Registered Number:03614819 |
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2023
Bettesworths Limited
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
Bettesworths Limited
Statement of Financial Position
2022
2023
18,065
19,325
2
Property, plant and equipment |
158,366
161,003
3
130,000
80,000
4
256,431
310,328
Trade and other receivables |
27,284
29,403
5
212,854
Cash and cash equivalents |
158,269
187,672
240,138
Trade and other payables: amounts falling due within one |
year |
(90,958)
(77,152)
6
149,180
110,520
Net current assets
Total assets less current liabilities |
366,951
459,508
Trade and other payables: amounts falling due after more |
than one year |
(90,998)
(79,117)
7
(2,012)
(2,012)
Provisions for liabilities |
285,822
Net assets
366,498
625
625
155,625
155,625
129,572
210,248
285,822
366,498
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 December 2023
Bettesworths Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 01 March 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 December 2023
Bettesworths Limited
Notes to the Financial Statements
Statutory Information
Bettesworths Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 03614819. |
29-30 Fleet Street
Torquay
Devon
TQ1 1BB
The presentation currency is £ sterling. |
Basis of preparing the financial statements
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of 20 years. |
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
Plant and machinery
Motor vehicles
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. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 December 2023
Bettesworths Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
236,005
236,005
216,680
1,260
Charge for year
217,940
18,065
19,325
Goodwill is amortised over its useful life of 20 years from their orginal cost date. |
3. Property, plant and equipment |
314,171
158,463
155,708
155,708
158,463
314,171
Provision for depreciation and impairment |
153,168
148,427
4,741
Charge for year
2,637
2,637
-
155,805
151,064
4,741
150,967
7,399
158,366
150,967
10,036
161,003
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For the year ended 31 December 2023
Bettesworths Limited
Notes to the Financial Statements Continued
4. Investments held as fixed assets |
Loans to Group and participating interests |
130,000
130,000
(50,000)
(50,000)
80,000
80,000
80,000
80,000
130,000
130,000
5. Trade and other receivables |
2022
2023
26,500
24,592
2,903
2,692
27,284
29,403
6. Trade and other payables: amounts falling due within one year |
2022
2023
Bank loans and overdraft (secured) |
5,512
4,333
5,644
5,133
8,839
10,400
Taxation and social security |
16,053
51,273
41,104
19,819
77,152
90,958
7. Trade and other payables: amounts falling due after more than one year |
2022
2023
33,719
39,785
Bank loans and overdraft (secured) |
45,398
51,213
79,117
90,998
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For the year ended 31 December 2023
Bettesworths Limited
Notes to the Financial Statements Continued
8. Related party transactions |
The company was under the control of the directors during this year.
9. Average number of persons employed |
During the year the average number of employees was 10 (2022 : 10)
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