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Registered number: 01927277 BETTAPARTS LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
BETTAPARTS LIMITED COMPANY INFORMATION
Directors | M Clegg
| T J Whewell
| A Pontalti
| A Incerti
| G Rigo Adami
Registered number | 01927277
Registered office | Unit 3 Redhouse Interchange
| Adwick-Le-Street
| Doncaster
| England
| DN6 7FB
Independent auditors | Sumer Auditco Limited
| Albert Works
| Sidney Street
| Sheffield
| S1 4RG
Accountants | Shorts Chartered Accountants
| 2 Ashgate Road
| Chesterfield
| Derbyshire
| S40 4AA
Bankers | HSBC Bank Plc
BETTAPARTS LIMITED CONTENTS
| Page
Directors' Report | 1 - 2
Independent Auditors' Report | 3 - 6
Statement of Profit or Loss and Other Comprehensive Income | 7
Statement of Financial Position | 8 - 9
Statement of Changes in Equity | 10
Statement of Cash Flows | 11
Notes to the Financial Statements | 12 - 31
BETTAPARTS LIMITED DIRECTORS' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The directors present their report and the financial statements for the year ended 31 December 2025.
Directors' responsibilities statement
The directors are responsible for preparing the Directors' Report and the financial statements, in accordance with applicable law. Company law requires the directors to prepare financial statements for each financial year. Under that law they have elected to prepare the financial statements in accordance with UK-adopted International Accounting Standards (UK-adopted IAS). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing the financial statements, the directors are required to: ∙select suitable accounting policies and then apply them consistently; ∙make judgements and estimates that are reasonable and prudent; ∙state whether they have been prepared in accordance with UK-adopted International Accounting Standards (UK-adopted IAS) , subject to any material departures disclosed and explained in the financial statements; ∙assess the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern; and ∙use the going concern basis of accounting unless they either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are responsible for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error, and have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Company and to prevent and detect fraud and other irregularities.
Principal activity
Enter the Company's principal activity here... Enter text here - user input
Results and dividends
The profit for the year, after taxation, amounted to £786,277 (2024 - £1,080,891).
Directors
The directors who served during the year were:
M Clegg
T J Whewell
A Pontalti
A Incerti
G Rigo Adami
Page 1
BETTAPARTS LIMITED DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
Disclosure of information to auditors
Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that: ∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and ∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.
Auditors
The auditors, Sumer Auditco Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006. This report was approved by the board on 10 June 2026 and signed on its behalf.
M Clegg Director
Page 2
BETTAPARTS LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BETTAPARTS LIMITED
Opinion
We have audited the financial statements of Bettaparts Limited for the year ended 31 December 2025 which comprise the Statement of Profit or Loss and Other Comprehensive Income, the Statement of Financial Position, the Statement of Cash Flows, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies set out on pages 15 - 17. The financial reporting framework that has been applied in their preparation is applicable law and UK-adopted International Accounting Standards (UK-adopted IAS). In our opinion the financial statements: ∙give a true and fair view of the state of the Company's affairs as at 31 December 2025 and of its profit for the year then ended; ∙have been properly prepared in accordance with UK-adopted International Accounting Standards (UK-adopted IAS) ; and ∙have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our evaluation of the directors' assessment of the Company's ability to continue to adopt the going concern basis of accounting included: Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. Page 3
BETTAPARTS LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BETTAPARTS LIMITED (CONTINUED)
Other information
The other information comprises the information included in the Annual Report, other than the financial statements and our auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit: ∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and ∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: ∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or ∙the financial statements are not in agreement with the accounting records and returns; or ∙certain disclosures of directors' remuneration specified by law are not made; or ∙we have not received all the information and explanations we require for our audit. Responsibilities of directors As explained more fully in the directors' responsibilities statement on page 1, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so. Page 4
