2023-10-012024-09-302024-09-30false11581737Nicholas Betancourt 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Nicholas Betancourt Ltd

Registered Number
11581737
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

Nicholas Betancourt Ltd
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

Maria Laura Garcia Betancourt
Nicholas Peter Spackman

Registered Address

16 Hazel Road
Mytchett
Camberley
GU16 6BB

Registered Number

11581737 (England and Wales)
Nicholas Betancourt Ltd
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets313,59712,632
13,59712,632
Current assets
Stocks4307,961323,843
Debtors90,317124,769
Cash at bank and on hand72,99951,301
471,277499,913
Creditors amounts falling due within one year5(363,409)(354,761)
Net current assets (liabilities)107,868145,152
Total assets less current liabilities121,465157,784
Creditors amounts falling due after one year6(119,897)(153,198)
Net assets1,5684,586
Capital and reserves
Called up share capital100100
Profit and loss account1,4684,486
Shareholders' funds1,5684,586
The financial statements were approved and authorised for issue by the Board of Directors on 19 June 2025, and are signed on its behalf by:
Maria Laura Garcia Betancourt
Director
Nicholas Peter Spackman
Director

Registered Company No. 11581737
Nicholas Betancourt Ltd
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 October 23-12,0002,35214,352
Additions5,224--5,224
At 30 September 245,22412,0002,35219,576
Depreciation and impairment
At 01 October 23-8009201,720
Charge for year1,2712,4005884,259
At 30 September 241,2713,2001,5085,979
Net book value
At 30 September 243,9538,80084413,597
At 30 September 23-11,2001,43212,632
4.Stocks

2024

2023

££
Other stocks307,961323,843
Total307,961323,843
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables26,06059,630
Bank borrowings and overdrafts269,956269,956
Taxation and social security42,921-
Finance lease and HP contracts23,24624,200
Other creditors250-
Accrued liabilities and deferred income976975
Total363,409354,761
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts109,170119,225
Other creditors10,72733,973
Total119,897153,198
7.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts10,72733,974
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Maria Laura Garcia Betancourt21,99252,45028,39546,047
Loan
21,99252,45028,39546,047
These amounts are subject to interest and repayable on demand.