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COMPANY REGISTRATION NUMBER: 14817735
BTP Foodservice Ltd
Unaudited Abridged Financial Statements
30 April 2025
BTP Foodservice Ltd
Abridged Financial Statements
Year ended 30 April 2025
Contents
Page
Officers and professional advisers
1
Director's report
2
Abridged statement of comprehensive income
3
Abridged statement of financial position
4
Statement of changes in equity
6
Notes to the abridged financial statements
7
BTP Foodservice Ltd
Officers and Professional Advisers
Director
R J Warburton
Registered office
1 George Street
Snow Hill
Wolverhampton
WV2 4DG
Accountants
Daw White Murrall
Chartered accountants
1 George Street
Snow Hill
Wolverhampton
WV2 4DG
BTP Foodservice Ltd
Director's Report
Year ended 30 April 2025
The director presents his report and the unaudited abridged financial statements of the company for the year ended 30 April 2025 .
Director
The director who served the company during the year was as follows:
R J Warburton
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 13 June 2025 and signed on behalf of the board by:
R J Warburton
Director
Registered office:
1 George Street
Snow Hill
Wolverhampton
WV2 4DG
BTP Foodservice Ltd
Abridged Statement of Comprehensive Income
Year ended 30 April 2025
Period from
Year to
20 Apr 23 to
30 Apr 25
30 Apr 24
Note
£
£
Gross profit
769,126
729,660
Administrative expenses
823,081
885,142
---------
---------
Operating loss
( 53,955)
( 155,482)
Interest payable and similar expenses
1,406
1,888
---------
---------
Loss before taxation
5
( 55,361)
( 157,370)
Tax on loss
--------
---------
Loss for the financial year and total comprehensive income
( 55,361)
( 157,370)
--------
---------
All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the year as set out above.
BTP Foodservice Ltd
Abridged Statement of Financial Position
30 April 2025
2025
2024
Note
£
£
Fixed assets
Intangible assets
6
30,001
40,002
Tangible assets
7
8,139
14,218
--------
--------
38,140
54,220
Current assets
Stocks
70,327
89,988
Debtors
160,751
202,126
Cash at bank and in hand
46,332
61,686
---------
---------
277,410
353,800
Creditors: amounts falling due within one year
528,271
565,380
---------
---------
Net current liabilities
250,861
211,580
---------
---------
Total assets less current liabilities
( 212,721)
( 157,360)
---------
---------
Net liabilities
( 212,721)
( 157,360)
---------
---------
Capital and reserves
Called up share capital
10
10
Profit and loss account
( 212,731)
( 157,370)
---------
---------
Shareholders deficit
( 212,721)
( 157,360)
---------
---------
These abridged financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.
BTP Foodservice Ltd
Abridged Statement of Financial Position (continued)
30 April 2025
These abridged financial statements were approved by the board of directors and authorised for issue on 13 June 2025 , and are signed on behalf of the board by:
R J Warburton
Director
Company registration number: 14817735
BTP Foodservice Ltd
Statement of Changes in Equity
Year ended 30 April 2025
Called up share capital
Profit and loss account
Total
£
£
£
At 20 April 2023
Loss for the year
( 157,370)
( 157,370)
----
---------
---------
Total comprehensive income for the year
( 157,370)
( 157,370)
Issue of shares
10
10
----
---------
---------
Total investments by and distributions to owners
10
10
At 30 April 2024
10
( 157,370)
( 157,360)
Loss for the year
( 55,361)
( 55,361)
----
---------
---------
Total comprehensive income for the year
( 55,361)
( 55,361)
----
---------
---------
At 30 April 2025
10
( 212,731)
( 212,721)
----
---------
---------
BTP Foodservice Ltd
Notes to the Abridged Financial Statements
Year ended 30 April 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 George Street, Snow Hill, Wolverhampton, WV2 4DG.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
33% straight line
Fixtures and fittings
-
33% straight line
Equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 48 (2024: 57 ).
5. Profit before taxation
Profit before taxation is stated after charging:
Period from
Year to
20 Apr 23 to
30 Apr 25
30 Apr 24
£
£
Amortisation of intangible assets
10,001
10,001
Depreciation of tangible assets
6,679
5,610
--------
--------
6. Intangible assets
£
Cost
At 1 May 2024 and 30 April 2025
50,003
--------
Amortisation
At 1 May 2024
10,001
Charge for the year
10,001
--------
At 30 April 2025
20,002
--------
Carrying amount
At 30 April 2025
30,001
--------
At 30 April 2024
40,002
--------
7. Tangible assets
£
Cost
At 1 May 2024
19,828
Additions
600
--------
At 30 April 2025
20,428
--------
Depreciation
At 1 May 2024
5,610
Charge for the year
6,679
--------
At 30 April 2025
12,289
--------
Carrying amount
At 30 April 2025
8,139
--------
At 30 April 2024
14,218
--------
8. Related party transactions
At 30 April 2025 the company had outstanding loans due to the directors of £216,761 (2024: £146,087) included within other creditors. All related party loans are interest-free and repayable on demand.