Company Registration No. 10241361 (England and Wales)
Better Group Limited
Unaudited accounts
for the year ended 31 March 2024
Better Group Limited
Unaudited accounts
Contents
Better Group Limited
Company Information
for the year ended 31 March 2024
Company Number
10241361 (England and Wales)
Registered Office
1 Wildwood Terrace
London
NW3 7HT
Better Group Limited
Statement of financial position
as at 31 March 2024
Tangible assets
2,970
2,240
Investments
175,875
175,875
Cash at bank and in hand
808,565
526,808
Creditors: amounts falling due within one year
(1,853,235)
(477,799)
Net current assets
1,346,493
819,278
Total assets less current liabilities
1,525,338
997,601
Creditors: amounts falling due after more than one year
(350,423)
(28,871)
Net assets
1,174,915
968,730
Called up share capital
20
20
Profit and loss account
1,174,895
968,710
Shareholders' funds
1,174,915
968,730
For the year ending 31 March 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 19 September 2024 and were signed on its behalf by
M Cohen
Director
Company Registration No. 10241361
Better Group Limited
Notes to the Accounts
for the year ended 31 March 2024
Better Group Limited is a private company, limited by shares, registered in England and Wales, registration number 10241361. The registered office is 1 Wildwood Terrace, London, NW3 7HT.
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.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Better Group Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
365
7,093
7,458
At 31 March 2024
365
10,271
10,636
At 1 April 2023
295
4,923
5,218
Charge for the year
31
2,417
2,448
At 31 March 2024
326
7,340
7,666
At 31 March 2024
39
2,931
2,970
At 31 March 2023
70
2,170
2,240
6
Investments
Subsidiary undertakings
Valuation at 1 April 2023
175,875
Valuation at 31 March 2024
175,875
Amounts falling due within one year
Trade debtors
2,391,163
357,310
Amounts due from group undertakings etc.
-
412,959
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,073
9,822
Trade creditors
1,685,678
240,437
Taxes and social security
54,879
27,334
Other creditors
2,206
2,056
Loans from directors
1,497
1,497
Better Group Limited
Notes to the Accounts
for the year ended 31 March 2024
9
Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
333,156
-
10
Average number of employees
During the year the average number of employees was 8 (2023: 8).