

P C Gaskell
Balance outstanding at start of year 14,063 31,821
Amounts advanced 78,934 80,409
Amounts repaid (93,758 ) (98,167 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (761 ) 14,063

Advances are repayable on demand and interest is charged at 2.25%

10. RELATED PARTY DISCLOSURES

The company occupies premises rent free that are owned jointly by C K Rowlands, G A A Murphy Deceased and their wives.