Company registration number 04665907 (England and Wales)
BETTS ASSOCIATES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
BETTS ASSOCIATES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
BETTS ASSOCIATES LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
16,223
16,540
Current assets
Stocks
5
39,500
32,700
Debtors
6
797,620
582,373
Cash at bank and in hand
932
19,669
838,052
634,742
Creditors: amounts falling due within one year
7
(491,913)
(383,109)
Net current assets
346,139
251,633
Total assets less current liabilities
362,362
268,173
Creditors: amounts falling due after more than one year
8
(8,333)
(58,333)
Provisions for liabilities
(3,887)
(3,929)
Net assets
350,142
205,911
Capital and reserves
Called up share capital
9
190
190
Profit and loss reserves
349,952
205,721
Total equity
350,142
205,911

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

BETTS ASSOCIATES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 13 October 2025 and are signed on its behalf by:
Mr R M Frimston
Mr R V Ankers
Director
Director
Company Registration No. 04665907
BETTS ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Betts Associates Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6-7 Old Marsh Farm Barns, Welsh Road, Sealand, Deeside, Flintshire, CH5 2LY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

The turnover shown in the profit and loss account represents the invoice value of services provided during the period, net of value added tax.

Turnover is recognised at the time work is completed and includes unbilled work in progress at the balance sheet date.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
20% per annum on reducing balance
Computer equipment
33% per annum on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Work in progress

Work in progress is valued on the basis of direct cost plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate.

BETTS ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
28
30
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
78,000
Amortisation and impairment
At 1 April 2024 and 31 March 2025
78,000
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
BETTS ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
4
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 April 2024
45,015
129,964
174,979
Additions
441
10,310
10,751
At 31 March 2025
45,456
140,274
185,730
Depreciation and impairment
At 1 April 2024
36,260
122,179
158,439
Depreciation charged in the year
1,839
9,229
11,068
At 31 March 2025
38,099
131,408
169,507
Carrying amount
At 31 March 2025
7,357
8,866
16,223
At 31 March 2024
8,755
7,785
16,540
5
Stocks
2025
2024
£
£
Work in progress
39,500
32,700
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
408,448
326,803
Amounts due from related companies
216,958
234,542
Other debtors
135,226
945
Prepayments and accrued income
36,988
20,083
797,620
582,373
BETTS ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
126,106
108,932
Trade creditors
46,776
35,016
Amounts due to related companies
95,862
10,722
Other taxation and social security
181,748
133,289
Other creditors
41,421
95,150
491,913
383,109
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
8,333
58,333
9
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
90 Ordinary shares of £1 each
90
90
90 Ordinary A shares of £1 each
90
90
10 Ordinary B shares of £1 each
10
10
190
190
10
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Within one year
33,577
46,431
Between two and five years
43,382
18,266
In over five years
-
0
-
0
76,959
64,697
11
Parent company

The company is under the control of Betts Frimston Limited which purchased all of the issued share capital on 31 March 2010. The registered office is 6-7 Old Marsh Farm Barns, Welsh Road, Sealand, Deeside, Flintshire, CH5 2LY. Betts Frimston Limited is under the control of Mr R M Frimston.

BETTS ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
12
Related Party Transactions

During the year, expenses totalling £720 (2024 - £720) were paid on behalf of Betts Frimston Limited and dividend payments totalling £NIL (2024 - £233,333) were made to the shareholders of Betts Frimston Limited. A dividend of £718 (2024 - £234,053) was paid to Betts Frimston Limited during the year. At 31 March 2025 debtors included £216,960 (2024 - £216,958) due from Betts Frimston Limited. No interest is charged on this balance.

Mr R F Frimston, Mr R V Ankers and Mrs A J Jackson are also directors of Betts Frimston Limited.

During the year, management and administration charges of £44,552 (2024 - £40,266) were charged to Betts Geo Environmental Limited, a company operating from the same premises with shareholders in common. At 31 March 202 5 creditors included £85,943 (202 4 - £10,722) due to Betts Geo Environmental Limited.

Mr R M Frimston is also a director of Betts Geo Environmental Limited.

During the year, management and administration charges of £38,854 (2024 - £34,556) were charged to Betts Hydro Limited, a company operating from the same premises. Sales for work undertaken for Betts Hydro Limited totalled £NIL (2024 - £2,500). At 31 March 2025 creditors included £9,919 (2024 - £17,584 debtor) due to Betts Hydro Limited.

Mr R F Frimston, Mr R V Ankers and Mrs A J Jackson are also directors of Betts Hydro Limited.

2025-03-31 2024-04-01 false false false 13 October 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mrs A J Jackson Mr R M Frimston Mr R V Ankers Ms L C Morris Mr R D Nicholas Ms L C Morris 04665907 2024-04-01 2025-03-31 04665907 2025-03-31 04665907 2024-03-31 04665907 core:FurnitureFittings 2025-03-31 04665907 core:ComputerEquipment 2025-03-31 04665907 core:FurnitureFittings 2024-03-31 04665907 core:ComputerEquipment 2024-03-31 04665907 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 04665907 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04665907 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 04665907 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 04665907 core:CurrentFinancialInstruments 2025-03-31 04665907 core:CurrentFinancialInstruments 2024-03-31 04665907 core:ShareCapital 2025-03-31 04665907 core:ShareCapital 2024-03-31 04665907 core:RetainedEarningsAccumulatedLosses 2025-03-31 04665907 core:RetainedEarningsAccumulatedLosses 2024-03-31 04665907 bus:Director2 2024-04-01 2025-03-31 04665907 bus:Director3 2024-04-01 2025-03-31 04665907 core:Goodwill 2024-04-01 2025-03-31 04665907 core:FurnitureFittings 2024-04-01 2025-03-31 04665907 core:ComputerEquipment 2024-04-01 2025-03-31 04665907 2023-04-01 2024-03-31 04665907 core:NetGoodwill 2024-03-31 04665907 core:NetGoodwill 2025-03-31 04665907 core:NetGoodwill 2024-03-31 04665907 core:FurnitureFittings 2024-03-31 04665907 core:ComputerEquipment 2024-03-31 04665907 2024-03-31 04665907 core:Non-currentFinancialInstruments 2025-03-31 04665907 core:Non-currentFinancialInstruments 2024-03-31 04665907 core:WithinOneYear 2025-03-31 04665907 core:WithinOneYear 2024-03-31 04665907 core:BetweenTwoFiveYears 2025-03-31 04665907 core:BetweenTwoFiveYears 2024-03-31 04665907 core:MoreThanFiveYears 2025-03-31 04665907 core:MoreThanFiveYears 2024-03-31 04665907 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04665907 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04665907 bus:FRS102 2024-04-01 2025-03-31 04665907 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04665907 bus:Director1 2024-04-01 2025-03-31 04665907 bus:Director4 2024-04-01 2025-03-31 04665907 bus:Director5 2024-04-01 2025-03-31 04665907 bus:CompanySecretary1 2024-04-01 2025-03-31 04665907 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP