REGISTERED NUMBER: 07976671 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Beta North Limited

T/A

Evolve Fostering

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs Y Bartlett

D Bartlett

Mrs C V Wake

REGISTERED OFFICE:

The Old Exchange

Barnard Street

Darlington

Co. Durham

DL3 7DR

REGISTERED NUMBER:

07976671 (England and Wales)

ACCOUNTANTS:

SW Accountants & Business Advisors

73 Duke Street

Darlington

Co. Durham

DL3 7SD

FIXED ASSETS

Tangible assets

4

677,406

621,420

CURRENT ASSETS

Debtors

5

309,802

285,849

Cash at bank and in hand

283,528

350,436

593,330

636,285

CREDITORS

Amounts falling due within one year

6

116,731

205,363

NET CURRENT ASSETS

476,599

430,922

TOTAL ASSETS LESS CURRENT LIABILITIES

1,154,005

1,052,342

CAPITAL AND RESERVES

Called up share capital

14

14

Retained earnings

1,153,991

1,052,328

SHAREHOLDERS' FUNDS

1,154,005

1,052,342

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 2 May 2025 and were signed on its behalf by:

D Bartlett - Director

Mrs C V Wake - Director

Mrs Y Bartlett - Director

1.	STATUTORY INFORMATION

Beta North 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 NIL (2024 - 6 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

616,620

6,630

-

19,714

642,964

Additions

-

2,422

72,039

1,519

75,980

At 31 March 2025

616,620

9,052

72,039

21,233

718,944

DEPRECIATION

At 1 April 2024

-

4,050

-

17,494

21,544

Charge for year

-

750

18,010

1,234

19,994

At 31 March 2025

-

4,800

18,010

18,728

41,538

NET BOOK VALUE

At 31 March 2025

616,620

4,252

54,029

2,505

677,406

At 31 March 2024

616,620

2,580

-

2,220

621,420

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

125,259

138,289

Other debtors

102,781

90,068

Directors' current accounts

5,038

-

Prepayments and accrued income

76,724

57,492

309,802

285,849

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

4,193

3,248

Tax

84,688

160,347

Social security and other taxes

4,874

4,171

Pension

727

477

Directors' current accounts

-

17,768

Accruals and deferred income

10,800

10,800

Accrued expenses

11,449

8,552

116,731

205,363