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Registered Number: 09804411
England and Wales

 

 

 

BETTER NETWORKS UK LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 November 2022

End date: 31 October 2023
Director Karl Roger Blackmore-Squires
Registered Number 09804411
Registered Office c/o Melanie Curtis Accountants Ltd
100 Berkshire Place, Winnersh
Wokingham
Berkshire
RG41 5RD
1
Director's report and financial statements
The director presents his annual report and the financial statements for the year ended 31 October 2023.
Principal activities
Principal activity of the company during the financial year was of IT consultancy.
Director
The director who served the company throughout the year was as follows:
Karl Roger Blackmore-Squires

On behalf of the board.


----------------------------------
Karl Roger Blackmore-Squires
Director

Date approved: 19 March 2024
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 329    1,162 
329    1,162 
Current assets      
Debtors 4 10,327    2,007 
Cash at bank and in hand 18,614    29,555 
28,941    31,562 
Creditors: amount falling due within one year 5 (16,459)   (15,243)
Net current assets 12,482    16,319 
 
Total assets less current liabilities 12,811    17,481 
Net assets 12,811    17,481 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 12,711    17,381 
Shareholder's funds 12,811    17,481 
 


For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 19 March 2024 and were signed by:


-------------------------------
Karl Roger Blackmore-Squires
Director
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General Information
Better Networks UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 09804411, registration address c/o Melanie Curtis Accountants Ltd, 100 Berkshire Place, Winnersh, Wokingham, Berkshire, RG41 5RD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102.1A The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.

Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
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:
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

2.

Average number of employees


Average number of employees during the year was 0 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 November 2022 1,530    3,039    4,569 
Additions 341      341 
Disposals    
At 31 October 2023 1,871    3,039    4,910 
Depreciation
At 01 November 2022 1,530    1,877    3,407 
Charge for year 12    1,162    1,174 
On disposals    
At 31 October 2023 1,542    3,039    4,581 
Net book values
Closing balance as at 31 October 2023 329      329 
Opening balance as at 01 November 2022   1,162    1,162 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 142    1,800 
Prepayments & Accrued Income 10,027    159 
Deferred Tax 158    48 
10,327    2,007 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Social Security and Other Tax 12,940    15,237 
Accrued Expenses 216    1 
Directors' Current Accounts 3,303   
16,459    15,243 

4