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REGISTERED NUMBER: 13714301 (England and Wales)















Belt-Tech Limited

Unaudited Financial Statements

For The Year Ended

30th November 2024






Belt-Tech Limited (Registered number: 13714301)

Contents of the Financial Statements
For The Year Ended 30th November 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 3


Belt-Tech Limited (Registered number: 13714301)

Balance Sheet
30th November 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 31,100 40,605

CURRENT ASSETS
Debtors 5 69,412 52,611
Cash at bank 49,484 35,963
118,896 88,574
CREDITORS
Amounts falling due within one year 6 109,041 107,087
NET CURRENT ASSETS/(LIABILITIES) 9,855 (18,513 )
TOTAL ASSETS LESS CURRENT LIABILITIES 40,955 22,092

PROVISIONS FOR LIABILITIES 5,909 7,715
NET ASSETS 35,046 14,377

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 34,946 14,277
SHAREHOLDERS' FUNDS 35,046 14,377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th April 2025 and were signed on its behalf by:




J H Bridges - Director



A W Hussey - Director


Belt-Tech Limited (Registered number: 13714301)

Notes to the Financial Statements
For The Year Ended 30th November 2024


1. STATUTORY INFORMATION

Belt-Tech Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13714301

Registered office: 6 Selion Way
Elmswell
Bury St. Edmunds
Suffolk
IP30 9YA

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% straight line

Taxation
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
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Belt-Tech Limited (Registered number: 13714301)

Notes to the Financial Statements - continued
For The Year Ended 30th November 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st December 2023
and 30th November 2024 23,801 33,598 694 58,093
DEPRECIATION
At 1st December 2023 7,743 9,338 407 17,488
Charge for year 3,211 6,065 229 9,505
At 30th November 2024 10,954 15,403 636 26,993
NET BOOK VALUE
At 30th November 2024 12,847 18,195 58 31,100
At 30th November 2023 16,058 24,260 287 40,605

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 69,412 52,611

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 287
Taxation and social security 51,532 29,617
Other creditors 57,509 77,183
109,041 107,087

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, the directors were owed £56,599 (2023 - £76,422) by the company. The loan is interest free and has no fixed repayment terms.