BETTAPARTS LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BETTAPARTS LIMITED (CONTINUED) Auditors' responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Our approach to identifying and assessing the risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: ∙the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; ∙through discussions with the directors and other management and from our commercial knowledge and experience of the clients business, we identified the laws and regulations applicable to the Company; and ∙focusing on the specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the Company, we assessed the extent of compliance with those laws and regulations identified above through making enquiries of management and inspecting relevant correspondence. We assessed the susceptibility of the Company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: ∙making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and ∙considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulation. To address the risk of fraud through management bias and override of controls, we: ∙performed analytical procedures to identify any unusual or unexpected relationships; ∙reviewed journal entries to identify unusual transactions; ∙assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and ∙investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: ∙agreeing financial statement disclosures to underlying supporting documentation; ∙enquiring of management as to actual and potential litigation and claims; and ∙reviewing and correspondence with HMRC, relevant regulators and the Company’s legal advisors. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Page 5
BETTAPARTS LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BETTAPARTS LIMITED (CONTINUED) Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditors' report. Daniel Varley (Senior Statutory Auditor) for and on behalf of Sumer Auditco Limited Albert Works Sidney Street Sheffield S1 4RG 10 June 2026 Page 6
BETTAPARTS LIMITED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2025
|  |  |  | 2025 | 2024
|  |  | Note | £ | £
Revenue | 6 | 6,406,816 | 6,852,273
Cost of sales |  | (4,041,760) | (4,185,537)
Gross profit |  | 2,365,056 | 2,666,736
Administrative expenses |  | (915,054) | (788,938)
Distribution expenses |  | (332,678) | (402,684)
Profit from operations |  | 1,117,324 | 1,475,114
Finance expense |  | (68,224) | (19,364)
Profit before tax |  | 1,049,100 | 1,455,750
Tax expense | 10 | (262,823) | (374,858)
Profit for the year |  | 786,277 | 1,080,892
Total comprehensive income |  | 786,277 | 1,080,892
The notes on pages 15 to 31 form part of these financial statements.
Page 7
BETTAPARTS LIMITED REGISTERED NUMBER: 01927277 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025
| 2025 | 2024
Note | £ | £
Assets |  |
Non-current assets |  |  |
Property, plant and equipment | 11 | 317,576 | 419,870
Current assets |  |  |
Inventories | 12 | 1,738,443 | 1,941,044
Trade and other receivables | 13 | 1,024,481 | 1,691,799
Cash and cash equivalents | 22 | 1,447,470 | 146,884
|  | 4,210,394 | 3,779,727
Total assets |  | 4,527,970 | 4,199,597
Page 8
BETTAPARTS LIMITED REGISTERED NUMBER: 01927277 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 DECEMBER 2025
|  |  |  | 2025 | 2024
|  |  | Note | £ | £
Liabilities |  |
Non-current liabilities |  |  |
Loans and borrowings | 15 | 206,731 | 318,117
Deferred tax liability | 10 | 8,621 | 5,501
|  | 215,352 | 323,618
Current liabilities |  |  |
Trade and other liabilities | 14 | 1,191,623 | 1,547,380
Loans and borrowings | 15 | 111,385 | 105,266
|  | 1,303,008 | 1,652,646
Total liabilities |  | 1,518,360 | 1,976,264
Net assets |  | 3,009,610 | 2,223,333
Issued capital and reserves | 17 |  |
Share capital | 16 | 340 | 340
Share premium reserve |  | 18,076 | 18,076
Capital redemption reserve |  | 60 | 60
Retained earnings |  | 2,991,134 | 2,204,857
TOTAL EQUITY |  | 3,009,610 | 2,223,333
The financial statements on pages 7 to 31 were approved and authorised for issue by the board of directors on 10 June 2026 and were signed on its behalf by:
M Clegg | A Incerti
Director | Director
The notes on pages 15 to 31 form part of these financial statements. Page 9
BETTAPARTS LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2025
| Share capital | Share premium | Capital redemption reserve | Retained earnings | Total equity
| £ | £ | £ | £ | £
At 1 January 2024 | 340 | 18,076 | 60 | 1,123,966 | 1,142,442
Comprehensive income for the year |  |  |  |  |
Profit for the year | - | - | - | 1,080,892 | 1,080,892
Total comprehensive income for the year | - | - | - | 1,080,892 | 1,080,892
At 31 December 2024 | 340 | 18,076 | 60 | 2,204,858 | 2,223,334
At 1 January 2025 | 340 | 18,076 | 60 | 2,204,857 | 2,223,333
Comprehensive income for the year |  |  |  |  |
Profit for the year | - | - | - | 786,277 | 786,277
Total comprehensive income for the year | - | - | - | 786,277 | 786,277
At 31 December 2025 | 340 | 18,076 | 60 | 2,991,134 | 3,009,610
The notes on pages 15 to 31 form part of these financial statements.
