Registered number
12318742
Beat The Budget Ltd
Unaudited Filleted Accounts
30 November 2023
Beat The Budget Ltd
Registered number: 12318742
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,374 -
Current assets
Debtors 4 11,752 35,000
Cash at bank and in hand 9,638 6,186
21,390 41,186
Creditors: amounts falling due within one year 5 (25,659) (32,803)
Net current (liabilities)/assets (4,269) 8,383
Total assets less current liabilities 1,105 8,383
Provisions for liabilities (1,021) -
Net assets 84 8,383
Capital and reserves
Called up share capital 100 100
Profit and loss account (16) 8,283
Shareholders' funds 84 8,383
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Emily Louise Harrison
Director
Approved by the board on 12 June 2024
Beat The Budget Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Computer equipment Fixtures, fittings, tools and equipment Total
£ £ £
Cost
Additions 2,507 3,502 6,009
At 30 November 2023 2,507 3,502 6,009
Depreciation
Charge for the year 156 479 635
At 30 November 2023 156 479 635
Net book value
At 30 November 2023 2,351 3,023 5,374
4 Debtors 2023 2022
£ £
Trade debtors 11,700 35,000
Other debtors 52 -
11,752 35,000
5 Creditors: amounts falling due within one year 2023 2022
£ £
Accrued expenses 1,180 900
Directors Account 9,487 26,133
Taxation and social security costs 9,222 -
Other creditors 5,770 5,770
25,659 32,803
6 Other information
Beat The Budget Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit A Farriers Courtyard
Spelmonden Road
Goudhurst
Kent
TN17 1HE
Beat The Budget Ltd 12318742 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts April 2024 Emily Louise Harrison No description of principal activity 12318742 2021-12-01 2022-11-30 12318742 core:WithinOneYear 2022-11-30 12318742 core:ShareCapital 2022-11-30 12318742 core:RetainedEarningsAccumulatedLosses 2022-11-30 12318742 2022-12-01 2023-11-30 12318742 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12318742 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 12318742 bus:Director40 2022-12-01 2023-11-30 12318742 1 2022-12-01 2023-11-30 12318742 2 2022-12-01 2023-11-30 12318742 core:LandBuildings 2022-12-01 2023-11-30 12318742 core:PlantMachinery 2022-12-01 2023-11-30 12318742 countries:England 2022-12-01 2023-11-30 12318742 bus:FRS102 2022-12-01 2023-11-30 12318742 bus:FilletedAccounts 2022-12-01 2023-11-30 12318742 2023-11-30 12318742 core:WithinOneYear 2023-11-30 12318742 core:ShareCapital 2023-11-30 12318742 core:RetainedEarningsAccumulatedLosses 2023-11-30 12318742 core:LandBuildings 2023-11-30 12318742 core:PlantMachinery 2023-11-30 12318742 2022-11-30 iso4217:GBP xbrli:pure