0 false false false false false false false false false true false false false false false false No description of principal activity 2022-02-21 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 13928579 2022-02-21 2023-02-28 13928579 2023-02-28 13928579 bus:Director1 2022-02-21 2023-02-28 13928579 core:WithinOneYear 2023-02-28 13928579 core:ShareCapital 2023-02-28 13928579 core:RetainedEarningsAccumulatedLosses 2023-02-28 13928579 bus:SmallEntities 2022-02-21 2023-02-28 13928579 bus:AuditExemptWithAccountantsReport 2022-02-21 2023-02-28 13928579 bus:FullAccounts 2022-02-21 2023-02-28 13928579 bus:SmallCompaniesRegimeForAccounts 2022-02-21 2023-02-28 13928579 bus:PrivateLimitedCompanyLtd 2022-02-21 2023-02-28
COMPANY REGISTRATION NUMBER: 13928579
Betty's Dream Limited
Filleted Unaudited Financial Statements
28 February 2023
Betty's Dream Limited
Statement of Financial Position
28 February 2023
28 Feb 23
Note
£
£
Current assets
Debtors
4
10
Cash at bank and in hand
10,986
--------
10,996
Creditors: amounts falling due within one year
5
( 10,673)
--------
Net current assets
323
----
Total assets less current liabilities
323
----
Net assets
323
----
Capital and reserves
Called up share capital
10
Profit and loss account
313
----
Shareholders funds
323
----
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 comprehensive income has not been delivered.
For the period ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 21 November 2023 , and are signed on behalf of the board by:
Mr W Engels
Director
Company registration number: 13928579
Betty's Dream Limited
Notes to the Financial Statements
Period from 21 February 2022 to 28 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Flat 17 Ada Lewis House, 1 Dalmeny Avenue, London, N7 0LD, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
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. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Debtors
28 Feb 23
£
Other debtors
10
----
5. Creditors: amounts falling due within one year
28 Feb 23
£
Corporation tax
73
Other creditors
10,600
--------
10,673
--------
6. Director's advances, credits and guarantees
For this financial year the company was owed £10 by the Director(s).