Page 10
BETTAPARTS LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025
|  |  |  | 2025 | 2024
|  |  | Note | £ | £
Cash flows from operating activities |  |  |
Profit for the year |  | 786,277 | 1,080,892
Adjustments for |  |  |
Depreciation of property, plant and equipment | 11 | 116,546 | 93,168
Finance expense |  | 68,224 | 19,364
Income tax expense | 10 | 262,823 | 374,858
|  | 1,233,870 | 1,568,282
Movements in working capital: |  |  |
Decrease/(increase) in trade and other receivables |  | 720,963 | (568,635)
Decrease/(increase) in inventories |  | 202,601 | (1,154,839)
(Decrease)/increase in trade and other payables |  | (308,742) | 1,157,367
Cash generated from operations |  | 1,848,692 | 1,002,175
Income taxes paid |  | (360,363) | (494,145)
Net cash from operating activities |  | 1,488,329 | 508,030
Cash flows from investing activities |  |  |
Purchases of property, plant and equipment |  | (14,252) | (365,855)
Hire purchase interest |  | (1,280) | (640)
Net cash used in investing activities |  | (15,532) | (366,495)
Cash flows from financing activities |  |  |
Payments of finance lease creditors |  | (105,267) | 21,090
Interest paid |  | (66,944) | (18,724)
Net cash (used in)/from financing activities |  | (172,211) | 2,366
Net increase in cash and cash equivalents |  | 1,300,586 | 143,901
Cash and cash equivalents at the beginning of year |  | 146,884 | 2,983
Cash and cash equivalents at the end of the year | 22 | 1,447,470 | 146,884
The notes on pages 15 to 31 form part of these financial statements. Page 11
BETTAPARTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | Reporting entity
Bettaparts Limited is a private company, limited by shares, incorporated in England and Wales (registered number: 01927277). The registered office is Unit 3, Redhouse Interchange, Adwick-Le-Street, Doncaster, England, DN6 7FB. The Company's principal activity of the company throughout the year, continued to be that of sale of vehicle parts and spares.
2. | Basis of preparation
The financial statements have been prepared in accordance with International Financial Reporting Standards, International Accounting Standards and Interpretations as adopted by the UK-adopted International Accounting Standards (UK-adopted IAS). Details of the Company's accounting policies, including changes during the year, are included in note 5. In preparing these financial statements, management has made judgements, estimates and assumptions that affect the application of the Company accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively. The areas where judgements and estimates have been made in preparing the financial statements and their effects are disclosed in note 4.
| 2.1 Adoption of new and revised standards
In the current year, the following amendments have been made to IFRS Standards and Interpretations issued by the International Standards Board that are effective for an annual year that begins on or after 1 January 2025. Amendments to IFRS 18 - presentation and disclosure - improved comparability in the Statement of profit or loss Amendments to IFRS 19 - subsidiaries without public accountability: disclosures. These amendments have had no material impact on the disclosures or on the amounts reported in these financial statements. Certain new accounting standards and interpretations have been published that are not yet effective and have not been early adopted by the company. These standards are not expected to have a material impact on the company in the current or future reporting periods and on foreseeable future transactions. Page 12
BETTAPARTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Basis of preparation (continued)
| 2.2 Changes in accounting policies i) New standards, interpretations and amendments effective from 1 January 2025
The following tables summarise the impacts of adopting new accounting standards on the Company's financial statements.
