BTECH LTD
Registered number: 04926926
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 493,569 74,495
Current assets
Stocks 5,000 5,000
Debtors 5 439,927 607,263
Cash at bank and in hand 343,634 237,139
788,561 849,402
Creditors: amounts falling due within one year 6 (224,812) (214,706)
Net current assets 563,749 634,696
Total assets less current liabilities 1,057,318 709,191
Creditors: amounts falling due after more than one year 7 (197,919) -
Provisions for liabilities (254) (254)
Net assets 859,145 708,937
Capital and reserves
Called up share capital 100 100
Profit and loss account 859,045 708,837
Shareholders' funds 859,145 708,937
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Brendan Tynan
Director
Approved by the board on 21 December 2024
BTECH LTD
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the value, net of value added tax, of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives using the following rates
Office equipment over 3 years
Tools and equipment over 5 years
Freehold buildings over 50 years
Motor vehicles over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. revenue is recognised.
Debtors
Debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are recognised at transaction price including any transaction costs.
Creditors
Creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing differences.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets £
Land and Buildings
Cost
Additions 435,338
At 31 August 2024 435,338
Depreciation
Provided during the year 21,767
At 31 August 2024 21,767
Net book value
At 31 August 2024 413,571
4 Tangible fixed assets
Office equipment Tools and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 September 2023 36,482 111,482 102,778 250,742
Additions 531 10,454 26,020 37,005
At 31 August 2024 37,013 121,936 128,798 287,747
Depreciation
At 1 September 2023 35,796 48,936 91,515 176,247
Charge for the year 496 20,247 10,759 31,502
At 31 August 2024 36,292 69,183 102,274 207,749
Net book value
At 31 August 2024 721 52,753 26,524 79,998
At 31 August 2023 686 62,546 11,263 74,495
Freehold land and buildings: 2024 2023
£ £
Historical cost 435,338 -
Cumulative depreciation based on historical cost 8,707 -
426,631 -
5 Debtors 2024 2023
£ £
Trade debtors 438,945 607,263
Other debtors 982 -
439,927 607,263
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors (7,117) (17,837)
Corporation tax 80,649 70,807
Other taxes and social security costs 122,507 133,907
Directors' loan accounts 28,773 27,829
224,812 214,706
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 197,919 -
8 Loans 2024 2023
£ £
Amounts payable otherwise than by instalment falling due for payment after more than five years -
Instalments falling due for payment within five years 40,574 -
Instalments falling due for payment after more than five years 157,345 -
197,919 -
9 Other information
BTECH LTD is a private company limited by shares and incorporated in England. Its registered office is:
97 Rodway Road
Patchway
Bristol
BS34 5PH
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