REGISTERED NUMBER: 02687617 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

BETACOVE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N A Brown

R W Olsen

E E Pope

REGISTERED OFFICE:

Unit J2 Knights Park

Knight Road

Strood

Rochester

Kent

ME2 2LS

REGISTERED NUMBER:

02687617 (England and Wales)

ACCOUNTANTS:

Friend & Grant Ltd

Bryant House

Bryant Road

Strood

Rochester

Kent

ME2 3EW

FIXED ASSETS

Tangible assets

5

204,431

238,318

CURRENT ASSETS

Stocks

411,940

376,095

Debtors

6

1,334,725

1,505,315

Cash at bank and in hand

1,728,829

1,892,517

3,475,494

3,773,927

CREDITORS

Amounts falling due within one year

7

1,225,988

1,094,007

NET CURRENT ASSETS

2,249,506

2,679,920

TOTAL ASSETS LESS CURRENT LIABILITIES

2,453,937

2,918,238

CREDITORS

Amounts falling due after more than one year

8

(9,418

)

(20,719

)

PROVISIONS FOR LIABILITIES

(34,745

)

(39,986

)

NET ASSETS

2,409,774

2,857,533

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,409,674

2,857,433

SHAREHOLDERS' FUNDS

2,409,774

2,857,533

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 8 October 2025 and were signed on its behalf by:

E E Pope - Director

1.	STATUTORY INFORMATION

Betacove 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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 presentation and disclosure requirements of Section 1A applicable to small companies, and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Revenue

Revenue is measured as the fair value of the consideration received or receivable from the sale of goods or exchange of services, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

The percentage of completion method is used to calculate the revenue recognised at the period end.

Revenue from the rendering of services is recognised when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the economic benefits associated with the transaction will flow to the entity;

- the stage of completion of the transaction at the end of the reporting period can be measured reliably; and

- the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

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.

Short leasehold

-

straight line over lease term

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.

Hire purchase and leasing commitments

Assets held under finance lease and hire purchase contracts are capitalised in the balance sheet and depreciated over their expected useful lives. The interest element of the leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease.

All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

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.

Employee benefits

The company recognises a provision for annual leave accrued by employees as a result of services rendered in current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2024 - 53 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 July 2024

162,166

98,493

16,136

96,427

373,222

Additions

-

16,516

-

7,816

24,332

Disposals

-

(3,506

)

-

(432

)

(3,938

)

At 30 June 2025

162,166

111,503

16,136

103,811

393,616

DEPRECIATION

At 1 July 2024

16,217

34,550

6,946

77,191

134,904

Charge for year

16,217

22,804

2,298

15,354

56,673

Eliminated on disposal

-

(2,019

)

-

(373

)

(2,392

)

At 30 June 2025

32,434

55,335

9,244

92,172

189,185

NET BOOK VALUE

At 30 June 2025

129,732

56,168

6,892

11,639

204,431

At 30 June 2024

145,949

63,943

9,190

19,236

238,318

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and

machinery

£

COST

At 1 July 2024

and 30 June 2025

34,846

DEPRECIATION

At 1 July 2024

1,884

Charge for year

11,301

At 30 June 2025

13,185

NET BOOK VALUE

At 30 June 2025

21,661

At 30 June 2024

32,962

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,095,994

1,336,816

Other debtors

238,731

168,499

1,334,725

1,505,315

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Finance leases

11,301

11,302

Trade creditors

280,062

221,246

Amounts owed to group undertakings

-

192

Taxation and social security

709,924

603,605

Other creditors

224,701

257,662

1,225,988

1,094,007

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Finance leases

9,418

20,719

9.	COMMITMENTS, GUARANTEES AND CONTINGENCIES

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £822,188 (2024 - £905,617).

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party at the balance sheet date is Betacove Group Limited.