1 April 2022 false No description of principal activity Taxfiler 2023.10.1 10241361business:PrivateLimitedCompanyLtd2022-04-012023-03-31 102413612022-03-31 102413612022-04-012023-03-31 10241361business:AuditExempt-NoAccountantsReport2022-04-012023-03-31 10241361business:FilletedAccounts2022-04-012023-03-31 102413612023-03-31 10241361business:Director12022-04-012023-03-31 10241361business:Director22022-04-012023-03-31 10241361business:CompanySecretary12022-04-012023-03-31 10241361business:RegisteredOffice2022-04-012023-03-31 102413612022-03-31 10241361core:WithinOneYear2023-03-31 10241361core:WithinOneYear2022-03-31 10241361core:AfterOneYear2023-03-31 10241361core:AfterOneYear2022-03-31 10241361core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 10241361core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 10241361core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 10241361core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 10241361core:PreviouslyStatedAmount2023-03-31 10241361core:PreviouslyStatedAmount2022-03-31 10241361business:SmallEntities2022-04-012023-03-31 10241361countries:EnglandWales2022-04-012023-03-31 10241361core:PlantMachinery2022-04-012023-03-31 10241361core:ComputerEquipment2022-04-012023-03-31 10241361core:IntangibleAssetsOtherThanGoodwill2022-03-31 10241361core:IntangibleAssetsOtherThanGoodwill2023-03-31 10241361core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31 10241361core:PlantMachinery2022-03-31 10241361core:ComputerEquipment2022-03-31 10241361core:PlantMachinery2023-03-31 10241361core:ComputerEquipment2023-03-31 102413612021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 10241361 (England and Wales)
Better Group Limited Unaudited accounts for the year ended 31 March 2023
Better Group Limited Unaudited accounts Contents
Page
- 2 -
Better Group Limited Company Information for the year ended 31 March 2023
Directors
M Cohen M Ryan
Secretary
M Cohen
Company Number
10241361 (England and Wales)
Registered Office
1 Wildwood Terrace London NW3 7HT
- 3 -
Better Group Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
208 
2,708 
Tangible assets
2,240 
- 
Investments
175,875 
175,875 
178,323 
178,583 
Current assets
Debtors
772,381 
994,168 
Cash at bank and in hand
526,808 
93,521 
1,299,189 
1,087,689 
Creditors: amounts falling due within one year
(506,049)
(424,433)
Net current assets
793,140 
663,256 
Total assets less current liabilities
971,463 
841,839 
Creditors: amounts falling due after more than one year
- 
(4,733)
Net assets
971,463 
837,106 
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
971,443 
837,086 
Shareholders' funds
971,463 
837,106 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by
M Cohen Director Company Registration No. 10241361
- 4 -
Better Group Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Better Group Limited is a private company, limited by shares, registered in England and Wales, registration number 10241361. The registered office is 1 Wildwood Terrace, London, NW3 7HT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33%
Computer equipment
50%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2022
12,500 
At 31 March 2023
12,500 
Amortisation
At 1 April 2022
9,792 
Charge for the year
2,500 
At 31 March 2023
12,292 
Net book value
At 31 March 2023
208 
At 31 March 2022
2,708 
- 5 -
Better Group Limited Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
271 
4,109 
4,380 
Additions
94 
2,984 
3,078 
At 31 March 2023
365 
7,093 
7,458 
Depreciation
At 1 April 2022
271 
4,109 
4,380 
Charge for the year
24 
814 
838 
At 31 March 2023
295 
4,923 
5,218 
Net book value
At 31 March 2023
70 
2,170 
2,240 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2022
175,875 
Valuation at 31 March 2023
175,875 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
359,422 
736,283 
Amounts due from group undertakings etc.
412,959 
257,885 
772,381 
994,168 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
38,693 
48,775 
VAT
37,005 
37,546 
Trade creditors
240,437 
10,204 
Taxes and social security
27,334 
33,523 
Other creditors
2,059 
1,930 
Loans from directors
1,497 
1,497 
Deferred income
159,024 
290,958 
506,049 
424,433 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
- 
4,733 
- 6 -
Better Group Limited Notes to the Accounts for the year ended 31 March 2023
10
Average number of employees
During the year the average number of employees was 8 (2022: 8).
- 7 -