BTW (North) Limited FILLETED ACCOUNTS COVER
|
|
|||||||||
Company No. 08993192
|
|||||||||
|
|||||||||
|
|||||||||
BTW (North) Limited DIRECTORS REPORT REGISTRAR
|
The Director presents his report and the accounts for the year ended 30 April 2017.
|
|||||||||
Principal activities
|
|||||||||
|
|||||||||
Director
|
|||||||||
The Director who served at any time during the year was as follows:
|
|||||||||
J.G. Bytheway
|
|||||||||
|
|||||||||
Signed on behalf of the board
|
|||||||||
J.G. Bytheway
|
|||||||||
Director
|
|||||||||
22 January 2018
|
BTW (North) Limited BALANCE SHEET REGISTRAR
|
at
|
|
|||||||||
Company No.
|
|
Notes
|
2017
|
2016
|
||||||
£
|
£
|
|||||||||
Fixed assets
|
||||||||||
Tangible assets
|
2
|
|
|
|||||||
|
|
|||||||||
Current assets
|
||||||||||
Debtors
|
3
|
|
|
|||||||
Cash at bank and in hand
|
|
|
||||||||
|
|
|||||||||
Creditors: Amount falling due within one year
|
4
|
(
|
(
|
|||||||
Net current liabilities
|
(
|
(
|
||||||||
Total assets less current liabilities
|
|
|
||||||||
Net assets
|
|
|
||||||||
Capital and reserves
|
||||||||||
Called up share capital
|
|
|
||||||||
Profit and loss account
|
5
|
|
|
|||||||
Total equity
|
|
|
||||||||
|
||||||||||
|
||||||||||
|
||||||||||
|
||||||||||
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 22 January 2018
|
||||||||||
And signed on its behalf by:
|
||||||||||
J.G. Bytheway
|
||||||||||
Director
|
BTW (North) Limited NOTES TO THE ACCOUNTS REGISTRAR
|
for the year ended 30 April 2017
|
||||||||||||||
1
|
Accounting policies
|
|||||||||||||
Basis of preparation
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||
Turnover
|
||||||||||||||
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. |
||||||||||||||
Tangible fixed assets and depreciation
|
||||||||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. |
||||||||||||||
|
||||||||||||||
Furniture, fittings and equipment
|
|
|||||||||||||
33.33% on Computer Equipment
|
||||||||||||||
Leased assets
|
||||||||||||||
Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases. Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above). Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. |
||||||||||||||
Provisions
|
||||||||||||||
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. |
||||||||||||||
2
|
Tangible fixed assets
|
|||||||||||||
Fixtures, fittings and equipment
|
Total
|
|||||||||||||
£
|
£
|
|||||||||||||
Cost or revaluation
|
||||||||||||||
At 1 May 2016
|
|
|
||||||||||||
Additions
|
|
|
||||||||||||
At 30 April 2017
|
|
|
||||||||||||
Depreciation
|
||||||||||||||
At 1 May 2016
|
|
|
||||||||||||
Charge for the year
|
|
|
||||||||||||
At 30 April 2017
|
|
|
||||||||||||
Net book values
|
||||||||||||||
At 30 April 2017
|
|
|
||||||||||||
At 30 April 2016
|
|
|
||||||||||||
3
|
Debtors
|
|||||||||||||
2017
|
2016
|
|||||||||||||
£
|
£
|
|||||||||||||
Trade debtors
|
|
|
||||||||||||
Loans to directors
|
|
|
||||||||||||
|
|
|||||||||||||
4
|
Creditors:
|
|||||||||||||
amounts falling due within one year
|
||||||||||||||
2017
|
2016
|
|||||||||||||
£
|
£
|
|||||||||||||
Bank loans and overdrafts
|
|
|
||||||||||||
Other loans
|
|
|
||||||||||||
Obligations under finance lease and hire purchase contracts
|
|
|
||||||||||||
Trade creditors
|
|
|
||||||||||||
Corporation tax
|
|
|
||||||||||||
Other taxes and social security
|
|
|
||||||||||||
Loans from directors
|
|
|
||||||||||||
Other creditors
|
|
|
||||||||||||
Accruals and deferred income
|
|
|
||||||||||||
|
|
|||||||||||||
5
|
Reserves
|
|||||||||||||
|
||||||||||||||
6
|
Dividends
|
|||||||||||||
2017
|
2016
|
|||||||||||||
£
|
£
|
|||||||||||||
Dividends for the period:
|
||||||||||||||
Dividends paid in the period
|
21,500
|
21,300
|
||||||||||||
|
|
|||||||||||||
Dividends by type:
|
||||||||||||||
Equity dividends
|
|
|
||||||||||||
21,500
|
21,300
|
|||||||||||||
7
|
Related party disclosures
|
|||||||||||||
2017
|
2016
|
|||||||||||||
Transactions with related parties
|
£
|
£
|
||||||||||||
Name of related party
|
|
|||||||||||||
Description of relationship between the parties
|
Director
|
|||||||||||||
Description of transaction and general amounts involved
|
Loan to director - repaid within 9 months of the financial year end.
|
|||||||||||||
Amount due from/(to) the related party
|
10,907
|
(43)
|
||||||||||||
Provision for doubtful debts due from the related party
|
-
|
-
|
||||||||||||
Amounts written off in the period in respect of debts from/(to) the related party
|
-
|
-
|
||||||||||||
Controlling parties
|
||||||||||||||
Immediate controlling parties
|
|
|||||||||||||
Ultimate controlling party
|
J G Bytheway controls the company by virtue of being the sole shareholder.
|
|||||||||||||
8
|
Additional information
|
|||||||||||||
|
||||||||||||||
Its registered number is:
|
||||||||||||||
|
||||||||||||||
Its registered office is:
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||