Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 SC438988 Mr Ian Bell Ian Bell, William Edmiston and Alexander Thomson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC438988 2022-12-31 SC438988 2023-12-31 SC438988 2023-01-01 2023-12-31 SC438988 frs-core:CurrentFinancialInstruments 2023-12-31 SC438988 frs-core:Non-currentFinancialInstruments 2023-12-31 SC438988 frs-core:ShareCapital 2023-12-31 SC438988 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC438988 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC438988 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 SC438988 frs-bus:SmallEntities 2023-01-01 2023-12-31 SC438988 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 SC438988 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC438988 1 2023-01-01 2023-12-31 SC438988 frs-core:CostValuation 2022-12-31 SC438988 frs-core:CostValuation 2023-12-31 SC438988 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 SC438988 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 SC438988 frs-bus:Director1 2023-01-01 2023-12-31 SC438988 frs-bus:Director1 2022-12-31 SC438988 frs-bus:Director1 2023-12-31 SC438988 frs-countries:Scotland 2023-01-01 2023-12-31 SC438988 2021-12-31 SC438988 2022-12-31 SC438988 2022-01-01 2022-12-31 SC438988 frs-core:CurrentFinancialInstruments 2022-12-31 SC438988 frs-core:Non-currentFinancialInstruments 2022-12-31 SC438988 frs-core:ShareCapital 2022-12-31 SC438988 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: SC438988
Bet (Fife) Limited
Financial Statements
For The Year Ended 31 December 2023
Gillespie's Fife
Contents
Page
Accountants' Report 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Bet (Fife) Limited For The Year Ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bet (Fife) Limited For The Year Ended 31 December 2023 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Bet (Fife) Limited , as a body, in accordance with the terms of our engagement letter dated 26 February 2015. Our work has been undertaken solely to prepare for your approval the accounts of Bet (Fife) Limited and state those matters that we have agreed to state to the director of Bet (Fife) Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bet (Fife) Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that Bet (Fife) Limited 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 or loss of Bet (Fife) Limited . You consider that Bet (Fife) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Bet (Fife) Limited . 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 financial statements.
Signed
9th September 2024
Gillespie's Fife
Accountants
Fric Ajax Way
Methil
Leven
KY8 3RS
Page 1
Page 2
Balance Sheet
Registered number: SC438988
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 181,393 181,393
181,393 181,393
Creditors: Amounts Falling Due Within One Year 5 (50,044 ) (49,412 )
NET CURRENT ASSETS (LIABILITIES) (50,044 ) (49,412 )
TOTAL ASSETS LESS CURRENT LIABILITIES 131,349 131,981
Creditors: Amounts Falling Due After More Than One Year 6 (98,453 ) (98,453 )
NET ASSETS 32,896 33,528
CAPITAL AND RESERVES
Called up share capital 7 300 300
Profit and Loss Account 32,596 33,228
SHAREHOLDERS' FUNDS 32,896 33,528
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 member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ian Bell
Director
9th September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bet (Fife) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC438988 . The registered office is 22 Pool Lane, Kirkcaldy, Fife, KY1 3HL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Investments
Other
£
Cost
As at 1 January 2023 181,393
As at 31 December 2023 181,393
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 181,393
As at 1 January 2023 181,393
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 1
Accruals and deferred income 204 180
Director's loan account 49,840 49,231
50,044 49,412
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 98,453 98,453
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 300 300
Page 3
Page 4
8. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from the directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Ian Bell 49,231 - 609 - 49,840
The above loan is unsecured, interest free and repayable on demand.
9. Ultimate Controlling Party
The company's ultimate controlling parties are Ian Bell, William Edmiston and Alexander Thomson by virtue of their ownership of 100% of the issued share capital in the company.
Page 4