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REGISTERED NUMBER: 03609552 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

ANTHONY BETTS & COMPANY LIMITED

ANTHONY BETTS & COMPANY LIMITED (REGISTERED NUMBER: 03609552)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANTHONY BETTS & COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: A J C Betts





SECRETARY: A J C Betts





REGISTERED OFFICE: Leighton Buzzard Road
Water End
Hemel Hempstead
Hertfordshire
HP1 3BD





REGISTERED NUMBER: 03609552 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

ANTHONY BETTS & COMPANY LIMITED (REGISTERED NUMBER: 03609552)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 661

CURRENT ASSETS
Stocks 1,779,984 1,831,113
Debtors 5 178,812 68,010
Cash at bank 5,504 154,466
1,964,300 2,053,589
CREDITORS
Amounts falling due within one year 6 1,183,518 1,199,287
NET CURRENT ASSETS 780,782 854,302
TOTAL ASSETS LESS CURRENT
LIABILITIES

780,782

854,963

CREDITORS
Amounts falling due after more than one
year

7

87,122

132,576
NET ASSETS 693,660 722,387

CAPITAL AND RESERVES
Called up share capital 150,000 150,000
Retained earnings 543,660 572,387
SHAREHOLDERS' FUNDS 693,660 722,387

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

ANTHONY BETTS & COMPANY LIMITED (REGISTERED NUMBER: 03609552)

BALANCE SHEET - continued
30 JUNE 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 director and authorised for issue on 3 November 2023 and were signed by:





A J C Betts - Director


ANTHONY BETTS & COMPANY LIMITED (REGISTERED NUMBER: 03609552)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Anthony Betts & Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
The company's turnover represents the value, excluding value added tax, of goods supplied to customers during the year. A sale is recognised when revenue and associated costs can be measured reliably and future economic benefits are probable. Revenue is measured at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, net of discounts and value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 25% on reducing balance
Plant and machinery - 20% on cost

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

New vehicle consignment stock relates to vehicles which due to the significant risks and rewards of ownership passing to the company are regarded effectively as being under the control of the company.These vehicles are included on the balance sheet, although legal title has not passed to the company. The corresponding liability is included as a consignment creditor within other creditors and is secured directly on these vehicles.

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 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.


ANTHONY BETTS & COMPANY LIMITED (REGISTERED NUMBER: 03609552)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued
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.

DEBTORS RECEIVABLE AND CREDITORS PAYABLE
Debtors and creditors with no stated interest rate and receivable or payable within or after one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 21 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 7,674 36,479 44,153
DEPRECIATION
At 1 July 2022 7,013 36,479 43,492
Charge for year 661 - 661
At 30 June 2023 7,674 36,479 44,153
NET BOOK VALUE
At 30 June 2023 - - -
At 30 June 2022 661 - 661

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 137,230 17,564
Other debtors 41,582 50,446
178,812 68,010

ANTHONY BETTS & COMPANY LIMITED (REGISTERED NUMBER: 03609552)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 45,455 45,455
Trade creditors 687,448 832,502
Taxation and social security 27,484 92,181
Other creditors 423,131 229,149
1,183,518 1,199,287

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 87,122 132,576

8. LEASING AGREEMENTS
As at 30 June 2022, the company had commitments of £1,667 (2022 - £57,084). This was all in respect of an operating lease which expired in July 2023.

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 132,577 178,031
Vehicle creditors 249,449 113,873
Consignment creditors 257,655 180,161
639,681 472,065