Company Registration No. 13443063 (England and Wales)
BETA POLYMERS LTD
Unaudited accounts
for the year ended 30 June 2024
BETA POLYMERS LTD
Unaudited accounts
Contents
BETA POLYMERS LTD
Company Information
for the year ended 30 June 2024
Directors
Brian O'Rourke
Jack O'Rourke
Janet O'Rourke
Company Number
13443063 (England and Wales)
Registered Office
17-19 ST. GEORGES STREET
NORWICH
NR3 1AB
ENGLAND
Accountants
Together Accounting Limited
17-19 St Georges Street
Norwich
Norfolk
NR3 1AB
BETA POLYMERS LTD
Accountants' report
Accountants' report to the board of directors of BETA POLYMERS LTD on the preparation of the unaudited statutory accounts for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
BETA POLYMERS LTD for the year ended
30 June 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of BETA POLYMERS LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of BETA POLYMERS LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BETA POLYMERS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that BETA POLYMERS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of BETA POLYMERS LTD. You consider that BETA POLYMERS LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of BETA POLYMERS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Together Accounting Limited
17-19 St Georges Street
Norwich
Norfolk
NR3 1AB
30 August 2024
BETA POLYMERS LTD
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
157,102
178,635
Creditors: amounts falling due within one year
(98,514)
(133,335)
Net current assets
167,646
166,968
Total assets less current liabilities
168,515
167,949
Provisions for liabilities
Net assets
168,350
167,949
Called up share capital
3
3
Profit and loss account
168,347
167,946
Shareholders' funds
168,350
167,949
For the year ending 30 June 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by
Brian O'Rourke
Director
Company Registration No. 13443063
BETA POLYMERS LTD
Notes to the Accounts
for the year ended 30 June 2024
BETA POLYMERS LTD is a private company, limited by shares, registered in England and Wales, registration number 13443063. The registered office is 17-19 ST. GEORGES STREET, NORWICH, NR3 1AB, 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.
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% - Straight Line
Computer equipment
25% - Reducing Balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
BETA POLYMERS LTD
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2023
391
824
1,215
At 30 June 2024
391
978
1,369
Charge for the year
98
168
266
At 30 June 2024
114
386
500
At 30 June 2024
277
592
869
At 30 June 2023
375
606
981
Amounts falling due within one year
Trade debtors
76,403
88,429
Accrued income and prepayments
3,394
-
Other debtors
18,204
20,146
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
71,049
92,623
Taxes and social security
14,737
23,145
Loans from directors
-
997
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3
3
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).