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REGISTERED NUMBER: 04186604 (England and Wales)










B G BETTERSPOONS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023






B G BETTERSPOONS LIMITED (REGISTERED NUMBER: 04186604)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


B G BETTERSPOONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: M S R Blakiston
R B Goddard





SECRETARY: R B Goddard





REGISTERED OFFICE: The Grange
Porthgain
Haverfordwest
Pembrokeshire
SA62 5BJ





REGISTERED NUMBER: 04186604 (England and Wales)





AUDITORS: Bevan Buckland LLP
Chartered Accountants
& Statutory Auditors
45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP

B G BETTERSPOONS LIMITED (REGISTERED NUMBER: 04186604)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,314,232 3,291,442
Investments 6 236,167 236,167
3,550,399 3,527,609

CURRENT ASSETS
Stocks 89,194 71,946
Debtors 7 352,896 357,078
Cash at bank and in hand 2,451,784 1,812,398
2,893,874 2,241,422
CREDITORS
Amounts falling due within one year 8 605,984 563,278
NET CURRENT ASSETS 2,287,890 1,678,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,838,289

5,205,753

CREDITORS
Amounts falling due after more than one
year

9

(367,853

)

(495,134

)

PROVISIONS FOR LIABILITIES (70,126 ) (61,291 )
NET ASSETS 5,400,310 4,649,328

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 5,400,110 4,649,128
SHAREHOLDERS' FUNDS 5,400,310 4,649,328

B G BETTERSPOONS LIMITED (REGISTERED NUMBER: 04186604)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 24 October 2023 and were signed on its behalf by:




R B Goddard - Director



M S R Blakiston - Director


B G BETTERSPOONS LIMITED (REGISTERED NUMBER: 04186604)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

B G Betterspoons 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 25 years
Improvements to property - Straight line over 25 years
Plant and Machinery - 15% reducing balance
Fixtures and fittings - 15% reducing balance
Motor vehicles - 25% 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 statement of financial position date.

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

B G BETTERSPOONS LIMITED (REGISTERED NUMBER: 04186604)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued

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.

Goodwill
Goodwill. being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of 20 years and also the acquisition of a business in 2015, is being amortised over its estimated useful life of 5 years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 78 (2022 - 70 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 305,185
AMORTISATION
At 1 February 2022
and 31 January 2023 305,185
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property Machinery
£    £    £   
COST
At 1 February 2022 3,364,372 480,426 832,944
Additions - 35,984 67,824
Disposals - - (464 )
At 31 January 2023 3,364,372 516,410 900,304
DEPRECIATION
At 1 February 2022 853,781 25,837 608,290
Charge for year 47,811 9,631 43,821
Eliminated on disposal - - (70 )
At 31 January 2023 901,592 35,468 652,041
NET BOOK VALUE
At 31 January 2023 2,462,780 480,942 248,263
At 31 January 2022 2,510,591 454,589 224,654

B G BETTERSPOONS LIMITED (REGISTERED NUMBER: 04186604)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2022 66,521 156,661 4,900,924
Additions 17,459 57,541 178,808
Disposals - (53,645 ) (54,109 )
At 31 January 2023 83,980 160,557 5,025,623
DEPRECIATION
At 1 February 2022 30,278 91,296 1,609,482
Charge for year 8,059 25,317 134,639
Eliminated on disposal - (32,660 ) (32,730 )
At 31 January 2023 38,337 83,953 1,711,391
NET BOOK VALUE
At 31 January 2023 45,643 76,604 3,314,232
At 31 January 2022 36,243 65,365 3,291,442

6. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 February 2022
and 31 January 2023 236,167
NET BOOK VALUE
At 31 January 2023 236,167
At 31 January 2022 236,167

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,669 (9 )
Other debtors 351,227 357,087
352,896 357,078

B G BETTERSPOONS LIMITED (REGISTERED NUMBER: 04186604)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 114,488 103,749
Hire purchase contracts 6,306 5,597
Trade creditors 86,546 39,169
Taxation and social security 325,423 390,124
Other creditors 73,221 24,639
605,984 563,278

HSBC PLC hold 6 legal charges dated 21 November 2018, 29 July 2014, 23 May 2008,19 December 2005, 19 December 2005, and 29 May 2001.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 347,274 468,249
Hire purchase contracts 20,579 26,885
367,853 495,134

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alun Evans (Senior Statutory Auditor)
for and on behalf of Bevan Buckland LLP

11. RELATED PARTY DISCLOSURES

During the year the directors made funds available to the company to assist with the provision of working capital. The loan was interest free, unsecured and repayable on demand. The amount outstanding at the balance sheet date was £15,481 (2022 £17,166) .