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Registration number: 04353460

Christopher Betts Environmental Biology Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Christopher Betts Environmental Biology Limited

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

Christopher Betts Environmental Biology Limited

Company Information

Directors

Dr Chris C J Betts

Mrs N Loben

Mrs C P A Betts

Company secretary

Mrs C P A Betts

Registered office

Bank House
Great Witley Road
Martley
Worcs
WR6 6PB

Accountants

Ballards LLP
Chartered Accountants
Oakmoore Court
11C Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

Christopher Betts Environmental Biology Limited

Directors' Report for the Year Ended 31 March 2023

The directors present their report and the financial statements for the year ended 31 March 2023.

Directors of the company

The directors who held office during the year were as follows:

Dr Chris C J Betts

Mrs N Loben

Mrs C P A Betts - Company secretary and director

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 13 March 2024 and signed on its behalf by:

.........................................
Mrs C P A Betts
Company secretary and director

   
     
 

Christopher Betts Environmental Biology Limited

(Registration number: 04353460)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

228,071

233,581

Current assets

 

Debtors

6

110,273

83,799

Cash at bank and in hand

 

11,267

16,996

 

121,540

100,795

Creditors: Amounts falling due within one year

7

(228,905)

(211,024)

Net current liabilities

 

(107,365)

(110,229)

Total assets less current liabilities

 

120,706

123,352

Creditors: Amounts falling due after more than one year

7

(871)

(5,787)

Net assets

 

119,835

117,565

Capital and reserves

 

Called up share capital

2

2

Revaluation reserve

128,508

131,494

Retained earnings

(8,675)

(13,931)

Shareholders' funds

 

119,835

117,565

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 March 2024 and signed on its behalf by:
 

.........................................
Mrs C P A Betts
Company secretary and director

 

Christopher Betts Environmental Biology Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Bank House
Great Witley Road
Martley
Worcs
WR6 6PB

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Christopher Betts Environmental Biology Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Asset class

Depreciation method and rate

Freehold property

2% on cost

Plant and machinery

10% on reducing balance

Fixtures and fittings

25% on reducing balance

Motor vehicles

25% on reducing balance

Computer equipment

33.3% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Christopher Betts Environmental Biology Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2022 - 21).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2022

230,000

230,000

At 31 March 2023

230,000

230,000

Amortisation

At 1 April 2022

230,000

230,000

At 31 March 2023

230,000

230,000

Carrying amount

At 31 March 2023

-

-

 

Christopher Betts Environmental Biology Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

256,250

113,765

16,892

386,907

Additions

-

2,657

-

2,657

Disposals

-

(749)

(8,995)

(9,744)

At 31 March 2023

256,250

115,673

7,897

379,820

Depreciation

At 1 April 2022

37,592

99,063

16,671

153,326

Charge for the year

5,125

2,148

25

7,298

Eliminated on disposal

-

-

(8,875)

(8,875)

At 31 March 2023

42,717

101,211

7,821

151,749

Carrying amount

At 31 March 2023

213,533

14,462

76

228,071

At 31 March 2022

218,658

14,702

221

233,581

Revaluation

The fair value of the company's Freehold Properties was revalued on 1 April 2015 . Upon transition to FRS102, the property's revalued amount is treated as deemed cost going forward and further revaluations will not be made.

Had this class of asset been measured on a historical cost basis, the carrying amount would have been £85,064 (2022 - £87,202).

 

Christopher Betts Environmental Biology Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

Debtors

Current

2023
£

2022
£

Trade debtors

59,428

36,454

Other debtors

50,845

47,345

 

110,273

83,799

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

8

4,981

4,981

Trade creditors

 

26,769

27,100

Amounts owed to related parties

171,566

120,903

Taxation and social security

 

16,106

11,974

Other creditors

 

9,483

46,066

 

228,905

211,024

Due after one year

 

Loans and borrowings

8

871

5,787

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

871

5,787

2023
£

2022
£

Current loans and borrowings

Bank borrowings

4,981

4,981