REGISTERED NUMBER: 07893180 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

C.C. BETTS & SON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss R Betts

REGISTERED OFFICE:

2-4 Ingate

Beccles

Suffolk

NR34 9RU

REGISTERED NUMBER:

07893180 (England and Wales)

ACCOUNTANTS:

Sexty & Co

Chartered Certified Accountants

124 Thorpe Road

Norwich

Norfolk

NR1 1RS

FIXED ASSETS

Intangible assets

4

40,250

46,000

Tangible assets

5

33,159

41,178

73,409

87,178

CURRENT ASSETS

Stocks

6

131,867

146,696

Debtors

7

26,668

30,269

Cash at bank and in hand

78,525

43,758

237,060

220,723

CREDITORS

Amounts falling due within one year

8

188,506

207,480

NET CURRENT ASSETS

48,554

13,243

TOTAL ASSETS LESS CURRENT LIABILITIES

121,963

100,421

PROVISIONS FOR LIABILITIES

6,000

7,000

NET ASSETS

115,963

93,421

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

115,863

93,321

SHAREHOLDERS' FUNDS

115,963

93,421

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

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

The director acknowledges her 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 3 September 2025 and were signed by:

Miss R Betts - Director

1.	STATUTORY INFORMATION

C.C. Betts & Son Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

The financial statements are presented in pounds sterling and are rounded to the nearest pound.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Plant and machinery - 15% on reducing balance

Fixture and fitting s - 10% on cost

Motor vehicles - 20% on reducing balance

Computer equipment - 20% on cost

Stocks

Stocks 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

115,000

AMORTISATION

At 1 January 2024

69,000

Charge for year

5,750

At 31 December 2024

74,750

NET BOOK VALUE

At 31 December 2024

40,250

At 31 December 2023

46,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

48,253

36,844

36,997

19,366

141,460

Additions

-

117

-

-

117

At 31 December 2024

48,253

36,961

36,997

19,366

141,577

DEPRECIATION

At 1 January 2024

34,415

26,167

20,334

19,366

100,282

Charge for year

2,076

2,727

3,333

-

8,136

At 31 December 2024

36,491

28,894

23,667

19,366

108,418

NET BOOK VALUE

At 31 December 2024

11,762

8,067

13,330

-

33,159

At 31 December 2023

13,838

10,677

16,663

-

41,178

6.

STOCKS

2024

2023

£

£

Stocks

131,867

146,696

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

25,746

29,416

Other debtors

922

853

26,668

30,269

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

23,555

13,594

Taxation and social security

17,103

18,163

Other creditors

147,848

175,723

188,506

207,480