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REGISTERED NUMBER: 03609552 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

ANTHONY BETTS & COMPANY LIMITED

ANTHONY BETTS & COMPANY LIMITED (REGISTERED NUMBER: 03609552)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANTHONY BETTS & COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: A J C Betts





SECRETARY: A J C Betts





REGISTERED OFFICE: Leighton Buzzard Road
Water End
Hemel Hempstead
Hertfordshire
HP1 3BD





REGISTERED NUMBER: 03609552 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

ANTHONY BETTS & COMPANY LIMITED (REGISTERED NUMBER: 03609552)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £ £
CURRENT ASSETS
Stocks 1,715,365 1,779,984
Debtors 5 181,225 178,812
Cash at bank 129,010 5,504
2,025,600 1,964,300
CREDITORS
Amounts falling due within one year 6 1,438,661 1,183,518
NET CURRENT ASSETS 586,939 780,782
TOTAL ASSETS LESS CURRENT
LIABILITIES

586,939

780,782

CREDITORS
Amounts falling due after more than one
year

7

41,667

87,122
NET ASSETS 545,272 693,660

CAPITAL AND RESERVES
Called up share capital 100 150,000
Retained earnings 545,172 543,660
SHAREHOLDERS' FUNDS 545,272 693,660

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ANTHONY BETTS & COMPANY LIMITED (REGISTERED NUMBER: 03609552)

BALANCE SHEET - continued
30 JUNE 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 December 2024 and were signed by:





A J C Betts - Director


ANTHONY BETTS & COMPANY LIMITED (REGISTERED NUMBER: 03609552)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Anthony Betts & Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
The company's turnover represents the value, excluding value added tax, of goods supplied to customers during the year. A sale is recognised when revenue and associated costs can be measured reliably and future economic benefits are probable. Revenue is measured at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, net of discounts and value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 25% on reducing balance
Plant and machinery - 20% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

New vehicle consignment stock relates to vehicles which due to the significant risks and rewards of ownership passing to the company are regarded effectively as being under the control of the company.These vehicles are included on the balance sheet, although legal title has not passed to the company. The corresponding liability is included as a consignment creditor within other creditors and is secured directly on these vehicles.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


ANTHONY BETTS & COMPANY LIMITED (REGISTERED NUMBER: 03609552)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

DEBTORS RECEIVABLE AND CREDITORS PAYABLE
Debtors and creditors with no stated interest rate and receivable or payable within or after one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and
leasehold machinery Totals
£ £ £
COST
At 1 July 2023 7,674 36,479 44,153
Disposals (7,674 ) (36,479 ) (44,153 )
At 30 June 2024 - - -
DEPRECIATION
At 1 July 2023 7,674 36,479 44,153
Eliminated on disposal (7,674 ) (36,479 ) (44,153 )
At 30 June 2024 - - -
NET BOOK VALUE
At 30 June 2024 - - -
At 30 June 2023 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 135,151 137,230
Other debtors 46,074 41,582
181,225 178,812

ANTHONY BETTS & COMPANY LIMITED (REGISTERED NUMBER: 03609552)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 45,455 45,455
Trade creditors 1,088,810 687,448
Taxation and social security 97,115 27,484
Other creditors 207,281 423,131
1,438,661 1,183,518

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 41,667 87,122

8. LEASING AGREEMENTS
As at 30 June 2024, the company had no operating lease commitments (2023 - £1,667).

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 87,122 132,577
Vehicle creditors 354,314 249,449
Consignment creditors 429,182 257,655
870,618 639,681