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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
Page
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Better Security Ltd Company Information for the year ended 31 December 2023
Director
Mr R Lewis
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
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Better Security Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,000 
4,000 
Tangible assets
3,655 
2,271 
5,655 
6,271 
Current assets
Debtors
351 
372 
Cash at bank and in hand
23,927 
33,901 
24,278 
34,273 
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
Deferred tax
(695)
(432)
Net assets
21,846 
29,954 
Capital and reserves
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
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Better Security Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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 taxation
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Pension costs
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.
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Better Security Ltd Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
10,000 
At 31 December 2023
10,000 
Amortisation
At 1 January 2023
6,000 
Charge for the year
2,000 
At 31 December 2023
8,000 
Net book value
At 31 December 2023
2,000 
At 31 December 2022
4,000 
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 
Additions
761 
1,598 
2,359 
At 31 December 2023
1,205 
4,356 
5,561 
Depreciation
At 1 January 2023
66 
865 
931 
Charge for the year
249 
726 
975 
At 31 December 2023
315 
1,591 
1,906 
Net book value
At 31 December 2023
890 
2,765 
3,655 
At 31 December 2022
378 
1,893 
2,271 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
351 
372 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
12 
181 
Taxes and social security
6,966 
9,755 
Loans from directors
234 
42 
Accruals
180 
180 
7,392 
10,158 
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Better Security Ltd Notes to the Accounts for the year ended 31 December 2023
8
Share capital
2023 
2022 
£ 
£ 
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).
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