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COMPANY REGISTRATION NUMBER: 09457629
BT1 Dev Limited
Filleted Unaudited Financial Statements
29 February 2024
BT1 Dev Limited
Financial Statements
Year ended 29 February 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
BT1 Dev Limited
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
£
£
Current assets
Stocks
292,770
292,770
Debtors
4
63,981
63,981
Cash at bank and in hand
2
----------
----------
356,751
356,753
Creditors: amounts falling due within one year
5
369,200
358,174
----------
----------
Net current liabilities
12,449
1,421
--------
-------
Total assets less current liabilities
( 12,449)
( 1,421)
Creditors: amounts falling due after more than one year
6
17,405
17,637
--------
--------
Net liabilities
( 29,854)
( 19,058)
--------
--------
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
( 29,954)
( 19,158)
--------
--------
Shareholder deficit
( 29,854)
( 19,058)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BT1 Dev Limited
Statement of Financial Position (continued)
29 February 2024
These financial statements were approved by the board of directors and authorised for issue on 25 February 2025 , and are signed on behalf of the board by:
Mr J East
Director
Company registration number: 09457629
BT1 Dev Limited
Notes to the Financial Statements
Year ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Printing House, 66 Lower Road, Harrow HA2 0DH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The going concern basis has been used. Of the company's liabilities £294,407 is owed to the director and it has been agreed that repayment will not be demanded whilst such action would adversely affect the company's operations. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of the assets to their recoverable amount and to provide for any further liabilities that might arise.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Debtors
2024
2023
£
£
Other debtors
63,981
63,981
--------
--------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
2,864
2,778
Trade creditors
4,733
250
Accruals and deferred income
1,450
2,350
Director loan accounts
294,407
287,050
Other creditors
65,746
65,746
----------
----------
369,200
358,174
----------
----------
The bank loans and overdrafts amount include a Bounce Back loan which is secured by a government guarantee.
6. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
17,405
17,637
--------
--------
The bank loans and overdrafts amount include a Bounce Back loan which is secured by a government guarantee.
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
8. Controlling party
100% of the share capital is owned by Berkley Taylor Limited. The director considers this to be the ultimate parent company.