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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
Page
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Better Invest Direct Limited Company Information for the year ended 30 September 2023
Director
R J Wood
Secretary
R J Wood
Company Number
03902497 (England and Wales)
Registered Office
13 Portland Road Edgbaston Birmingham West Midlands B16 9HN
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Better Invest Direct Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
366 
320 
Cash at bank and in hand
52,150 
43,885 
52,516 
44,205 
Creditors: amounts falling due within one year
(8,130)
(9,345)
Net current assets
44,386 
34,860 
Net assets
44,386 
34,860 
Capital and reserves
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
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Better Invest Direct Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
366 
320 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
6,926 
8,128 
Other creditors
1,204 
1,217 
8,130 
9,345 
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
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