Company Registration No. 12438044 (England and Wales)
BTMIH LTD
Unaudited accounts
for the year ended 29 February 2024
BTMIH LTD
Unaudited accounts
Contents
BTMIH LTD
Company Information
for the year ended 29 February 2024
Directors
M T Mahmood
B Tariq
Company Number
12438044 (England and Wales)
Registered Office
ALBANS ACCOUNTING
405 HATFIELD ROAD
ST ALBANS
AL4 0XP
UNITED KINGDOM
BTMIH LTD
Statement of financial position
as at 29 February 2024
Tangible assets
253,592
365,435
Cash at bank and in hand
3,770
4,799
Creditors: amounts falling due within one year
(4,714)
(183)
Net current assets
8,599
5,052
Total assets less current liabilities
262,191
370,487
Creditors: amounts falling due after more than one year
(238,204)
(236,554)
Provisions for liabilities
Deferred tax
(3,794)
(24,799)
Called up share capital
10
10
Revaluation reserve
16,175
105,720
Profit and loss account
4,008
3,404
Shareholders' funds
20,193
109,134
For the year ending 29 February 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 13 February 2025 and were signed on its behalf by
M T Mahmood
Director
Company Registration No. 12438044
BTMIH LTD
Notes to the Accounts
for the year ended 29 February 2024
BTMIH LTD is a private company, limited by shares, registered in England and Wales, registration number 12438044. The registered office is ALBANS ACCOUNTING, 405 HATFIELD ROAD, ST ALBANS, AL4 0XP, 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.
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.
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:
Fixtures & fittings
20% straight line
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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.
BTMIH LTD
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2023
362,809
6,465
369,274
Revaluations
(110,550)
-
(110,550)
At 29 February 2024
252,259
6,465
258,724
At 1 March 2023
-
3,839
3,839
Charge for the year
-
1,293
1,293
At 29 February 2024
-
5,132
5,132
At 29 February 2024
252,259
1,333
253,592
At 28 February 2023
362,809
2,626
365,435
Carrying amount of land and buildings on cost basis
232,290
232,290
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
628
183
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
119,239
127,149
Other creditors
118,965
109,405
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).