BTFI Limited Accounts






BTFI Limited

	Company No. 05177125
		Information for Filing with The Registrar
		30 September 2022

The Director presents his report and the accounts for the year ended 30 September 2022.

Principal activities
The principal activity of the company during the year under review was motivational speaker, leadership and team development .




Director

The Director who served at any time during the year was as follows:

R.N.J. Tyler





































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

R.N.J. Tyler
Director
09 June 2023

at	30 September 2022
Company No.		05177125	Notes	2022	2021
				£	£
Fixed assets

	Tangible assets		4	6,584	3,557


				6,584	3,557
Current assets
	Stocks		5	5,534	6,118
	Debtors		6	12,486	42,020

	Cash at bank and in hand			117,222	136,416
				135,242	184,554
Creditors: Amount falling due within one year			7	(10,665)	(27,247)
Net current assets				124,577	157,307
Total assets less current liabilities				131,161	160,864

Provisions for liabilities
	Deferred taxation		8	(78)	-

Net assets				131,083	160,864

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		9	130,983	160,764

Total equity				131,083	160,864



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 09 June 2023
And signed on its behalf by:
R.N.J. Tyler
Director
09 June 2023

for the year ended 30 September 2022

General information

Its registered number is: 05177125

Its registered office is:

20-22 Wenlock Road

London

N1 7GU

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2022	2021
			Number	Number
		The average monthly number of employees (including directors) during the year was:	1	1

4	Tangible fixed assets
			Plant and machinery	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 October 2021	4,303	18,128	22,431
		Additions	-	5,215	5,215



		At 30 September 2022	4,303	23,343	27,646
		Depreciation
		At 1 October 2021	3,990	14,886	18,876
		Charge for the year	118	2,068	2,186



		At 30 September 2022	4,108	16,954	21,062
		Net book values
		At 30 September 2022	195	6,389	6,584
		At 30 September 2021	313	3,242	3,557

5	Stocks
			2022	2021
			£	£


		Finished goods	5,534	6,118
			5,534	6,118

6	Debtors
			2022	2021
			£	£
		Trade debtors	12,000	41,280






		Prepayments and accrued income	486	740
			12,486	42,020

7	Creditors:
		amounts falling due within one year
			2022	2021
			£	£




		Trade creditors	568	682

		Corporation tax	9,773	9,586
		Other taxes and social security	(1,816)	13,087
		Loans from directors	1,482	2,741

		Accruals and deferred income	658	1,151
			10,665	27,247

8	Provisions for liabilities
		Deferred taxation

			Accelerated Capital Allowances, Losses and Other Timing Differences	Total
			£	£

		Charge to the profit and loss account for the period	78	78

		At 30 September 2022	78	78



			2022	2021
			£	£
		Accelerated capital allowances	78	-



			78	-

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.