1 April 2023 false No description of principal activity Taxfiler 2024.5 04312971business:PrivateLimitedCompanyLtd2023-04-012024-03-31 043129712023-03-31 043129712023-04-012024-03-31 04312971business:AuditExemptWithAccountantsReport2023-04-012024-03-31 04312971business:FilletedAccounts2023-04-012024-03-31 043129712024-03-31 04312971business:Director22023-04-012024-03-31 04312971business:RegisteredOffice2023-04-012024-03-31 043129712023-03-31 04312971core:WithinOneYear2024-03-31 04312971core:WithinOneYear2023-03-31 04312971core:AfterOneYear2024-03-31 04312971core:AfterOneYear2023-03-31 04312971core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 04312971core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 04312971core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 04312971core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 04312971core:PreviouslyStatedAmount2024-03-31 04312971core:PreviouslyStatedAmount2023-03-31 04312971business:SmallEntities2023-04-012024-03-31 04312971countries:EnglandWales2023-04-012024-03-31 04312971core:PlantMachinery2023-04-012024-03-31 04312971core:MotorVehicles2023-04-012024-03-31 04312971core:FurnitureFittings2023-04-012024-03-31 04312971core:IntangibleAssetsOtherThanGoodwill2023-03-31 04312971core:IntangibleAssetsOtherThanGoodwill2024-03-31 04312971core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31 04312971core:PlantMachinery2023-03-31 04312971core:MotorVehicles2023-03-31 04312971core:FurnitureFittings2023-03-31 04312971core:PlantMachinery2024-03-31 04312971core:MotorVehicles2024-03-31 04312971core:FurnitureFittings2024-03-31 04312971core:PlantMachinerycore:LeasedAssetsHeldAsLessee2024-03-31 04312971core:PlantMachinerycore:LeasedAssetsHeldAsLessee2023-03-31 04312971core:MotorVehiclescore:LeasedAssetsHeldAsLessee2024-03-31 04312971core:MotorVehiclescore:LeasedAssetsHeldAsLessee2023-03-31 04312971business:OrdinaryShareClass12023-04-012024-03-31 04312971business:OrdinaryShareClass12022-04-012023-03-31 04312971business:OrdinaryShareClass22023-04-012024-03-31 04312971business:OrdinaryShareClass22022-04-012023-03-31 04312971business:AllOrdinaryShares2023-04-012024-03-31 04312971business:AllOrdinaryShares2022-04-012023-03-31 04312971core:BetweenOneFiveYears2024-03-31 04312971core:BetweenOneFiveYears2023-03-31 043129712022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 04312971 (England and Wales)
Beta Distribution (South) Ltd Unaudited accounts for the year ended 31 March 2024
Beta Distribution (South) Ltd Unaudited accounts Contents
Page
- 2 -
Beta Distribution (South) Ltd Company Information for the year ended 31 March 2024
Director
Mr D A King
Company Number
04312971 (England and Wales)
Registered Office
Albany House Claremont Lane Esher Surrey KT10 9FQ
Accountants
Wellden Turnbull Limited Albany House Claremont Lane Esher Surrey KT10 9FQ
- 3 -
Beta Distribution (South) Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
57,694 
66,040 
Tangible assets
320,375 
374,413 
378,069 
440,453 
Current assets
Inventories
8,414 
14,310 
Debtors
2,344,703 
2,259,702 
Cash at bank and in hand
1,471,733 
972,701 
3,824,850 
3,246,713 
Creditors: amounts falling due within one year
(1,815,718)
(1,613,361)
Net current assets
2,009,132 
1,633,352 
Total assets less current liabilities
2,387,201 
2,073,805 
Creditors: amounts falling due after more than one year
(52,691)
(135,126)
Provisions for liabilities
Deferred tax
(92,619)
(72,811)
Net assets
2,241,891 
1,865,868 
Capital and reserves
Called up share capital
112 
112 
Profit and loss account
2,241,779 
1,865,756 
Shareholders' funds
2,241,891 
1,865,868 
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 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 19 September 2024 and were signed on its behalf by
Mr D A King Director Company Registration No. 04312971
- 4 -
Beta Distribution (South) Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Beta Distribution (South) Ltd is a private company, limited by shares, registered in England and Wales, registration number 04312971. The registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ.
