REGISTERED NUMBER: 08739803 (England and Wales)

BTS LONDON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

B J Turner

REGISTERED OFFICE:

35-37 Kingsway

Kirkby-in-Ashfield

Nottinghamshire

NG17 7DR

REGISTERED NUMBER:

08739803 (England and Wales)

ACCOUNTANTS:

Killicks Limited

35/37 Kingsway

Kirkby in Ashfield

Nottinghamshire

NG17 7DR

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

131,852

93,917

131,852

93,917

CURRENT ASSETS

Stocks

5,000

5,000

Debtors

6

527,141

472,634

Cash at bank

47,079

216,109

579,220

693,743

CREDITORS

Amounts falling due within one year

7

272,764

312,735

NET CURRENT ASSETS

306,456

381,008

TOTAL ASSETS LESS CURRENT LIABILITIES

438,308

474,925

CREDITORS

Amounts falling due after more than one year

8

(72,327

)

(54,077

)

PROVISIONS FOR LIABILITIES

(26,500

)

(23,500

)

NET ASSETS

339,481

397,348

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

339,480

397,347

SHAREHOLDERS' FUNDS

339,481

397,348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

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 16 December 2025 and were signed by:

B J Turner - Director

1.	STATUTORY INFORMATION

BTS London Limited 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.

Revenue recognition

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

Revenue comprises the fair value of consideration received or receivable, net of VAT, rebates and discounts.

Revenue arises from increases in valuations on contracts. Profit on contracts is calculated in accordance with accounting standards . The principal estimation technique used in attributing profits on contracts to a particular period is the preparation of forecasts on a contract by contact basis. These focus on revenues and costs to complete and enable an assessment to be made of the final position on each contact. Percentage completion is calculated by taking certified value to date as a percentage of estimated final value.

Foreseeable losses on contracts are accounted for immediately when a loss is foreseen.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 7 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

250,000

AMORTISATION

At 1 April 2024

and 31 March 2025

250,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

-

179,573

179,573

Additions

8,000

84,065

92,065

Disposals

-

(33,918

)

(33,918

)

At 31 March 2025

8,000

229,720

237,720

DEPRECIATION

At 1 April 2024

-

85,656

85,656

Charge for year

-

43,398

43,398

Eliminated on disposal

-

(23,186

)

(23,186

)

At 31 March 2025

-

105,868

105,868

NET BOOK VALUE

At 31 March 2025

8,000

123,852

131,852

At 31 March 2024

-

93,917

93,917

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

113,101

Additions

84,065

Disposals

(33,918

)

At 31 March 2025

163,248

DEPRECIATION

At 1 April 2024

41,239

Charge for year

36,298

Eliminated on disposal

(23,186

)

At 31 March 2025

54,351

NET BOOK VALUE

At 31 March 2025

108,897

At 31 March 2024

71,862

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

525,662

472,634

Other debtors

1,479

-

527,141

472,634

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

30,440

12,592

Trade creditors

104,195

75,344

Taxation and social security

67,415

153,876

Other creditors

70,714

70,923

272,764

312,735

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

72,327

54,077

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

102,767

66,669

10.	RELATED PARTY DISCLOSURES

The company has a current account with the sole director, BJ Turner. At 31 March 2025, £49,164 (2024: £66,076) was owed by the company to him. The amount is unsecured, interest-free and has no terms of repayment.