| Statement of Financial Position (extract)
|  | 31 December 2024 As originally presented £ | IFRS 16 £ | 31 December 2024 As restated £
| Assets |  |  |
| Non-current assets |  |  |
| Property, plant and equipment | 44,346 | 375,524 | 419,870
|  | 44,346 | 375,524 | 419,870
| Current assets |  |  |
| Inventories | 1,941,044 | - | 1,941,044
| Trade and other receivables | 1,691,799 | - | 1,691,799
| Cash and cash equivalents | 146,884 | - | 146,884
|  | 3,779,727 | - | 3,779,727
| Total assets | 3,824,073 | 375,524 | 4,199,597
| Liabilities |  |  |
| Non-current liabilities |  |  |
| Loans and borrowings | (12,654) | (305,463) | (318,117)
|  | (12,654) | (305,463) | (318,117)
| Current liabilities |  |  |
| Trade and other liabilities | (1,547,380) | - | (1,547,380)
| Loans and borrowings | (8,436) | (96,830) | (105,266)
|  | (1,555,816) | (96,830) | (1,652,646)
Page 13
BETTAPARTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Basis of preparation (continued)
| 2.2 Changes in accounting policies (continued)
| i) New standards, interpretations and amendments effective from 1 January 2025 (continued)
| Statement of Financial Position (extract) (continued)
|  | 31 December 2024 As originally presented £ | IFRS 16 £ | 31 December 2024 As restated £
| Deferred tax | (5,501) | - | (5,501)
| Total liabilities | (1,573,971) | (402,293) | (1,976,264)
| NET ASSETS | 2,250,102 | (26,769) | 2,223,333
| Issued capital and reserves attributable to owners of the parent |  |  |
| Share capital | 340 | - | 340
| Share premium reserve | 18,076 | - | 18,076
| Capital redemption reserve | 60 | - | 60
| Retained earnings | 2,231,626 | (26,769) | 2,204,857
|  | 2,250,102 | (26,769) | 2,223,333
| TOTAL EQUITY | 2,250,102 | (26,769) | 2,223,333
3. | Functional and presentation currency
These financial statements are presented in pound sterling, which is the Company's functional currency. All amounts have been rounded to the nearest pound, unless otherwise indicated. Page 14
BETTAPARTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 4.Accounting policies
| 4.1 | Revenue
Revenue is measured based on the consideration specified in a contract with a customer and excludes amounts collected on behalf of third parties. The Company recognises revenue when it transfers control over a product or service to a customer. The Company does not expect to have any contracts where the period between the transfer of the promised goods or services to the customer and payment by the customer exceeds one year. As a consequence, the Company does not adjust any of the transaction prices for the time value of money.
