btp Associates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04685448 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

BTP ASSOCIATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H L Baker

R I Knoyle

SECRETARY:

H L Baker

REGISTERED OFFICE:

RG19 Orbit Business Centre

Rhydycar

Merthyr Tydfil

CF48 1DL

REGISTERED NUMBER:

04685448 (England and Wales)

ACCOUNTANTS:

Btp Associates

Chartered Accountants

Orbit Business Centre

Merthyr Tydfil

CF48 1DL

FIXED ASSETS

Intangible assets

4

190,000

237,500

Tangible assets

5

2,652

8,749

192,652

246,249

CURRENT ASSETS

Stocks

500

500

Debtors

6

259,089

202,630

Cash at bank and in hand

69,677

59,661

329,266

262,791

CREDITORS

Amounts falling due within one year

7

180,743

238,948

NET CURRENT ASSETS

148,523

23,843

TOTAL ASSETS LESS CURRENT LIABILITIES

341,175

270,092

CAPITAL AND RESERVES

Called up share capital

100

100

Capital redemption reserve

135,000

135,000

Retained earnings

206,075

134,992

SHAREHOLDERS' FUNDS

341,175

270,092

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 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 Board of Directors on 28 December 2018 and were signed on its behalf by:

H L Baker - Director

R I Knoyle - Director

1.	STATUTORY INFORMATION

btp Associates 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 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

In accordance with the provisions of UITF40, turnover has been measured on the basis of work performed with

an appropriate proportion of unbilled work being included in the turnover figure, which is reported net of VAT.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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% on cost and 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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.

Government grants

Government grants received are treated in accordance with Statement of Standard Accounting Practice 4.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2017 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

475,000

AMORTISATION

At 1 April 2017

237,500

Charge for year

47,500

At 31 March 2018

285,000

NET BOOK VALUE

At 31 March 2018

190,000

At 31 March 2017

237,500

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

53,957

Additions

509

At 31 March 2018

54,466

DEPRECIATION

At 1 April 2017

45,208

Charge for year

6,606

At 31 March 2018

51,814

NET BOOK VALUE

At 31 March 2018

2,652

At 31 March 2017

8,749

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

181,515

155,463

Amounts owed by group undertakings

29,041

-

Other debtors

48,533

47,167

259,089

202,630

Other debtors represents prepayments and unbilled work in progress.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

6,175

7,938

Amounts owed to group undertakings

-

8,959

Taxation and social security

78,666

74,465

Other creditors

95,902

147,586

180,743

238,948

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is H L Baker.