Registered number
09500157
A Bettor Way Ltd
Filleted Accounts
31 March 2025
A Bettor Way Ltd
Registered number: 09500157
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 32,676 518
Current assets
Debtors 4 45,489 17,332
Investments held as current assets 5 50,970 47,500
Cash at bank and in hand 94,727 94,028
191,186 158,860
Creditors: amounts falling due within one year 6 (44,033) (7,886)
Net current assets 147,153 150,974
Total assets less current liabilities 179,829 151,492
Creditors: amounts falling due after more than one year 7 (29,874) -
Net assets 149,955 151,492
Capital and reserves
Called up share capital 10 10
Profit and loss account 149,945 151,482
Shareholders' funds 149,955 151,492
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Peter Sherman Cerian Sherman
Director Director
Approved by the board on 19 June 2025 Approved by the board on 19 June 2025
A Bettor Way Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
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
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment, fixtures and fittings over 3 years
Motor vehicles over 3 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Equipment, fixtures and fittings Motor vehicles Total
£ £ £
Cost
At 1 April 2024 4,274 - 4,274
Additions 349 48,605 48,954
At 31 March 2025 4,623 48,605 53,228
Depreciation
At 1 April 2024 3,756 - 3,756
Charge for the year 594 16,202 16,796
At 31 March 2025 4,350 16,202 20,552
Net book value
At 31 March 2025 273 32,403 32,676
At 31 March 2024 518 - 518
4 Debtors 2025 2024
£ £
Trade debtors 40,489 2,689
Other debtors 5,000 14,643
45,489 17,332
5 Investments held as current assets 2025 2024
£ £
Fair value
Unlisted investments 50,970 47,500
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Unlisted investments 3,470 -
6 Creditors: amounts falling due within one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 5,346 -
Taxation and social security costs 21,402 7,886
Other creditors 17,285 -
44,033 7,886
7 Creditors: amounts falling due after one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 29,215 -
Other creditors 659 -
29,874 -
8 Other information
A Bettor Way Ltd is a private company limited by shares and incorporated in England. Its registered office is:
311 Regents Park Road
London
N3 1DP
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