Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.202023-09-01falseGambling and betting services19truetruefalse 07348875 2023-09-01 2024-08-31 07348875 2022-09-01 2023-08-31 07348875 2024-08-31 07348875 2023-08-31 07348875 2022-09-01 07348875 c:Director1 2023-09-01 2024-08-31 07348875 d:Buildings 2023-09-01 2024-08-31 07348875 d:Buildings 2024-08-31 07348875 d:Buildings 2023-08-31 07348875 d:Buildings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07348875 d:Buildings d:ShortLeaseholdAssets 2023-09-01 2024-08-31 07348875 d:Buildings d:ShortLeaseholdAssets 2024-08-31 07348875 d:Buildings d:ShortLeaseholdAssets 2023-08-31 07348875 d:LandBuildings 2024-08-31 07348875 d:LandBuildings 2023-08-31 07348875 d:FurnitureFittings 2023-09-01 2024-08-31 07348875 d:FurnitureFittings 2024-08-31 07348875 d:FurnitureFittings 2023-08-31 07348875 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07348875 d:OfficeEquipment 2023-09-01 2024-08-31 07348875 d:OfficeEquipment 2024-08-31 07348875 d:OfficeEquipment 2023-08-31 07348875 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07348875 d:ComputerEquipment 2023-09-01 2024-08-31 07348875 d:ComputerEquipment 2024-08-31 07348875 d:ComputerEquipment 2023-08-31 07348875 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07348875 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07348875 d:CurrentFinancialInstruments 2024-08-31 07348875 d:CurrentFinancialInstruments 2023-08-31 07348875 d:Non-currentFinancialInstruments 2024-08-31 07348875 d:Non-currentFinancialInstruments 2023-08-31 07348875 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 07348875 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 07348875 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 07348875 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 07348875 d:ShareCapital 2024-08-31 07348875 d:ShareCapital 2023-08-31 07348875 d:RetainedEarningsAccumulatedLosses 2024-08-31 07348875 d:RetainedEarningsAccumulatedLosses 2023-08-31 07348875 c:FRS102 2023-09-01 2024-08-31 07348875 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 07348875 c:FullAccounts 2023-09-01 2024-08-31 07348875 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07348875 d:AcceleratedTaxDepreciationDeferredTax 2024-08-31 07348875 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 07348875 d:RetirementBenefitObligationsDeferredTax 2024-08-31 07348875 d:RetirementBenefitObligationsDeferredTax 2023-08-31 07348875 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 07348875










BETEXTRA LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

 
BETEXTRA LIMITED
REGISTERED NUMBER: 07348875

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
739,607
599,087

Current assets
  

Debtors: amounts falling due within one year
 5 
35,343
44,016

Cash at bank and in hand
  
636,428
437,368

  
671,771
481,384

Creditors: amounts falling due within one year
 6 
(348,295)
(280,577)

Net current assets
  
 
 
323,476
 
 
200,807

Total assets less current liabilities
  
1,063,083
799,894

Creditors: amounts falling due after more than one year
 7 
(75,623)
(126,006)

Provisions for liabilities
  

Deferred tax
 8 
(114,926)
(105,113)

Net assets
  
872,534
568,775


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
872,533
568,774

  
872,534
568,775


Page 1

 
BETEXTRA LIMITED
REGISTERED NUMBER: 07348875
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 December 2024.


R J Holmes
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BETEXTRA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Betextra Limited is a private company limited by shares, incorporated in England and Wales (registered number: 07348875). Its registered office is 13 Frederick Street, Rotherham, South Yorkshire, S60 1QN. The principal activity of the Company throughout the year continued to be that of gambling and betting services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Tangible fixed assets

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

Freehold property
-
Not depreciated
S/Term Leasehold Property
-
10 years straight line & not depreciated
Fixtures and fittings
-
10 years straight line
Gaming machines
-
4 years straight line
Computer equipment
-
4 years straight line & 6 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings. 

Page 3

 
BETEXTRA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

 
2.5

Pensions

Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current 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 balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


3.


Employees

The average monthly number of employees, including directors, during the year was 20 (2023 - 19).

Page 4

 
BETEXTRA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Freehold property
S/Term Leasehold Property
Fixtures and fittings
Gaming machines
Computer equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 September 2023
5,924
249,690
703,650
147,852
75,282
1,182,398


Additions
-
163,555
68,283
-
-
231,838



At 31 August 2024

5,924
413,245
771,933
147,852
75,282
1,414,236



Depreciation


At 1 September 2023
-
22,535
418,104
94,970
47,702
583,311


Charge for the year on owned assets
-
21,866
45,100
16,788
7,564
91,318



At 31 August 2024

-
44,401
463,204
111,758
55,266
674,629



Net book value



At 31 August 2024
5,924
368,844
308,729
36,094
20,016
739,607



At 31 August 2023
5,924
227,155
285,546
52,882
27,580
599,087




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
5,924
5,924

Short leasehold
368,845
227,155

374,769
233,079


Page 5

 
BETEXTRA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Debtors

2024
2023
£
£


Other debtors
5,000
5,000

Prepayments
30,343
39,016

35,343
44,016



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
49,377
48,994

Corporation tax
185,103
68,007

Other taxation and social security
12,498
9,826

Other creditors
3,536
44,327

Accruals
97,781
109,423

348,295
280,577



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
75,623
126,006


Page 6

 
BETEXTRA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

8.


Deferred taxation




2024
2023


£

£






At beginning of year
105,113
56,551


Charged to the Statement of Income and Retained Earnings
9,813
48,562



At end of year
114,926
105,113

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
115,271
105,381

Pension surplus
(345)
(268)

114,926
105,113


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £14,416 (2023: £13,423). Contributions totalling £1,378 (2023: £1,071) were payable to the fund at the Balance Sheet date and are included in creditors.

 
Page 7