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
BTB CONTRACTS Limited
Company Information
for the year ended 31 August 2024
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
BTB CONTRACTS Limited
Statement of financial position
as at 31 August 2024
Tangible assets
50,875
25,685
Cash at bank and in hand
35,721
80,602
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)
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
BTB CONTRACTS Limited
Notes to the Accounts
for the year ended 31 August 2024
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.
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 £ 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 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 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 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.
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
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
At 31 August 2024
2,607
47,960
27
281
50,875
At 31 August 2023
5,058
19,972
34
621
25,685
Amounts falling due within one year
Accrued income and prepayments
504
266
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
8,264
21,502
Loans from directors
49,854
-
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).