Company Registration No. 03902497 (England and Wales)
Better Invest Direct Limited
Unaudited accounts
for the year ended 30 September 2023
Better Invest Direct Limited
Unaudited accounts
Contents
Better Invest Direct Limited
Company Information
for the year ended 30 September 2023
Company Number
03902497 (England and Wales)
Registered Office
13 Portland Road
Edgbaston
Birmingham
West Midlands
B16 9HN
Better Invest Direct Limited
Statement of financial position
as at 30 September 2023
Cash at bank and in hand
52,150
43,885
Creditors: amounts falling due within one year
(8,130)
(9,345)
Net current assets
44,386
34,860
Called up share capital
100
100
Profit and loss account
44,286
34,760
Shareholders' funds
44,386
34,860
For the year ending 30 September 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 director acknowledges his 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 and authorised for issue on 9 January 2024 and were signed on its behalf by
R J Wood
Director
Company Registration No. 03902497
Better Invest Direct Limited
Notes to the Accounts
for the year ended 30 September 2023
Better Invest Direct Limited is a private company, limited by shares, registered in England and Wales, registration number 03902497. The registered office is 13 Portland Road, Edgbaston, Birmingham, West Midlands, B16 9HN.
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.
These financial statements for the year ended
30 September 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note
7 below.
The accounts have been prepared under the historical cost.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Amounts falling due within one year
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
6,926
8,128
Other creditors
1,204
1,217
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).
7
Reconciliations on adoption of FRS 102
There are no changes to report in the transition to FRS 102