Butts International Limited - Accounts to registrar (filleted) - small 18.2

Butts International Limited - Accounts to registrar (filleted) - small 18.2

BUTTS INTERNATIONAL LIMITED - Company Information

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REGISTERED NUMBER: 01481860 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

BUTTS INTERNATIONAL LIMITED
BUTTS INTERNATIONAL LIMITED (REGISTERED NUMBER: 01481860)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

BUTTS INTERNATIONAL LIMITED

COMPANY INFORMATION
for the year ended 31 December 2018







DIRECTOR: Z Q Butt





SECRETARY: Mrs N B Butt





REGISTERED OFFICE: 17 Adelaide Road
Reading
Berkshire
RG6 1PE





REGISTERED NUMBER: 01481860 (England and Wales)





ACCOUNTANTS: Durrants - Calleva
Accountants and Tax Advisors
4 Comet House
Calleva Park
Aldermaston
Berkshire
RG7 8JA
Page 1
BUTTS INTERNATIONAL LIMITED (REGISTERED NUMBER: 01481860)

BALANCE SHEET
31 December 2018

31/12/18 31/12/17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,353 2,343

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 58,671 88,571
Prepayments and accrued income 2,521 -
Cash at bank and in hand 5,898 12,198
68,090 101,769
CREDITORS
Amounts falling due within one year 6 17,500 92,082
NET CURRENT ASSETS 50,590 9,687
TOTAL ASSETS LESS CURRENT LIABILITIES 52,943 12,030

CREDITORS
Amounts falling due after more than one
year
7
47,141
-
NET ASSETS 5,802 12,030

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,702 11,930
SHAREHOLDERS' FUNDS 5,802 12,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 notes form part of these financial statements

Page 2 continued...
BUTTS INTERNATIONAL LIMITED (REGISTERED NUMBER: 01481860)

BALANCE SHEET - continued
31 December 2018


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 on 29 September 2019 and were signed by:





Z Q Butt - Director


The notes form part of these financial statements

Page 3
BUTTS INTERNATIONAL LIMITED (REGISTERED NUMBER: 01481860)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2018

1. STATUTORY INFORMATION

Butts International 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet 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.

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 9 (2017 - 7 ) .

Page 4 continued...
BUTTS INTERNATIONAL LIMITED (REGISTERED NUMBER: 01481860)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2018

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2018 12,070
Additions 715
At 31 December 2018 12,785
DEPRECIATION
At 1 January 2018 9,727
Charge for year 705
At 31 December 2018 10,432
NET BOOK VALUE
At 31 December 2018 2,353
At 31 December 2017 2,343

5. DEBTORS
31/12/18 31/12/17
£    £   
Amounts falling due within one year:
Trade debtors 19,508 16,467
Other debtors 5,113 15,139
24,621 31,606

Amounts falling due after more than one year:
Other debtors 34,050 56,965

Aggregate amounts 58,671 88,571

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/18 31/12/17
£    £   
Trade creditors 8,367 14,466
Taxation and social security 5,884 20,399
Other creditors 3,249 57,217
17,500 92,082

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/12/18 31/12/17
£    £   
Other creditors 47,141 -

Page 5
BUTTS INTERNATIONAL LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
BUTTS INTERNATIONAL LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a
Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2018 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Durrants - Calleva
Accountants and Tax Advisors
4 Comet House
Calleva Park
Aldermaston
Berkshire
RG7 8JA


Date: .............................................

This page does not form part of the statutory financial statements

Page 6