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REGISTERED NUMBER: 05167740 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Bettaquip Limited

Bettaquip Limited (Registered number: 05167740)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountant's Report 7

Bettaquip Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A Bettany
Mrs D Bettany





SECRETARY: Mrs D Bettany





REGISTERED OFFICE: Lombard House
Cross Keys
Lichfield
Staffordshire
WS13 6DN





REGISTERED NUMBER: 05167740 (England and Wales)





ACCOUNTANT: Groucott Moor Limited
Lombard House
Cross Keys
Lichfield
Staffordshire
WS13 6DN

Bettaquip Limited (Registered number: 05167740)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,037 6,252

CURRENT ASSETS
Stocks 1,535 1,535
Debtors 5 219,722 23,984
Cash at bank 38,559 165,801
259,816 191,320
CREDITORS
Amounts falling due within one year 6 233,527 161,829
NET CURRENT ASSETS 26,289 29,491
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,326

35,743

CREDITORS
Amounts falling due after more than one
year

7

(29,989

)

(34,167

)

PROVISIONS FOR LIABILITIES 8 (975 ) (1,166 )
NET ASSETS 362 410

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9 360 408
SHAREHOLDERS' FUNDS 362 410

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Bettaquip Limited (Registered number: 05167740)

Statement of Financial Position - continued
31 December 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 Board of Directors and authorised for issue on 7 February 2024 and were signed on its behalf by:





A Bettany - Director


Bettaquip Limited (Registered number: 05167740)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Bettaquip 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,fittings and equipment - 20% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Bettaquip Limited (Registered number: 05167740)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023 29,871
Additions 33
At 31 December 2023 29,904
DEPRECIATION
At 1 January 2023 23,619
Charge for year 1,248
At 31 December 2023 24,867
NET BOOK VALUE
At 31 December 2023 5,037
At 31 December 2022 6,252

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 171,799 15,743
Other debtors 16,637 857
VAT 24,667 7,012
Prepayments 6,619 372
219,722 23,984

Bettaquip Limited (Registered number: 05167740)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Payments on account - 95,878
Trade creditors 207,942 62,305
Tax 2,703 1,212
Social security and other taxes (2,427 ) 512
Other creditors 23,609 222
Accrued expenses 1,700 1,700
233,527 161,829

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 29,989 34,167

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 975 1,166

Deferred
tax
£   
Balance at 1 January 2023 1,166
Provided during year (191 )
Balance at 31 December 2023 975

9. RESERVES
Retained
earnings
£   

At 1 January 2023 408
Profit for the year 9,952
Dividends (10,000 )
At 31 December 2023 360

Chartered Accountant's Report to the Board of Directors
on the Unaudited Financial Statements of
Bettaquip Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Bettaquip Limited for the year ended 31 December 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bettaquip Limited, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Bettaquip Limited and state those matters that I have agreed to state to the Board of Directors of Bettaquip Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Bettaquip Limited and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Bettaquip Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bettaquip Limited. You consider that Bettaquip Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Bettaquip Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.






Groucott Moor Limited
Lombard House
Cross Keys
Lichfield
Staffordshire
WS13 6DN


7 February 2024