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REGISTERED NUMBER: 09730887 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

BETTABUYS HARDWARE LIMITED

BETTABUYS HARDWARE LIMITED (REGISTERED NUMBER: 09730887)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


BETTABUYS HARDWARE LIMITED (REGISTERED NUMBER: 09730887)

BALANCE SHEET
31 AUGUST 2024

31/8/24 31/8/23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 10,114 12,540

CURRENT ASSETS
Inventories 12,719 13,006
Debtors 5 2,485 275
Cash at bank and in hand 8,862 7,467
24,066 20,748
CREDITORS
Amounts falling due within one year 6 28,784 30,539
NET CURRENT LIABILITIES (4,718 ) (9,791 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,396

2,749

PROVISIONS FOR LIABILITIES 1,727 2,188
NET ASSETS 3,669 561

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings 3,659 551
SHAREHOLDERS' FUNDS 3,669 561

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 27 February 2025 and were signed by:



Mr P R Jones - Director


BETTABUYS HARDWARE LIMITED (REGISTERED NUMBER: 09730887)

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

1. STATUTORY INFORMATION

Bettabuys Hardware Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09730887

Registered office: 13-14 Geliwasted Road
Pontypridd
RCT
CF37 2BW

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
Revenue 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.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

BETTABUYS HARDWARE LIMITED (REGISTERED NUMBER: 09730887)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 24,588
DEPRECIATION
At 1 September 2023 12,048
Charge for year 2,426
At 31 August 2024 14,474
NET BOOK VALUE
At 31 August 2024 10,114
At 31 August 2023 12,540

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2023 18,588
Transfer to ownership (18,588 )
At 31 August 2024 -
DEPRECIATION
At 1 September 2023 4,275
Transfer to ownership (4,275 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 14,313

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Other debtors 2,485 275

BETTABUYS HARDWARE LIMITED (REGISTERED NUMBER: 09730887)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Hire purchase contracts - 3,404
Trade creditors 1,686 -
Taxation and social security 1,872 -
Other creditors 25,226 27,135
28,784 30,539

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31/8/24 31/8/23
value: £    £   
10 Share capital 1 1 10 10