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Registration number: 04353460

Christopher Betts Environmental Biology Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Christopher Betts Environmental Biology Limited

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

Christopher Betts Environmental Biology Limited

Company Information

Directors

Dr Chris C J Betts

Mrs N Loben

Mrs C P A Betts

Company secretary

Mrs C P A Betts

Registered office

Bank House
Great Witley Road
Martley
Worcs
WR6 6PB

Accountants

Ballards LLP
Chartered Accountants
Oakmoore Court
11C Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

Christopher Betts Environmental Biology Limited

Directors' Report for the Year Ended 31 March 2024

The directors present their report and the financial statements for the year ended 31 March 2024.

Directors of the company

The directors who held office during the year were as follows:

Dr Chris C J Betts

Mrs N Loben

Mrs C P A Betts - Company secretary and director

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 25 April 2025 and signed on its behalf by:

.........................................
Mrs C P A Betts
Company secretary and director

   
     
 

Christopher Betts Environmental Biology Limited

(Registration number: 04353460)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

243,113

228,071

Current assets

 

Debtors

6

29,541

110,273

Cash at bank and in hand

 

5,966

11,267

 

35,507

121,540

Creditors: Amounts falling due within one year

7

(117,157)

(228,905)

Net current liabilities

 

(81,650)

(107,365)

Total assets less current liabilities

 

161,463

120,706

Creditors: Amounts falling due after more than one year

7

(15,806)

(871)

Net assets

 

145,657

119,835

Capital and reserves

 

Called up share capital

2

2

Revaluation reserve

125,612

128,508

Retained earnings

20,043

(8,675)

Shareholders' funds

 

145,657

119,835

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 April 2025 and signed on its behalf by:
 

.........................................
Mrs C P A Betts
Company secretary and director

 

Christopher Betts Environmental Biology Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Bank House
Great Witley Road
Martley
Worcs
WR6 6PB

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Christopher Betts Environmental Biology Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

2% on cost

Plant and machinery

10% on reducing balance

Fixtures and fittings

25% on reducing balance

Motor vehicles

25% on reducing balance

Computer equipment

33.3% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Christopher Betts Environmental Biology Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2023 - 15).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

230,000

230,000

At 31 March 2024

230,000

230,000

Amortisation

At 1 April 2023

230,000

230,000

At 31 March 2024

230,000

230,000

Carrying amount

At 31 March 2024

-

-

 

Christopher Betts Environmental Biology Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

256,250

115,673

7,897

379,820

Additions

-

4,410

18,063

22,473

At 31 March 2024

256,250

120,083

25,960

402,293

Depreciation

At 1 April 2023

42,717

101,211

7,821

151,749

Charge for the year

5,125

2,287

19

7,431

At 31 March 2024

47,842

103,498

7,840

159,180

Carrying amount

At 31 March 2024

208,408

16,585

18,120

243,113

At 31 March 2023

213,533

14,462

76

228,071

Revaluation

The fair value of the company's Freehold Properties was revalued on 1 April 2015 . Upon transition to FRS102, the property's revalued amount is treated as deemed cost going forward and further revaluations will not be made.

Had this class of asset been measured on a historical cost basis, the carrying amount would have been £82,925 (2023 - £85,064).

 

Christopher Betts Environmental Biology Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

25,196

59,428

Other debtors

4,345

50,845

 

29,541

110,273

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

8

7,797

4,981

Trade creditors

 

25,232

26,769

Amounts owed to related parties

31,240

171,566

Taxation and social security

 

32,961

16,106

Other creditors

 

19,927

9,483

 

117,157

228,905

Due after one year

 

Loans and borrowings

8

15,806

871

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

-

871

Hire purchase contracts

15,806

-

15,806

871

Current loans and borrowings

2024
£

2023
£

Bank borrowings

1,063

4,981

Hire purchase contracts

6,734

-

7,797

4,981