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

REGISTERED NUMBER: 01481860 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

BUTTS INTERNATIONAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Z Q Butt

SECRETARY:

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

FIXED ASSETS

Tangible assets

4

1,983

2,353

CURRENT ASSETS

Stocks

16,000

1,000

Debtors

5

83,045

58,671

Prepayments and accrued income

8,521

2,521

Cash at bank and in hand

2,082

5,898

109,648

68,090

CREDITORS

Amounts falling due within one year

6

63,418

17,500

NET CURRENT ASSETS

46,230

50,590

TOTAL ASSETS LESS CURRENT LIABILITIES

48,213

52,943

CREDITORS

Amounts falling due after more than one year

7

31,770

47,141

NET ASSETS

16,443

5,802

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

16,343

5,702

SHAREHOLDERS' FUNDS

16,443

5,802

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 December 2020 and were signed by:

Z Q Butt - Director

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 11 (2018 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2019

12,785

Additions

291

At 31 December 2019

13,076

DEPRECIATION

At 1 January 2019

10,432

Charge for year

661

At 31 December 2019

11,093

NET BOOK VALUE

At 31 December 2019

1,983

At 31 December 2018

2,353

5.

DEBTORS

31/12/19

31/12/18

£

£

Amounts falling due within one year:

Trade debtors

45,629

19,508

Other debtors

-

5,113

45,629

24,621

Amounts falling due after more than one year:

Other debtors

37,416

34,050

Aggregate amounts

83,045

58,671

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/19

31/12/18

£

£

Trade creditors

12,777

8,367

Taxation and social security

13,377

5,884

Other creditors

37,264

3,249

63,418

17,500

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/19

31/12/18

£

£

Other creditors

31,770

47,141