Registration number: 10785804

BTS NQ Ltd

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 6

BTS NQ Ltd

(Registration number: 10785804)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	231,494	324,852
Current assets
Stocks	5	15,300,000	17,750,000
Debtors	6	510,344	240,901
Cash at bank and in hand		1,261,385	1,255,622
		17,071,729	19,246,523
Creditors: Amounts falling due within one year	7	(5,566,524)	(5,516,372)
Net current assets		11,505,205	13,730,151
Total assets less current liabilities		11,736,699	14,055,003
Creditors: Amounts falling due after more than one year	7	(30,154,720)	(27,040,638)
Provisions for liabilities		(50,423)	-
Net liabilities		(18,468,444)	(12,985,635)
Capital and reserves
Called up share capital		60	60
Retained earnings		(18,468,504)	(12,985,695)
Shareholders' deficit		(18,468,444)	(12,985,635)

These financial statements have been prepared and delivered 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 prepared and 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 13 October 2025 and signed on its behalf by:
 

......................................... Mr P J Kirszanek Director

BTS NQ Ltd

Notes to the Financial Statements for the Year Ended 31 January 2025

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:
The Spectrum
Benson Road
Birchwood
Warrington
WA3 7PQ

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

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

These Financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by a related company. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

Audit report
The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 13 October 2025 was Mr Damian Wayne Riley FCCA, who signed for and on behalf of Alextra Audit Limited.

BTS NQ Ltd

Notes to the Financial Statements for the Year Ended 31 January 2025

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	straight line over 4 years

Stocks

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

BTS NQ Ltd

Notes to the Financial Statements for the Year Ended 31 January 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 February 2024	392,972	392,972
Additions	5,440	5,440
At 31 January 2025	398,412	398,412
Depreciation
At 1 February 2024	68,120	68,120
Charge for the year	98,798	98,798
At 31 January 2025	166,918	166,918
Carrying amount
At 31 January 2025	231,494	231,494
At 31 January 2024	324,852	324,852

5

Stocks

	2025 £	2024 £
Work in progress	15,300,000	17,750,000

BTS NQ Ltd

Notes to the Financial Statements for the Year Ended 31 January 2025

6

Debtors

	2025 £	2024 £
Trade debtors	92,628	-
Prepayments	261,983	144,685
Other debtors	155,733	96,216
	510,344	240,901

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	223,388	101,307
Amounts owed to related parties	5,185,884	5,301,632
Taxation and social security	3,867	-
Accruals	153,385	113,433
	5,566,524	5,516,372