| 4.2 | Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company opeates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that: The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
| 4.3 | Property, plant and equipment
Items of property, plant and equipment are measured at cost less accumulated depreciation and any accumulated impairment losses. If significant parts of an item of property, plant and equipment have different useful lives, then they are accounted for as separate items (major components) of property, plant and equipment. Any gain or loss on disposal of an item of property, plant and equipment is recognised in profit or loss. Subsequent expenditure is capitalised only if it is probable that the future economic benefits associated with the expenditure will flow to the Company. Depreciation is provided on all other items of property, plant and equipment so as to write off their carrying value over their expected useful economic lives. It is provided at the following rates:
|  | Long-term leasehold property | Over the term of the lease
|  | Plant and machinery | 15% reducing balance
|  | Office equipment | 15% reducing balance (computer equipment 25% straight line)
Page 15
BETTAPARTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 4.Accounting policies (continued)
| 4.4 | Inventories
Inventories are stated at the lower of cost and net realisable value. Costs of inventories are determined on a weighted average basis. Net realisable value represents the estimated selling price for inventories less all estimated costs of completion and costs necessary to make the sale. At each balance sheet date, inventories are assessed for impairment. If inventory is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 4.5 | Leases
Leases are classified as finance leases whenever the terms of the least transfer substantially all the risks and rewards of ownership of the leased assets to the company. All other leases are classified as operating leases. Leased Assets Rentals payable under the property lease are recorded in line with IFRS 16 Leases. All lease is defined as 'a contract, or part of a contract, that conveys the right-of-use assets (the underlying assets) for the a period of time in exchange for consideration'. To apply this definition the company assesses whether the contract meets three key evaluations which are whether: ∙The contract contains an identified asset, which is either explicitly identified in the contract or implicitly specified by being identified at the time the asset is made available to the company. ∙The company has the right to obtain substantially all of the economic benefits from use of the identified asset throughout the period of use, considering its rights within the defined scope of the contract. ∙The company has the right to direct the use of the identified asset throughout the period of use. The company assess whether it has the right to direct 'how and for what purpose' the asset is used throughout the period of use. At lease commencement date, the company recognises a right-of-use asset and a lease liability on the balance sheet. The right-of-use asset is measured at cost, which is made up of the initial measurement of the lease liability, any initial direct costs incurred by the company, an estimate of any costs to dismantle and remove the asset at the end of the lease, and any lease payments made in advance of the lease commencement date (net any incentives received). The company depreciates the right-of-use assets on a straight-line basis from the lease commencement date to the earlier of the end of the useful life of the right-of-use asset or the end of the lease term. The company also assesses the right-of-use assets for impairment when such indicators exist. At the commencement date, the company measures the lease liability at the present value of the lease payments unpaid at the date, discounted using the interest rate implicit in the lease if that is readily available or the company's incremental borrowing rate. Subsequent to initial measurement, the liability will be reduced for payments made and increased for interest. It is remeasured to reflect any reassessment or modification, or if there are changes in in substance fixed payments. Page 16
BETTAPARTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 4.Accounting policies (continued) The company has elected to account for short-term leases and leases of low-value assets using the practical expedients. Instead of recognising a right-of-use asset and lease liability, the payments in relation to these are recognised as an expense in profit or loss on a straight-line basis over the lease term. On the statement of financial position, right-of-use assets have been included in plant, property and equipment with further disclosure within the notes of the financial statements.
| 4.6 | Receivables
Short-term receivables are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 4.7 | Payables
Short-term payables are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 4.8 | Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost. Financial assets and liabilities are offset, and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
| 4.9 | Pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds. Page 17
BETTAPARTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Accounting estimates and judgements
| 5.1 Estimates and assumptions
Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include the carrying value of stocks and recoverability of debts. Although these estimates and associated assumptions are based on historical experience and management's best knowledge of current events and actions, the actual results may ultimately differ from those estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Inventories The company makes an estimate of the recoverable value of inventory of finished goods and goods for resale. When assessing impairment of inventory, management considers factors such as market conditions, aging profile of stock and historical experience. Impairment of receivables The company makes an estimate of the recoverable value of trade receivables. When assessing impairment of trade and other receivables, management considers factors including the current credit rating of the receivable, the aging profile of receivable and historical experience.
