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REGISTERED NUMBER: 04384608 (England and Wales)




























Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Bettaveg Limited

Bettaveg Limited (Registered number: 04384608)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bettaveg Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: A O'Sullivan
D O'Sullivan
G O'Sullivan



SECRETARY: P O'Sullivan



REGISTERED OFFICE: Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



REGISTERED NUMBER: 04384608 (England and Wales)



ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: Barclays Bank plc

Bettaveg Limited (Registered number: 04384608)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 263,543 217,534

CURRENT ASSETS
Stocks 48,565 50,066
Debtors 5 646,832 542,259
Cash at bank and in hand 456,206 471,120
1,151,603 1,063,445
CREDITORS
Amounts falling due within one year 6 882,425 732,065
NET CURRENT ASSETS 269,178 331,380
TOTAL ASSETS LESS CURRENT
LIABILITIES

532,721

548,914

PROVISIONS FOR LIABILITIES 7 49,185 41,242
NET ASSETS 483,536 507,672

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 483,436 507,572
SHAREHOLDERS' FUNDS 483,536 507,672

Bettaveg Limited (Registered number: 04384608)

Balance Sheet - continued
30 April 2024


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

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

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2024 and were signed on its behalf by:





G O'Sullivan - Director


Bettaveg Limited (Registered number: 04384608)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Bettaveg 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.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value.

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

Current or deferred taxation assets and liabilities are not discounted.

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.

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.

Bettaveg Limited (Registered number: 04384608)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 114 (2023 - 106 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 69,904 146,774 391,129 607,807
Additions - 23,650 87,190 110,840
Disposals - - (14,959 ) (14,959 )
At 30 April 2024 69,904 170,424 463,360 703,688
DEPRECIATION
At 1 May 2023 53,901 103,258 233,114 390,273
Charge for year 4,002 14,332 43,132 61,466
Eliminated on disposal - - (11,594 ) (11,594 )
At 30 April 2024 57,903 117,590 264,652 440,145
NET BOOK VALUE
At 30 April 2024 12,001 52,834 198,708 263,543
At 30 April 2023 16,003 43,516 158,015 217,534

Bettaveg Limited (Registered number: 04384608)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023 65,170
Transfer to ownership (65,170 )
At 30 April 2024 -
DEPRECIATION
At 1 May 2023 22,904
Transfer to ownership (22,904 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 42,266

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 427,300 387,490
Other debtors 111,338 127,085
Directors' loan accounts 50,765 -
Tax 21,140 4,007
VAT 25,988 14,886
Prepayments and accrued income 10,301 8,791
646,832 542,259

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 16,802
Trade creditors 797,130 625,650
Tax 51,383 56,610
Social security and other taxes 17,828 13,667
Other creditors 8,210 9,148
Directors' loan accounts - 828
Accruals and deferred income 7,874 9,360
882,425 732,065

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 49,185 41,242

Bettaveg Limited (Registered number: 04384608)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 41,242
Charge to Statement of Income and Retained Earnings during year 7,943
Balance at 30 April 2024 49,185

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100