BT Systems Limited 30/06/2019 iXBRL

BT Systems Limited 30/06/2019 iXBRL

BT SYSTEMS LIMITED - Company Information

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30/06/2019 2019-06-30 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2018-07-01 Sage Accounts Production 19.0 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 07686012 2018-07-01 2019-06-30 07686012 2019-06-30 07686012 2018-06-30 07686012 2017-07-01 2018-06-30 07686012 2018-06-30 07686012 bus:RegisteredOffice 2018-07-01 2019-06-30 07686012 bus:LeadAgentIfApplicable 2018-07-01 2019-06-30 07686012 bus:Director1 2018-07-01 2019-06-30 07686012 core:FurnitureFittingsToolsEquipment 2018-06-30 07686012 core:MotorVehicles 2018-06-30 07686012 core:FurnitureFittingsToolsEquipment 2019-06-30 07686012 core:MotorVehicles 2019-06-30 07686012 core:WithinOneYear 2019-06-30 07686012 core:WithinOneYear 2018-06-30 07686012 core:ShareCapital 2019-06-30 07686012 core:ShareCapital 2018-06-30 07686012 core:RetainedEarningsAccumulatedLosses 2019-06-30 07686012 core:RetainedEarningsAccumulatedLosses 2018-06-30 07686012 core:FurnitureFittingsToolsEquipment 2018-07-01 2019-06-30 07686012 core:MotorVehicles 2018-07-01 2019-06-30 07686012 core:FurnitureFittingsToolsEquipment 2018-06-30 07686012 core:MotorVehicles 2018-06-30 07686012 bus:Director1 2018-06-30 07686012 bus:Director1 2019-06-30 07686012 bus:Director1 2017-06-30 07686012 bus:Director1 2018-06-30 07686012 bus:Director1 2017-07-01 2018-06-30 07686012 bus:SmallEntities 2018-07-01 2019-06-30 07686012 bus:AuditExempt-NoAccountantsReport 2018-07-01 2019-06-30 07686012 bus:FullAccounts 2018-07-01 2019-06-30 07686012 bus:SmallCompaniesRegimeForAccounts 2018-07-01 2019-06-30 07686012 bus:PrivateLimitedCompanyLtd 2018-07-01 2019-06-30
Company registration number: 07686012
BT Systems Limited
Unaudited filleted financial statements
30 June 2019
BT Systems Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
BT Systems Limited
Directors and other information
Director Mr R Thiele
Company number 07686012
Registered office 45/49 Greek Sreet
Stockport
Cheshire
SK3 8AX
Business address 266 Parr Lane
Bury
BL9 8LU
Accountants Downham Morris & Co
45/49 Greek Street
Stockport
Cheshire
SK3 8AX
BT Systems Limited
Statement of financial position
30 June 2019
2019 2018
Note £ £ £ £
Fixed assets
Tangible assets 5 8,466 10,582
_______ _______
8,466 10,582
Current assets
Debtors 6 18,620 1,620
Cash at bank and in hand 12,697 10,377
_______ _______
31,317 11,997
Creditors: amounts falling due
within one year 7 ( 24,282) ( 18,650)
_______ _______
Net current assets/(liabilities) 7,035 ( 6,653)
_______ _______
Total assets less current liabilities 15,501 3,929
_______ _______
Net assets 15,501 3,929
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 15,401 3,829
_______ _______
Shareholders funds 15,501 3,929
_______ _______
For the year ending 30 June 2019 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 financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 17 March 2020 , and are signed on behalf of the board by:
.........................
Mr R Thiele
Director
Company registration number: 07686012
BT Systems Limited
Notes to the financial statements
Year ended 30 June 2019
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 45/49 Greek Sreet, Stockport, Cheshire, SK3 8AX.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The 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 financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves 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:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
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. 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 are largely independent of the cash inflows from other assets or groups of assets.
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.
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 1 (2018: 1 ).
5. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 July 2018 and 30 June 2019 11,363 10,428 21,791
_______ _______ _______
Depreciation
At 1 July 2018 7,456 3,753 11,209
Charge for the year 781 1,335 2,116
_______ _______ _______
At 30 June 2019 8,237 5,088 13,325
_______ _______ _______
Carrying amount
At 30 June 2019 3,126 5,340 8,466
_______ _______ _______
At 30 June 2018 3,907 6,675 10,582
_______ _______ _______
6. Debtors
2019 2018
£ £
Trade debtors 1,620 1,620
Other debtors 17,000 -
_______ _______
18,620 1,620
_______ _______
7. Creditors: amounts falling due within one year
2019 2018
£ £
Trade creditors 42 256
Corporation tax 9,074 9,360
Social security and other taxes 7,864 6,622
Other creditors 7,302 2,412
_______ _______
24,282 18,650
_______ _______
8. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2019
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr R Thiele ( 747) ( 38,093) 33,213 ( 5,627)
_______ _______ _______ _______
2018
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr R Thiele ( 11) ( 46,072) 45,336 ( 747)
_______ _______ _______ _______
9. Related party transactions
During the year, the company voted dividends to the director totalling £25,000 (2018: £35,000)