6. | Revenue
| The following is an analysis of the Company's revenue for the year from continuing operations:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Sale of goods | 6,406,816 | 6,852,273
| Analysis of revenue by country of destination:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| United Kingdom | 6,406,816 | 6,840,669
| Rest of Europe | - | 11,604
|  | 6,406,816 | 6,852,273
Page 18
BETTAPARTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
7. | Auditors' remuneration
| During the year, the Company obtained the following services from the Company's auditors:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Fees payable to the Company's auditors for the audit of the Company's financial statements | 17,000 | 16,250
8. | Employee benefit expenses
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Employee benefit expenses (including directors) comprise: |  |
| Wages and salaries | 428,381 | 360,347
| National insurance | 45,184 | 26,780
| Defined contribution pension cost | 8,514 | 7,211
|  | 482,079 | 394,338
| The monthly average number of persons, including the directors, employed by the Company during the year was as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | No. | No.
| Employees | 16 | 14
Page 19
BETTAPARTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
9. | Finance income and expense
| Recognised in profit or loss
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Finance expense |  |
| Bank interest payable | 41,886 | -
| Interest on lease liabilities | 22,020 | 18,724
| Other interest payable | 3,038 | -
| Hire purchase interest payable | 1,280 | 640
| Finance expense | 68,224 | 19,364
10. | Tax expense
| 10.1 Income tax recognised in profit or loss
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Current tax |  |
| Current tax on profits for the year | 259,703 | 367,014
| Deferred tax expense |  |
| Origination and reversal of timing differences | 3,120 | 7,844
|  | 262,823 | 374,858
Page 20
BETTAPARTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 10.Tax expense (continued)
| 10.1 Income tax recognised in profit or loss (continued)
| The reasons for the difference between the actual tax charge for the year and the standard rate of corporation tax in the United Kingdom applied to profits for the year are as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Profit for the year | 786,277 | 1,080,891
| Income tax expense (including income tax on associate, joint venture and discontinued operations) | 262,823 | 374,858
| Profit before income taxes | 1,049,100 | 1,455,749
| Tax using the Company's domestic tax rate of 25% (2024:25%) | 262,275 | 363,937
| Non-tax deductible amortisation of goodwill and impairment | 548 | 5,081
| Diffences arising from IFRS transitional adjustments | - | 5,840
| Total tax expense | 262,823 | 374,858
Changes in tax rates and factors affecting the future tax charges There were no factors that may affect future tax charges.
| 10.2 Current tax assets and liabilities
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Current tax assets |  |  |
| Corporation tax repayable |  | 53,646 | -
| Current tax liabilities |  |  |
| Corporation tax payable |  | - | 47,014
Page 21
BETTAPARTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 10.Tax expense (continued)
| 10.3 Deferred tax balances
| The following is the analysis of deferred tax assets/(liabilities) presented in the statement of financial position:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Deferred tax liabilities | (8,621) | (5,501)
|  |  | Opening balance | Recognised in profit or loss | Closing balance
|  |  | £ | £ | £
2025 |  |  |
| Property, plant and equipment | (9,412) | 235 | (9,177)
| Provisions | 166 | 390 | 556
| Doubtful debts | 3,745 | (3,745) | -
|  | (5,501) | (3,120) | (8,621)
2024 |  |  |
| Property, plant and equipment | (434) | (8,978) | (9,412)
| Provisions | - | 166 | 166
| Doubtful debts | 2,777 | 968 | 3,745
|  | 2,343 | (7,844) | (5,501)
Page 22
BETTAPARTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
11. | Property, plant and equipment
