BTN Ltd - Limited company accounts 11.7

REGISTERED NUMBER: 06969614 (England and Wales)

BTN LTD

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2014

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

J Allison

J Bee

REGISTERED OFFICE:

Estate Office

Eridge Green

TUNBRIDGE WELLS

Kent

TN3 9JT

REGISTERED NUMBER:

06969614 (England and Wales)

ACCOUNTANTS:

Brinds Limited

9 Highlands Close

CROWBOROUGH

East Sussex

TN6 1BE

The directors present their report with the financial statements of the company for the year ended 31 December 2014.

DIRECTORS

The directors during the year under review were:

J Allison

J Bee

The beneficial interests of the directors holding office on 31 December 2014 in the issued share capital of the company

were as follows:

31.12.14

1.1.14

ORDINARY A £1 shares

J Allison

24

24

J Bee

26

26

ORDINARY B £1 shares

J Allison

16

16

J Bee

26

26

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

J Allison - Director

30 September 2015

TURNOVER

155,806

155,240

Cost of sales

64,451

86,996

GROSS PROFIT

91,355

68,244

Administrative expenses

83,361

76,311

OPERATING PROFIT/(LOSS) and

PROFIT/(LOSS) ON ORDINARY ACTIVITIES BEFORE TAXATION

2

7,994

(8,067

)

Tax on profit/(loss) on ordinary activities

3

-

-

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

7,994

(8,067

)

FIXED ASSETS

Tangible assets

4

24,450

30,059

CURRENT ASSETS

Debtors

5

21,437

38,457

Cash at bank and in hand

1,843

3,330

23,280

41,787

CREDITORS

Amounts falling due within one year

6

10,057

42,167

NET CURRENT ASSETS/(LIABILITIES)

13,223

(380

)

TOTAL ASSETS LESS CURRENT LIABILITIES

37,673

29,679

CAPITAL AND RESERVES

Called up share capital

7

224

224

Profit & Loss Account

8

37,449

29,455

SHAREHOLDERS' FUNDS

37,673

29,679

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 30 September 2015 and were signed on its behalf by:

J Allison - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

20% on reducing balance

Deferred tax

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

balance sheet date.

2.	OPERATING PROFIT/(LOSS)

The operating profit (2013 - operating loss) is stated after charging:

31.12.14

31.12.13

£

£

Depreciation - owned assets

6,113

7,514

Directors' remuneration and other benefits etc

-

-

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 31 December 2014 nor for the

year ended 31 December 2013.

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2014

58,222

Additions

504

At 31 December 2014

58,726

DEPRECIATION

At 1 January 2014

28,163

Charge for year

6,113

At 31 December 2014

34,276

NET BOOK VALUE

At 31 December 2014

24,450

At 31 December 2013

30,059

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.14

31.12.13

£

£

Trade debtors

15,033

26,401

Other debtors

6,404

12,056

21,437

38,457

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.14

31.12.13

£

£

VAT Enquiry

-

29,092

Trade creditors

750

751

Other creditors

9,307

12,324

10,057

42,167

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

124

ORDINARY A

£1

124

124

100

ORDINARY B

£1

100

100

224

224

8.

RESERVES

Profit &

Loss

Account

£

At 1 January 2014

29,455

Profit for the year

7,994

At 31 December 2014

37,449