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Company registration number: 07257260
Bethrob Limited
Unaudited filleted financial statements
31 May 2023
Bethrob Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Bethrob Limited
Directors and other information
Directors Mr S J Richardson
Mrs H M Richardson
Company number 07257260
Registered office Vaughan Chambers
Vaughan Road
Harpenden
Hertfordshire
AL5 4EE
Accountants Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
Hertfordshire
AL5 4EE
Bethrob Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Bethrob Limited
Year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bethrob Limited for the year ended 31 May 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Bethrob Limited, as a body, in accordance with the terms of our engagement letter dated 31 August 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Bethrob Limited and state those matters that we have agreed to state to the board of directors of Bethrob Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bethrob Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Bethrob Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bethrob Limited. You consider that Bethrob Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Bethrob Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
Hertfordshire
AL5 4EE
7 November 2023
Bethrob Limited
Statement of financial position
31 May 2023
2023 2022
Note £ £ £ £
Current assets
Debtors 5 56 4,099
Cash at bank and in hand 10,045 1,011
_______ _______
10,101 5,110
Creditors: amounts falling due
within one year 6 ( 9,875) ( 4,832)
_______ _______
Net current assets 226 278
_______ _______
Total assets less current liabilities 226 278
_______ _______
Net assets 226 278
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 126 178
_______ _______
Shareholders funds 226 278
_______ _______
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 07 November 2023 , and are signed on behalf of the board by:
Mr S J Richardson Mrs H M Richardson
Director Director
Company registration number: 07257260
Bethrob Limited
Notes to the financial statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Vaughan Chambers, Vaughan Road, Harpenden, Hertfordshire, AL5 4EE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Debtors
2023 2022
£ £
Other debtors 56 4,099
_______ _______
6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 253 -
Corporation tax 8,070 4,097
Other creditors 1,552 735
_______ _______
9,875 4,832
_______ _______
7. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr S J Richardson 4,043 ( 4,825) ( 782)
_______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr S J Richardson ( 277) 4,320 4,043
_______ _______ _______
8. Related party transactions
During the year, the company received consultancy fees totalling £51,925 plus VAT (2022 - £25,237 plus VAT) from LCP Solutions Ltd, a company in which S J Richardson is a director and shareholder. At 31 May 2023 the amount due from LCP Solutions Ltd to Bethrob Ltd was £ Nil (2022- £nil)