2022-11-01 2023-10-31 04306169 Thomas Betts & Co Ltd false 04306169 2022-11-01 2023-10-31 04306169 uk-bus:Director1 2022-11-01 2023-10-31 04306169 uk-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 04306169 uk-bus:SmallEntities 2022-11-01 2023-10-31 04306169 uk-bus:FullAccounts 2022-11-01 2023-10-31 04306169 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 04306169 2022-11-01 04306169 2023-10-31 04306169 2022-10-31 xbrli:pure iso4217:GBP 04306169 2021-11-01 2022-10-31
Company Registration Number : 04306169 (England and Wales)
04306169
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-10-31
false
Thomas Betts & Co Ltd
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-11-01
Thomas Betts & Co Ltd
Unaudited filleted financial statements
For the year ended 31 October 2023
Thomas Betts & Co Ltd
Contents
For the year ended 31 October 2023

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


Thomas Betts & Co Ltd
Company Information
For the year ended 31 October 2023

Company registration number 04306169 (England and Wales)
Directors Nicholas Alexander Fuller
Victoria Ruth Fuller
Company secretary Nicholas Alexander Fuller
Registered office address 34 Horsefair Green
Stony Stratford
Milton Keynes
MK11 1JP
Accountant Cloudco Accountancy Group
Chartered Management Accountants
Suite 415c,
Margaret Powell House
MK9 3BN
Thomas Betts & Co Ltd
Statement of Financial Position
For the year ended 31 October 2023

2023 2022
Notes £ £
Fixed assets
Property, plant and equipment 572 763
5 572 763
Current assets
Inventories 831,825 1,779,137
Debtors 928,274 691,171
Cash and cash equivalents 707,778 224,316
2,467,877 2,694,624
Current liabilities
Creditors: Amounts falling due within one year (1,229,668) (1,120,973)
(1,229,668) (1,120,973)
Net current assets/(liabilities) 1,238,209 1,573,651
Total assets less current liabilities 1,238,782 1,574,414
Non-current liabilities
Creditors: Amounts falling due after more than one year (861,894) (1,159,083)
Net assets/(liabilities) 376,888 415,332
Capital and reserves
Called up share capital 1 1
Retained earnings 376,887 415,331
Shareholder's funds 376,888 415,332
For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 October 2023 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 31 October 2024
.............................
Nicholas Alexander Fuller (Director)
Company registration number: 04306169
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-10-31 31 October 2023
2023 2022
£ £
Fixed Assets 572 763
Current Assets 2,467,877 2,694,624
Creditors: amounts falling due within one year (1,229,668) (1,120,973)
Net current assets (liabilities) 1,238,209 1,573,651
Total assets less current liabilities 1,238,782 1,574,414
CREDITORS: Amounts falling due more than one year (861,894) (1,159,083)
Net Assets (liabilities) 376,888 415,332
Capital and Reserves 376,888 415,332
For the year ending 31/10/2023 the company was entitled to exemption 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. For the year ending 31-10-2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 31 October 2024 2024-10-31 and signed on behalf of the board,
.............................
Nicholas Alexander Fuller
Director
Company registration number: 04306169
Thomas Betts & Co Ltd
Notes to the Financial Statements
For the year ended 31 October 2023

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 34 Horsefair Green, Stony Stratford, Milton Keynes, MK11 1JP.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Interest income
Interest income is recognised using the effective interest method.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery25% reducing balance
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment
Motor Cars
Inventories
Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.

(4) Employees
During the year, the average number of employees including director was 2 (2022 : 2).

(5) Fixed assets
Tangible

£
Cost
As at 01 November 202222,630
As at 31 October 202322,630
Depreciation/Amortisation
As at 01 November 202221,867
For the year191
As at 31 October 202322,058
Net book value
As at 31 October 2023572
As at 31 October 2022763