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Company Registration No. 7025984 (England and Wales)
BTB CONTRACTS Limited Unaudited accounts for the year ended 31 August 2024
BTB CONTRACTS Limited Unaudited accounts Contents
Page
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BTB CONTRACTS Limited Company Information for the year ended 31 August 2024
Director
S N Webster
Company Number
7025984 (England and Wales)
Registered Office
Moreton House 31 High Street Bucks, Buckingham MK18 1NU United Kingdom
Accountants
Anthistle Craven Moreton House 31 High Street Buckingham Bucks MK18 1NU
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BTB CONTRACTS Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
50,875 
25,685 
Current assets
Debtors
9,284 
266 
Cash at bank and in hand
35,721 
80,602 
45,005 
80,868 
Creditors: amounts falling due within one year
(58,438)
(51,662)
Net current (liabilities)/assets
(13,433)
29,206 
Total assets less current liabilities
37,442 
54,891 
Creditors: amounts falling due after more than one year
(25,048)
(31,017)
Provisions for liabilities
Deferred tax
(9,666)
(4,880)
Net assets
2,728 
18,994 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,628 
18,894 
Shareholders' funds
2,728 
18,994 
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 29 January 2025 and were signed on its behalf by
S N Webster Director Company Registration No. 7025984
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BTB CONTRACTS Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
BTB CONTRACTS Limited is a private company, limited by shares, registered in England and Wales, registration number 7025984. The registered office is Moreton House, 31 High Street, Bucks,, Buckingham, MK18 1NU, United Kingdom.
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 £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
15% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
25% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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BTB CONTRACTS Limited Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2023
16,106 
76,188 
200 
4,594 
97,088 
Additions
249 
50,167 
- 
- 
50,416 
Disposals
(8,977)
(59,680)
- 
(3,390)
(72,047)
At 31 August 2024
7,378 
66,675 
200 
1,204 
75,457 
Depreciation
At 1 September 2023
11,048 
56,216 
166 
3,973 
71,403 
Charge for the year
460 
8,464 
7 
94 
9,025 
On disposals
(6,737)
(45,965)
- 
(3,144)
(55,846)
At 31 August 2024
4,771 
18,715 
173 
923 
24,582 
Net book value
At 31 August 2024
2,607 
47,960 
27 
281 
50,875 
At 31 August 2023
5,058 
19,972 
34 
621 
25,685 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
504 
266 
Other debtors
8,780 
- 
9,284 
266 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
8,264 
21,502 
Loans from directors
49,854 
- 
Accruals
320 
160 
Deferred income
- 
30,000 
58,438 
51,662 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
25,048 
31,017 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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