|  | Freehold property | Long-term leasehold property | Plant and machinery | Office equipment | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 January 2024 | 11,528 | 168,396 | 41,949 | 246,656 | 468,529
| Additions | - | 310,740 | 51,711 | 3,404 | 365,855
| At 31 December 2024 | 11,528 | 479,136 | 93,660 | 250,060 | 834,384
| Additions | - | - | 14,252 | - | 14,252
| At 31 December 2025 | 11,528 | 479,136 | 107,912 | 250,060 | 848,636
|  | Freehold property | Long-term leasehold property | Plant and machinery | Office equipment | Total
|  | £ | £ | £ | £ | £
| Accumulated depreciation and impairment |  |  |  |  |
| At 1 January 2024 | 11,528 | 30,619 | 39,834 | 239,366 | 321,347
| Charge owned for the year | - | - | 11,591 | 4,365 | 15,956
| Charged financed for the year | - | 72,993 | 4,218 | - | 77,211
| At 31 December 2024 | 11,528 | 103,612 | 55,643 | 243,731 | 414,514
| Charge owned for the year | - | - | 6,384 | 2,837 | 9,221
| Charged financed for the year | - | 98,889 | 8,436 | - | 107,325
| At 31 December 2025 | 11,528 | 202,501 | 70,463 | 246,568 | 531,060
| Net book value |  |  |  |  |
| At 1 January 2024 | - | 137,777 | 2,115 | 7,290 | 147,182
| At 31 December 2024 | - | 375,524 | 38,017 | 6,329 | 419,870
| At 31 December 2025 | - | 276,635 | 37,449 | 3,492 | 317,576
Page 23
BETTAPARTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 11.Property, plant and equipment (continued)
| 11.1. Right-of-use assets
| The net book value of owned and leased assets included as "Property, plant and equipment" in the Statement of Financial Position is as follows:
|  | 31 December 2025 | 31 December 2024
|  | £ | £
| Property, plant and equipment owned | 40,941 | 44,346
| Right-of-use assets, excluding investment property | 276,635 | 375,524
|  | 317,576 | 419,870
| Information about right-of-use assets is summarised below: Net book value
|  |  |  | 31 December 2025 | 31 December 2024
|  |  |  | £ | £
| Leasehold property | 276,635 | 375,524
| Depreciation charge for the year ended
|  |  |  | 31 December 2025 | 31 December 2024
|  |  |  | £ | £
| Leasehold property | 98,889 | 72,993
| Plant and machinery | 8,436 | 4,218
|  | 107,325 | 77,211
| Additions to right-of-use assets
|  |  |  | 31 December 2025 | 31 December 2024
|  |  |  | £ | £
| Additions to right-of-use assets | - | 310,740
Page 24
BETTAPARTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
12. | Inventories
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Raw materials and consumables | 1,738,443 | 1,941,044
13. | Trade and other receivables
|  | 2025 | 2024
|  | £ | £
| Trade receivables | 871,744 | 1,463,711
| Tax recoverable | 53,646 | -
| Other receivables | 99,091 | 228,088
| Total current portion | 1,024,481 | 1,691,799
14. | Trade and other payables
|  | 2025 | 2024
|  | £ | £
| Current |  |
| Trade payables | 482,389 | 391,096
| Payables to related parties | - | 394,977
| Other payables | 597,910 | 635,129
| Total financial liabilities, excluding loans and borrowings, classified as financial liabilities measured at amortised cost | 1,080,299 | 1,421,202
| Other payables - tax and social security payments | 111,324 | 126,178
| Total current trade and other payables | 1,191,623 | 1,547,380
Page 25
BETTAPARTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
15. | Loans and borrowings
|  | 2025 | 2024
|  | £ | £
| Non-current |  |
| Lease liabilities | 206,731 | 318,117
| Current |  |
| Lease liabilities | 111,385 | 105,266
| Total loans and borrowings | 318,116 | 423,383
16. | Share capital
| Authorised |
|  | 2025 | 2025 | 2024 | 2024
|  | Number | £ | Number | £
| Shares treated as equity |  |  |  |
| Ordinary A shares shares of £1.00 each | 44 | 44 | 44 | 44
| Ordinary B shares shares of £1.00 each | 296 | 296 | 296 | 296
|  | 340 | 340 | 340 | 340
| Issued and fully paid |
|  | 2025 | 2025 | 2024 | 2024
|  | Number | £ | Number | £
| Ordinary A shares shares of £1.00 each |  |  |  |
| At 1 January and 31 December | 44 | 44 | 44 | 44
|  | 2025 | 2025 | 2024 | 2024
|  | Number | £ | Number | £
