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Registered Number: 09804411
England and Wales

 

 

 

BETTER NETWORKS UK LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 November 2023

End date: 31 October 2024
Director Karl Roger Blackmore-Squires
Registered Number 09804411
Registered Office 65 Peach Street
Wokingham
Berkshire
RG40 1XP
1
Director's report and financial statements
The director presents his annual report and the financial statements for the year ended 31 October 2024.
Principal activities
Principal activity of the company during the financial year was of IT consultancy.
Director
The director who served the company throughout the year was as follows:
Karl Roger Blackmore-Squires

On behalf of the board.


----------------------------------
Karl Roger Blackmore-Squires
Director

Date approved: 03 April 2025
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 450    329 
450    329 
Current assets      
Debtors 4 10,622    10,327 
Cash at bank and in hand 6,303    18,614 
16,925    28,941 
Creditors: amount falling due within one year 5 (12,905)   (16,459)
Net current assets 4,020    12,482 
 
Total assets less current liabilities 4,470    12,811 
Net assets 4,470    12,811 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 4,370    12,711 
Shareholders' funds 4,470    12,811 
 


For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 03 April 2025 and were signed by:


-------------------------------
Karl Roger Blackmore-Squires
Director
3
General Information
Better Networks UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 09804411, registration address 65 Peach Street, Wokingham, Berkshire, RG40 1XP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102.1A The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.

Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings 5 years Straight Line
Computer Equipment 3 years Straight Line
2.

Average number of employees


Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 November 2023 1,871    3,039    4,910 
Additions 236      236 
Disposals    
At 31 October 2024 2,107    3,039    5,146 
Depreciation
At 01 November 2023 1,542    3,039    4,581 
Charge for year 115      115 
On disposals    
At 31 October 2024 1,657    3,039    4,696 
Net book values
Closing balance as at 31 October 2024 450      450 
Opening balance as at 01 November 2023 329      329 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors   142 
Prepayments & Accrued Income 10,527    10,027 
Deferred Tax 95    158 
10,622    10,327 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Social Security and Other Tax 12,542    12,940 
Accrued Expenses 363    216 
Directors' Current Accounts   3,303 
12,905    16,459 

4