BT Systems Limited 30/06/2020 iXBRL
BT Systems Limited 30/06/2020 iXBRL
Company registration number:
07686012
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Directors and other information
Director |
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Company number |
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Registered office |
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Business address |
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Accountants |
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45/49 Greek Street | ||
Stockport | ||
Cheshire | ||
SK3 8AX | ||
Statement of financial position
30 June 2020
2020 | 2019 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Stocks |
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- | |||||||
Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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Net current (liabilities)/assets |
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Total assets less current liabilities |
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Net (liabilities)/assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders (deficit)/funds |
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Director's responsibilities:
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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;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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
24 May 2021
, and are signed on behalf of the board by:
.........................
Director
Company registration number:
07686012
Notes to the financial statements
Year ended 30 June 2020
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
3.
Accounting policies
Basis of preparation
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
Tangible assets
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:
Impairment
Stocks
Government grants
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.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
15
(2019:
1
).
5.
Tangible assets
Fixtures, fittings and equipment | Motor vehicles | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1 July 2019 |
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Additions |
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- |
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Disposals | - |
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At 30 June 2020 |
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- |
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Depreciation | ||||
At 1 July 2019 |
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Charge for the year |
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- |
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Disposals | - |
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At 30 June 2020 |
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- |
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Carrying amount | ||||
At 30 June 2020 |
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- |
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At 30 June 2019 |
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6.
Debtors
2020 | 2019 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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7.
Creditors: amounts falling due within one year
2020 | 2019 | |||
£ | £ | |||
Trade creditors |
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Corporation tax | - |
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Social security and other taxes |
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Other creditors |
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_______ | _______ | |||
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8.
Financial instruments
The carrying amount for each category of financial instrument is as follows:
2020 | 2019 | |||
£ | £ | |||
Financial assets that are debt instruments measured at amortised cost | ||||
Trade debtors | - | 1,620 | ||
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9.
Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company: | |||||
2020 | |||||
Balance brought forward | Advances /(credits) to the director | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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2019 | |||||
Balance brought forward | Advances /(credits) to the director | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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_______ | _______ | _______ | _______ | ||
10.
Related party transactions
During the year, the company voted dividends to the director totalling £- (2019: £25,000)