Company Registration No. 04866575 (England and Wales)
B-tech Engineering Limited
Unaudited accounts
for the year ended 31 October 2024
B-tech Engineering Limited
Unaudited accounts
Contents
B-tech Engineering Limited
Company Information
for the year ended 31 October 2024
Directors
Marc Turner
Brian Turner
Company Number
04866575 (England and Wales)
Registered Office
Unit 45 Longshot Industrial Estate
Longshot Lane
Bracknell
RG12 1RL
Accountants
Blue Cube Accountants Limited
7 High Street
Windsor
SL4 1LD
B-tech Engineering Limited
Statement of financial position
as at 31 October 2024
Tangible assets
1,746,470
1,465,369
Investments
950,618
894,476
Cash at bank and in hand
748,002
577,211
Creditors: amounts falling due within one year
(541,003)
(479,900)
Net current assets
2,073,617
1,836,019
Total assets less current liabilities
3,820,087
3,301,388
Creditors: amounts falling due after more than one year
(178,323)
(24,000)
Provisions for liabilities
Deferred tax
(276,787)
(192,356)
Net assets
3,364,977
3,085,032
Called up share capital
1,313
1,313
Profit and loss account
3,363,664
3,083,719
Shareholders' funds
3,364,977
3,085,032
For the year ending 31 October 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 10 February 2025 and were signed on its behalf by
Marc Turner
Director
Company Registration No. 04866575
B-tech Engineering Limited
Notes to the Accounts
for the year ended 31 October 2024
B-tech Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 04866575. The registered office is Unit 45 Longshot Industrial Estate, Longshot Lane , Bracknell, RG12 1RL.
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to 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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investments in shares are included at fair value.
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:
Land & buildings
no depreciation provided
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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 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.
B-tech Engineering Limited
Notes to the Accounts
for the year ended 31 October 2024
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charge to the profit & loss account in the period to which they relate.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Expenditure on research and development is written off in the year in which it is incurred.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
3
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2023
563,601
2,778,226
36,093
26,839
3,404,759
Additions
-
506,532
-
-
506,532
Disposals
-
(320,000)
-
-
(320,000)
At 31 October 2024
563,601
2,964,758
36,093
26,839
3,591,291
At 1 November 2023
-
1,899,566
24,037
15,787
1,939,390
Charge for the year
-
157,759
3,014
1,658
162,431
On disposals
-
(257,000)
-
-
(257,000)
At 31 October 2024
-
1,800,325
27,051
17,445
1,844,821
At 31 October 2024
563,601
1,164,433
9,042
9,394
1,746,470
At 31 October 2023
563,601
878,660
12,056
11,052
1,465,369
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
452,739
225,456
B-tech Engineering Limited
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
Trade debtors
786,778
707,537
Amounts due from group undertakings etc.
9,172
6,277
Accrued income and prepayments
58,270
70,629
Other debtors
29,780
30,789
5
Investments held as current assets
2024
2023
Unlisted investments
950,618
894,476
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
81,946
57,600
Trade creditors
171,292
107,793
Taxes and social security
178,858
181,534
Other creditors
9,612
5,075
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
178,323
24,000
Allotted, called up and fully paid:
1,000 A shares of £1 each
1,000
1,000
300 B shares of £1 each
300
300
13 C shares of £1 each
13
13
9
Transactions with related parties
Included in debtors is £9,171 (2023 - £6,277) owed from B & M Holdings Limited. This is the parent company.
The parent company is B & M Holdings Limited and the registered office is Unit 45 Longshot Industrial Estate, Longshot Lane, Bracknell, England, RG12 1RL.
11
Average number of employees
During the year the average number of employees was 25 (2023: 23).