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REGISTERED NUMBER: 03768902 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

BETA PROJECTS LIMITED

BETA PROJECTS LIMITED (REGISTERED NUMBER: 03768902)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BETA PROJECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: Mr H Crawford





SECRETARY: Mrs I C Crawford





REGISTERED OFFICE: 14 Deena Close
Queens Drive
West Acton
London
W3 0HR





REGISTERED NUMBER: 03768902 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

BETA PROJECTS LIMITED (REGISTERED NUMBER: 03768902)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,658 1,529

CURRENT ASSETS
Debtors 5 - 3,300
Cash at bank 122,893 140,923
122,893 144,223
CREDITORS
Amounts falling due within one year 6 (17,247 ) (15,431 )
NET CURRENT ASSETS 105,646 128,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,304

130,321

PROVISIONS FOR LIABILITIES 7 (290 ) (290 )
NET ASSETS 108,014 130,031

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 108,012 130,029
SHAREHOLDERS' FUNDS 108,014 130,031

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

BETA PROJECTS LIMITED (REGISTERED NUMBER: 03768902)

BALANCE SHEET - continued
31 MAY 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 29 December 2023 and were signed by:





Mr H Crawford - Director


BETA PROJECTS LIMITED (REGISTERED NUMBER: 03768902)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Beta Projects 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.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 or deferred taxation assets and liabilities are not discounted.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

BETA PROJECTS LIMITED (REGISTERED NUMBER: 03768902)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2022 2,871 5,571 8,442
Additions - 2,015 2,015
At 31 May 2023 2,871 7,586 10,457
DEPRECIATION
At 1 June 2022 2,860 4,053 6,913
Charge for year 3 883 886
At 31 May 2023 2,863 4,936 7,799
NET BOOK VALUE
At 31 May 2023 8 2,650 2,658
At 31 May 2022 11 1,518 1,529

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors - 3,300

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 160 -
Taxation and social security 2,011 850
Other creditors 15,076 14,581
17,247 15,431

7. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£    £   
Deferred tax
Accelerated capital allowances 290 290

Deferred
tax
£   
Balance at 1 June 2022 290
Balance at 31 May 2023 290

BETA PROJECTS LIMITED (REGISTERED NUMBER: 03768902)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
2 Ordinary Shares £1 2 2

9. PENSION COMMITMENTS

The company makes payments to a defined contribution scheme on behalf of the director. Amounts charged to the profit and loss account were £21,003 for the year (2022: £21,003) There were no outstanding or prepaid contributions at the balance sheet date.