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Registered number: 07182593
B-Tak Investments Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
LK & Associates Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07182593
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 15,436 16,199
Tangible Assets 5 29,279 30,144
44,715 46,343
CURRENT ASSETS
Stocks 6 3,320 3,410
Debtors 7 23,263 10,499
Cash at bank and in hand - 7,179
26,583 21,088
Creditors: Amounts Falling Due Within One Year 8 (91,478 ) (75,643 )
NET CURRENT ASSETS (LIABILITIES) (64,895 ) (54,555 )
TOTAL ASSETS LESS CURRENT LIABILITIES (20,180 ) (8,212 )
Creditors: Amounts Falling Due After More Than One Year 9 (3,385 ) (10,025 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,565 ) (4,729 )
NET LIABILITIES (28,130 ) (22,966 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (28,230 ) (23,066 )
SHAREHOLDERS' FUNDS (28,130) (22,966)
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
B C Adams
Director
07/04/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
B-Tak Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07182593 . The registered office is 16 Ace Parade, Hook Road, Chessington, England, KT9 1DR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are leases. It is amortised to profit and loss account over its estimated economic life of thirty five years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Over the lease term
Plant & Machinery 20% on reducing balance
Motor Vehicles 20% on reducing balance
Fixtures & Fittings 33% on cost
Computer Equipment 20% on reducing balance
2.5. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
Page 3
Page 4
2.7. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss accounts as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 3)
4 3
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 26,680
As at 31 December 2024 26,680
Amortisation
As at 1 January 2024 10,481
Provided during the period 763
As at 31 December 2024 11,244
Net Book Value
As at 31 December 2024 15,436
As at 1 January 2024 16,199
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 - 91,484 41,960 15,535
Additions 5,372 - - 224
As at 31 December 2024 5,372 91,484 41,960 15,759
Depreciation
As at 1 January 2024 - 85,683 18,792 15,374
Provided during the period 386 1,160 4,634 78
As at 31 December 2024 386 86,843 23,426 15,452
Net Book Value
As at 31 December 2024 4,986 4,641 18,534 307
As at 1 January 2024 - 5,801 23,168 161
Page 4
Page 5
Computer Equipment Total
£ £
Cost
As at 1 January 2024 3,119 152,098
Additions - 5,596
As at 31 December 2024 3,119 157,694
Depreciation
As at 1 January 2024 2,105 121,954
Provided during the period 203 6,461
As at 31 December 2024 2,308 128,415
Net Book Value
As at 31 December 2024 811 29,279
As at 1 January 2024 1,014 30,144
6. Stocks
2024 2023
£ £
Stock 3,320 3,410
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,500 1,697
Prepayments and accrued income 6,656 3,051
Other debtors 14,777 5,751
Corporation tax recoverable assets 330 -
23,263 10,499
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,534 4,813
Bank loans and overdrafts 13,015 6,475
Corporation tax - 3,552
Other taxes and social security 646 1,201
VAT 2,220 1,380
Other creditors 11,670 6,195
Pension Payable 179 -
Accruals and deferred income 7,549 869
Director's loan account 48,665 51,158
91,478 75,643
Page 5
Page 6
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 3,385 10,025
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 17,250 -
Later than one year and not later than five years 51,750 -
Later than five years 91,165 -
160,165 -
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