Company Registration No. 12358182 (England and Wales)
Better Security Ltd
Unaudited accounts
for the year ended 31 December 2023
Better Security Ltd
Unaudited accounts
Contents
Better Security Ltd
Company Information
for the year ended 31 December 2023
Company Number
12358182 (England and Wales)
Registered Office
28 Cornwall Street
Cottingham
East Yorkshire
HU16 4NB
England
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Better Security Ltd
Statement of financial position
as at 31 December 2023
Intangible assets
2,000
4,000
Tangible assets
3,655
2,271
Cash at bank and in hand
23,927
33,901
Creditors: amounts falling due within one year
(7,392)
(10,158)
Net current assets
16,886
24,115
Total assets less current liabilities
22,541
30,386
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
21,845
29,953
Shareholders' funds
21,846
29,954
For the year ending 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 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 8 March 2024 and were signed on its behalf by
Mr R Lewis
Director
Company Registration No. 12358182
Better Security Ltd
Notes to the Accounts
for the year ended 31 December 2023
Better Security Ltd is a private company, limited by shares, registered in England and Wales, registration number 12358182. The registered office is 28 Cornwall Street, Cottingham, East Yorkshire, HU16 4NB, England.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Cost
Computer equipment
20% Cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Better Security Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill
At 31 December 2023
10,000
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
444
2,758
3,202
At 31 December 2023
1,205
4,356
5,561
At 1 January 2023
66
865
931
Charge for the year
249
726
975
At 31 December 2023
315
1,591
1,906
At 31 December 2023
890
2,765
3,655
At 31 December 2022
378
1,893
2,271
Amounts falling due within one year
Accrued income and prepayments
351
372
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
6,966
9,755
Loans from directors
234
42
Better Security Ltd
Notes to the Accounts
for the year ended 31 December 2023
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).