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
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
BTS Restaurants Limited
Statement of financial position
as at 31 May 2024
Intangible assets
19,500
21,000
Tangible assets
2,664
2,869
Cash at bank and in hand
4,508
8,163
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)
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
BTS Restaurants Limited
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in GBP £ sterling.
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
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.
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
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
At 31 May 2024
2,664
-
2,664
At 31 May 2023
2,869
-
2,869
Finished goods
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
Amounts falling due within one year
Accrued income and prepayments
875
875
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,000
5,000
Trade creditors
2,529
2,670
Taxes and social security
514
1,091
Loans from directors
8,267
20,201
9
Creditors: amounts falling due after more than one year
2024
2023
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)
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).