BTM Dynamics Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC360826 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 June 2017

for

BTM Dynamics Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

B T Mordue

SECRETARY:

S M Mordue

REGISTERED OFFICE:

10 Clydesdale Street

Hamilton

Lanarkshire

ML3 0DP

REGISTERED NUMBER:

SC360826 (Scotland)

ACCOUNTANTS:

Wallace and Company C.A.

10 Clydesdale Street

Hamilton

Strathclyde

ML3 0DP

FIXED ASSETS

Tangible assets

4

1,306

506

CURRENT ASSETS

Debtors

5

26,305

31,609

Cash at bank

138,021

103,948

164,326

135,557

CREDITORS

Amounts falling due within one year

6

87,326

70,372

NET CURRENT ASSETS

77,000

65,185

TOTAL ASSETS LESS CURRENT LIABILITIES

78,306

65,691

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

7

77,306

64,691

SHAREHOLDERS' FUNDS

78,306

65,691

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 28 December 2017 and were signed by:

B T Mordue - Director

1.	STATUTORY INFORMATION

BTM Dynamics Ltd is a private company, limited by shares , registered in Scotland. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Transition to FRS 102

The entity has transitioned from previous UK GAAP to FRS 102 as at 1 July 2016. Details of how FRS 102 has

affected the reported financial position and financial performance is given in note 12.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax, adjusted for services completed

and still to be invoiced as at the balance sheet date.

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

-

33.33% on cost

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 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2016

3,448

Additions

1,579

Disposals

(2,689

)

At 30 June 2017

2,338

DEPRECIATION

At 1 July 2016

2,942

Charge for year

779

Eliminated on disposal

(2,689

)

At 30 June 2017

1,032

NET BOOK VALUE

At 30 June 2017

1,306

At 30 June 2016

506

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

26,305

31,609

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

25,222

25,439

Other creditors

62,104

44,933

87,326

70,372

7.

RESERVES

Retained

earnings

£

At 1 July 2016

64,691

Profit for the year

84,615

Dividends

(72,000

)

At 30 June 2017

77,306

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £36,000 (2016 - £23,500) were paid to the director .

The controlling party is B T Mordue.

9.	TRANSITION TO FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1

July 2016.

Reconciliation of Equity

No transitional adjustments were required.

Reconciliation of Profit and Loss for the year

No transitional adjustments were required.