| Ordinary B shares shares of £1.00 each |  |  |  |
| At 1 January and 31 December | 296 | 296 | 296 | 296
17. | Reserves
Share premium The share premium balance includes all excess amounts received by the Company over and above the par value of its issued shares net of any bonus share issues and share issue costs. Page 26
BETTAPARTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 17.Reserves (continued) Capital redemption reserve The capital redemption reserve balance includes the par value of equity instruments in the Company reacquired by the Company. Profit and loss account The profit and loss account balance includes all current earnings. Page 27
BETTAPARTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
18. | Leases
Lease liabilities are as follows:
|  |  | 2025 | 2024
|  |  | £ | £
| Total Amounts |  |  |
| Within one year |  | 102,949 | 96,830
| Between 1-5 years |  | 202,513 | 305,463
| Gross obligations repayable |  | 305,462 | 402,293
|  |  | 2025 | 2024
|  |  | £ | £
| Interest element of amounts payable |  |  |
| Within one year |  | 15,901 | 22,020
| Between 1-5 years |  | 14,291 | 30,191
| Finance charges repayable |  | 30,192 | 52,211
|  |  | 2025 | 2024
|  |  | £ | £
| Net amounts payable |  |  |
| Within one year |  | 87,048 | 74,810
| Between 1-5 years |  | 188,222 | 275,272
| Net Obligations repayable |  | 275,270 | 350,082
Page 28
BETTAPARTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
| 19. | Financial instruments - fair values and risk management
|  | 19.1 Accounting classifications and fair values
|  | The following table shows the carrying amounts and fair values of financial assets and financial liabilities. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.
|  |  |  | Carrying amount
|  | 31 December 2025 | Note | Amortised cost | Total
|  |  |  | £ | £
| Financial assets measured at fair value |  |  |
| Cash at hand and at bank |  | 1,447,470 | 1,447,470
|  |  | 1,447,470 | 1,447,470
| Financial assets not measured at fair value |  |  |
| Trade and other receivables | 13 | 970,835 | 970,835
|  |  | 970,835 | 970,835
| Financial liabilities not measured at fair value |  |  |
| Trade and other payables | 14 | 1,191,623 | 1,191,623
| Financial lease liabilities | 14 | 318,116 | 318,116
|  |  | 1,509,739 | 1,509,739
Page 29
BETTAPARTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 19.Financial instruments - fair values and risk management (continued)
| 19.1 Accounting classifications and fair values (continued)
|  |  |  | Carrying amount
|  | 31 December 2024 | Note | Amortised cost | Total
|  |  |  | £ | £
| Financial assets measured at fair value |  |  |
| Cash at hand and at bank |  | 146,884 | 146,884
|  |  | 146,884 | 146,884
| Financial assets not measured at fair value |  |  |
| Trade and other receivables | 13 | 1,691,799 | 1,691,799
|  |  | 1,691,799 | 1,691,799
| Financial liabilities not measured at fair value |  |  |
| Trade and other payables | 14 | 1,547,380 | 1,547,380
| Financial lease liabilities | 14 | 423,383 | 423,383
|  |  | 1,970,763 | 1,970,763
Page 30
BETTAPARTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
20. | Related party transactions
Details of transactions between the Company and its related parties are disclosed below.
| 20.1 Trading transactions
| During the year, the Company entered into the following trading transactions with related parties:
|  | Sales of goods | Purchases of goods
|  | 2025 | 2025
|  | £ | £
| Juratek Limited | 71,932 | 48,026
| Randoncorp | - | 63,272
|  | 71,932 | 111,298
21. | Controlling party
The immediate controlling party is AML Juratek Limited, a company registered in England and Wales. The ultimate controlling party is Fras-Le, Avenida Rubem Bento Alves, No. 1469, Room 6, Bairro Interlagos. The company, being a member of a group which prepares consolidated financial statements. The consolidated financial statements in which this company's accounts are included are those of Fras-Le, a company incorporated in Brazil, and they may be obtained from its registered office at Avenida Rubem Bento Alves, No 1469, Room 6, