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REGISTERED NUMBER: 09002769 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Better Boards Limited

Better Boards Limited (Registered number: 09002769)






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


Better Boards Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Dr S Dembkowski





REGISTERED OFFICE: c/o Wilson Partners Limited,
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN





REGISTERED NUMBER: 09002769 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Better Boards Limited (Registered number: 09002769)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 217,281 172,886
Tangible assets 5 485 776
217,766 173,662

CURRENT ASSETS
Debtors 6 46,536 39,673
Cash at bank 79,566 128,724
126,102 168,397
CREDITORS
Amounts falling due within one year 7 (55,583 ) (38,131 )
NET CURRENT ASSETS 70,519 130,266
TOTAL ASSETS LESS CURRENT LIABILITIES 288,285 303,928

CREDITORS
Amounts falling due after more than one year 8 (37,445 ) (50,705 )

PROVISIONS FOR LIABILITIES (9,122 ) -
NET ASSETS 241,718 253,223

CAPITAL AND RESERVES
Called up share capital 109 118
Share premium 94,937 254,937
Capital redemption reserve 8 -
Retained earnings 146,664 (1,832 )
241,718 253,223

Better Boards Limited (Registered number: 09002769)

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 director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 December 2024 and were signed by:





Dr S Dembkowski - Director


Better Boards Limited (Registered number: 09002769)

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

1. STATUTORY INFORMATION

Better Boards 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.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

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 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.


Better Boards Limited (Registered number: 09002769)

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
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 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023 216,108
Additions 96,384
At 30 April 2024 312,492
AMORTISATION
At 1 May 2023 43,222
Charge for year 51,989
At 30 April 2024 95,211
NET BOOK VALUE
At 30 April 2024 217,281
At 30 April 2023 172,886

Better Boards Limited (Registered number: 09002769)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 7,141
DEPRECIATION
At 1 May 2023 6,365
Charge for year 291
At 30 April 2024 6,656
NET BOOK VALUE
At 30 April 2024 485
At 30 April 2023 776

Tangible fixed assets are included at cost less depreciation and impairment

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 44,169 18,383
Other debtors 2,367 21,290
46,536 39,673

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 13,261 12,113
Trade creditors 399 1,549
Taxation and social security 22,502 21,699
Other creditors 19,421 2,770
55,583 38,131

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 37,445 50,705

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£    £   
Within one year 626 -

10. RELATED PARTY DISCLOSURES

At year end, the company was owed £947 (30 April 2023: £868) by Better Boards GmbH, of which Dr S Dembkowski is a majority shareholder. In addition, sales of £80 were made to Better Boards GmbH in the same period.

Better Boards Limited (Registered number: 09002769)

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

11. POST BALANCE SHEET EVENTS

After the current year end, 1,666 Ordinary Shares of £0.001 nominal value each were purchased by the company for £5,900 of consideration.
After the current year end, 1,666 Ordinary Shares of £0.001 nominal value each and 1 Redeemable Share of £1 nominal value were cancelled by the company, with a total nominal value of £108

12. ULTIMATE CONTROLLING PARTY

The controlling party is Dr S Dembkowski.