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REGISTERED NUMBER: 13280202 (England and Wales)


BGTS Ltd

Abridged Financial Statements

for the Year Ended 31 December 2024






BGTS Ltd (Registered number: 13280202)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


BGTS Ltd

Company Information
for the year ended 31 December 2024







DIRECTOR: Mr S Alamsetti





SECRETARY:





REGISTERED OFFICE: Soho Works
180 Strand
London
WC2R 1EA





REGISTERED NUMBER: 13280202 (England and Wales)





AUDITORS: Alton & Co
Chartered Accountants
& Statutory Auditors
239-241 Kennington Lane
London
SE11 5QU

BGTS Ltd (Registered number: 13280202)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 17,080 16,183

CURRENT ASSETS
Debtors 5 182,875 101,581
Cash at bank 145,111 320,507
327,986 422,088
CREDITORS
Amounts falling due within one year 6 297,195 432,997
NET CURRENT ASSETS/(LIABILITIES) 30,791 (10,909 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,871

5,274

PROVISIONS FOR LIABILITIES 7 4,270 4,046
NET ASSETS 43,601 1,228

CAPITAL AND RESERVES
Called up share capital 8 50,000 50,000
Retained earnings 9 (6,399 ) (48,772 )
SHAREHOLDERS' FUNDS 43,601 1,228

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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 4 June 2025 and were signed by:




Mr S Alamsetti - Director


BGTS Ltd (Registered number: 13280202)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

BGTS Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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

Turnover is derived from the ordinary trading activities of the business and is recognised when the customers obtain the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

BGTS Ltd (Registered number: 13280202)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 January 2024 24,998
Additions 6,594
At 31 December 2024 31,592
DEPRECIATION
At 1 January 2024 8,815
Charge for year 5,697
At 31 December 2024 14,512
NET BOOK VALUE
At 31 December 2024 17,080
At 31 December 2023 16,183

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 111,990 50,445
Amounts owed by group undertakings - 43,823
Other debtors 70,885 7,313
182,875 101,581

BGTS Ltd (Registered number: 13280202)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 138,857 36,050
Taxation and social security 73,864 105,052
Other creditors 84,474 291,895
297,195 432,997

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,270 4,046

Deferred
tax
£   
Balance at 1 January 2024 4,046
Charge to Statement of Income and Retained Earnings during year 224
Balance at 31 December 2024 4,270

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50,000 Ordinary £1 50,000 50,000

9. RESERVES
Retained
earnings
£   

At 1 January 2024 (48,772 )
Profit for the year 42,373
At 31 December 2024 (6,399 )

BGTS Ltd (Registered number: 13280202)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Altan Kemal FCA FCCA (Senior Statutory Auditor)
for and on behalf of Alton & Co

11. RELATED PARTY DISCLOSURES

Transactions with entities under common control:

2024 2023

Sales - 1,242
Purchases 868,568 477,143
Trade debtors - 1,242
Trade creditors 130,657 21,395
Amount due to related party - -
Amount due from related party - 43,823

The balances above are repayable on demand.

12. ULTIMATE CONTROLLING PARTY

Bilge Adam Yazilim ve Teknoloji A.S. (incorporated in Turkey) is the company's parent company.