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 financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Presentation currency
The financial statements are presented in sterling, which is the functional currency of the company and are rounded to the nearest £.
- 5 -
Beta Distribution (South) Ltd Notes to the Accounts for the year ended 31 March 2024
Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods: Revenue from the sale of goods is recognised when all of the following conditions are satisfied: - the Company has transferred the significant risks and rewards of ownership to the buyer; - the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; - the amount of revenue can be measured reliably; - it is probable that the Company will receive the consideration due under the transaction; and - the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services: Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: - the amount of revenue can be measured reliably; - it is probable that the Company will receive the consideration due under the contract; - the stage of completion of the contract at the end of the reporting period can be measured reliably; and - the costs incurred and the costs to complete the contract can be measured reliably.
Tangible fixed assets and depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant & machinery
25% on the reducing balance basis
Motor vehicles
25% on the reducing balance basis
Fixtures & fittings
25% on the reducing balance basis
- 6 -
Beta Distribution (South) Ltd Notes to the Accounts for the year ended 31 March 2024
Intangible fixed assets
Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met: - The technical feasibility of completing the intangible asset so that it will be available for use or sale. - Its intention to complete the intangible asset and use or sell it. - Its ability to use or sell the intangible asset. - How the intangible asset will generate probable future economic benefits. Among other things, the entity can demonstrate the existence of a market for the output of the intangible asset or the intangible asset itself or, if it is to be used internally, the usefulness of the intangible asset. - The availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset. - Its ability to measure reliably the expenditure attributable to the intangible asset during its development. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which shall not exceed 10 years.
Valuation of investment
Investment in subsidiary is measured at cost less accumulated impairment.
Debtors
Short term debtors are measured at transaction price, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and other creditors. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
- 7 -
Beta Distribution (South) Ltd Notes to the Accounts for the year ended 31 March 2024
Operating leases: the Company as lessee
Rentals paid under operating leases are charged to the statement of comprehensive income on a straight line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
Leased assets: the Company as lessee
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the statement of comprehensive income so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.
Taxation
Tax is recognised in the statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised 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 calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
83,463 
At 31 March 2024
83,463 
Amortisation
At 1 April 2023
17,423 
Charge for the year
8,346 
At 31 March 2024
25,769 
Net book value
At 31 March 2024
57,694 
At 31 March 2023
66,040 
- 8 -
Beta Distribution (South) Ltd Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
288,545 
459,731 
151,985 
900,261 
Additions
43,250 
- 
17,374 
60,624 
Disposals
(26,635)
(29,250)
(22,439)
(78,324)
At 31 March 2024
305,160 
430,481 
146,920 
882,561 
Depreciation
At 1 April 2023
124,839 
306,886 
94,123 
525,848 
Charge for the year
49,036 
38,201 
16,078 
103,315 
On disposals
(19,300)
(29,204)
(18,473)
(66,977)
At 31 March 2024
154,575 
315,883 
91,728 
562,186 
Net book value
At 31 March 2024
150,585 
114,598 
55,192 
320,375 
At 31 March 2023
163,706 
152,845 
57,862 
374,413 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
26,415 
35,220 
- Motor vehicles
76,536 
102,047 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,193,512 
1,944,498 
Accrued income and prepayments
139,689 
152,784 
Other debtors
11,502 
162,420 
2,344,703 
2,259,702 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
86,007 
82,222 
Trade creditors
757,234 
655,146 
Taxes and social security
660,363 
547,463 
Other creditors
5,552 
12,791 
Accruals
306,562 
315,739 
1,815,718 
1,613,361 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
52,691 
135,126 
- 9 -
Beta Distribution (South) Ltd Notes to the Accounts for the year ended 31 March 2024
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
8,400 Ordinary shares of £0.01 each
84 
84 
2,800 G Shares of £0.01 each
28 
28 
112 
112 
10
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
29,459 
99,798 
Later than one year and not later than five years
63,339 
92,798 
92,798 
192,596 
11
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 10 -