BTC (London) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08781373 (England and Wales)

Financial Statements for the Year Ended 31 March 2019

for

BTC (London) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Sodha

R Sodha

SECRETARY:

R Sodha

REGISTERED OFFICE:

29 Albury Drive

Pinner

Middlesex

HA5 3RL

REGISTERED NUMBER:

08781373 (England and Wales)

ACCOUNTANTS:

J N Simaria & Co

Accountants

29 Albury Drive

Pinner

Middlesex

HA5 3RL

FIXED ASSETS

Intangible assets

4

162,500

195,000

Tangible assets

5

26,827

31,925

189,327

226,925

CURRENT ASSETS

Debtors

6

381,983

266,563

Cash at bank and in hand

357,400

438,978

739,383

705,541

CREDITORS

Amounts falling due within one year

7

226,853

191,381

NET CURRENT ASSETS

512,530

514,160

TOTAL ASSETS LESS CURRENT LIABILITIES

701,857

741,085

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

701,855

741,083

SHAREHOLDERS' FUNDS

701,857

741,085

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 December 2019 and were signed on its behalf by:

A Sodha - Director

R Sodha - Director

1.	STATUTORY INFORMATION

BTC (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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill , being the amount paid in connection with the acquisition of partnership business in April 2014 are

being written off evenly over estimated useful lives of ten 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.

Improvements to property

-

in accordance with the property

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

10% on reducing balance

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 23 (2018 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

325,000

AMORTISATION

At 1 April 2018

130,000

Amortisation for year

32,500

At 31 March 2019

162,500

NET BOOK VALUE

At 31 March 2019

162,500

At 31 March 2018

195,000

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2018

and 31 March 2019

4,372

17,745

5,925

34,898

62,940

DEPRECIATION

At 1 April 2018

4,372

7,791

1,980

16,872

31,015

Charge for year

-

1,493

-

3,605

5,098

At 31 March 2019

4,372

9,284

1,980

20,477

36,113

NET BOOK VALUE

At 31 March 2019

-

8,461

3,945

14,421

26,827

At 31 March 2018

-

9,954

3,945

18,026

31,925

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

23,941

36,619

Other debtors

348,292

220,194

Prepayments and accrued income

9,750

9,750

381,983

266,563

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans and overdrafts

987

987

Trade creditors

-

2

Corporation tax payable

39,815

61,000

Social security and other taxes

147,037

124,546

Other creditors

20,945

-

Directors' current accounts

925

98

Accrued expenses

17,144

4,748

226,853

191,381

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

2

Ordinary

1

2

2

9.

RESERVES

Retained

earnings

£

At 1 April 2018

741,083

Profit for the year

160,772

Dividends

(200,000

)

At 31 March 2019

701,855