BC Innovative Technologies Limited 09163147 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is engineering design. Digita Accounts Production Advanced 6.30.9574.0 true true 09163147 2023-09-01 2024-08-31 09163147 2024-08-31 09163147 core:RetainedEarningsAccumulatedLosses 2024-08-31 09163147 core:ShareCapital 2024-08-31 09163147 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 09163147 core:PatentsTrademarksLicencesConcessionsSimilar 2024-08-31 09163147 bus:SmallEntities 2023-09-01 2024-08-31 09163147 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 09163147 bus:FilletedAccounts 2023-09-01 2024-08-31 09163147 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09163147 bus:RegisteredOffice 2023-09-01 2024-08-31 09163147 bus:Director1 2023-09-01 2024-08-31 09163147 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09163147 core:PatentsTrademarksLicencesConcessionsSimilar 2023-09-01 2024-08-31 09163147 countries:EnglandWales 2023-09-01 2024-08-31 09163147 2023-08-31 09163147 core:PatentsTrademarksLicencesConcessionsSimilar 2023-08-31 09163147 2022-09-01 2023-08-31 09163147 2023-08-31 09163147 core:RetainedEarningsAccumulatedLosses 2023-08-31 09163147 core:ShareCapital 2023-08-31 09163147 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 09163147 core:PatentsTrademarksLicencesConcessionsSimilar 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 09163147

BC Innovative Technologies Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

BC Innovative Technologies Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

BC Innovative Technologies Limited

(Registration number: 09163147)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

29

186

Creditors: Amounts falling due within one year

5

(15,653)

(13,517)

Net liabilities

 

(15,624)

(13,331)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(15,626)

(13,333)

Shareholders' deficit

 

(15,624)

(13,331)

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 March 2025 and signed on its behalf by:
 

.........................................
EJ Canning
Director

 

BC Innovative Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
44 Beresford Street
Nelson
Lancashire
BB9 0JB

The principal place of business is:
28 West Paddock
Leyland
Lancashire
PR25 1HR
England

These financial statements were authorised for issue by the Board on 20 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared in sterling (£) using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

 

BC Innovative Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Asset class

Amortisation method and rate

Patents

Over 10 years

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

BC Innovative Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Intangible assets

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

At 1 September 2023

1,570

1,570

At 31 August 2024

1,570

1,570

Amortisation

At 1 September 2023

1,384

1,384

Amortisation charge

157

157

At 31 August 2024

1,541

1,541

Carrying amount

At 31 August 2024

29

29

At 31 August 2023

186

186

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

360

360

Other creditors

15,293

13,157

15,653

13,517