Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 03889632 Mrs Debra Leadbetter Mr Vernon Leadbetter Mr Vernon Leadbetter true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03889632 2023-03-31 03889632 2024-03-31 03889632 2023-04-01 2024-03-31 03889632 frs-core:Non-currentFinancialInstruments 2024-03-31 03889632 frs-core:ComputerEquipment 2023-04-01 2024-03-31 03889632 frs-core:FurnitureFittings 2023-04-01 2024-03-31 03889632 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 03889632 frs-core:MotorVehicles 2023-04-01 2024-03-31 03889632 frs-core:PlantMachinery 2023-04-01 2024-03-31 03889632 frs-core:ShareCapital 2024-03-31 03889632 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03889632 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03889632 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 03889632 frs-bus:SmallEntities 2023-04-01 2024-03-31 03889632 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03889632 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03889632 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 03889632 frs-bus:OrdinaryShareClass1 2024-03-31 03889632 1 2023-04-01 2024-03-31 03889632 frs-bus:Director1 2023-04-01 2024-03-31 03889632 frs-bus:Director2 2023-04-01 2024-03-31 03889632 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 03889632 frs-countries:EnglandWales 2023-04-01 2024-03-31 03889632 2022-03-31 03889632 2023-03-31 03889632 2022-04-01 2023-03-31 03889632 frs-core:Non-currentFinancialInstruments 2023-03-31 03889632 frs-core:MotorVehicles 2022-04-01 2023-03-31 03889632 frs-core:PlantMachinery 2022-04-01 2023-03-31 03889632 frs-core:ShareCapital 2023-03-31 03889632 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 03889632 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31
Registered number: 03889632
Betterserve UK Limited
ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Mibsons Limited
Chartered Certified Accountants
51 Coopers Road
Handsworth Wood
Birmingham
B20 2JU
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 03889632
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 55,952 82,505
55,952 82,505
CURRENT ASSETS
Stocks 1,750 2,000
Debtors 78,614 53,114
Cash at bank and in hand 21,770 18,307
102,134 73,421
Creditors: Amounts Falling Due Within One Year (105,082 ) (101,369 )
NET CURRENT ASSETS (LIABILITIES) (2,948 ) (27,948 )
TOTAL ASSETS LESS CURRENT LIABILITIES 53,004 54,557
Creditors: Amounts Falling Due After More Than One Year (10,874 ) (22,607 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,799 ) (10,749 )
NET ASSETS 34,331 21,201
CAPITAL AND RESERVES
Called up share capital 6 16,250 16,250
Profit and Loss Account 18,081 4,951
SHAREHOLDERS' FUNDS 34,331 21,201
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Page 2
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 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 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Vernon Leadbetter
Director
20th December 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Betterserve UK Limited Registered number 03889632 is a limited by shares company incorporated in England & Wales. The Registered Office is Brevand House, Grocott Close, Penkridge, Stafford, ST19 5SN.
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.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% on straight line
Plant & Machinery 20% to 100% on straight line
Motor Vehicles 25% on straight line
Fixtures & Fittings 33% on straight line
Computer Equipment 33% on straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets 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 the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year were 3 (2023: 3)
3 3
Page 3
Page 4
4. Interest Payable and Similar Charges
2024 2023
£ £
Bank loans and overdrafts 665 1,167
Finance charges payable under finance leases and hire purchase contracts 625 1,177
1,290 2,344
5. Tangible Assets
Total
£
Cost
As at 1 April 2023 121,152
Additions 18,175
Disposals (17,460 )
As at 31 March 2024 121,867
Depreciation
As at 1 April 2023 38,647
Provided during the period 34,622
Disposals (7,354 )
As at 31 March 2024 65,915
Net Book Value
As at 31 March 2024 55,952
As at 1 April 2023 82,505
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant & Machinery 9,406 15,648
Motor Vehicles 14,437 17,063
23,843 32,711
6. Share Capital
2024 2023
Allotted, called up and fully paid £ £
16,250 Ordinary Shares of £ 1 each 16,250 16,250
7. Pension Commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £288 (PY £222) were due to the fund. They are included in Creditors.
8. Directors Advances, Credits and Guarantees
During the year, company paid dividends to its directors £16,250 (2023: £26,000)
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Page 5
9. Ultimate Controlling Party
The company's ultimate controlling party are directors by virtue of their ownership of 100% of the issued share capital in the company.
Page 5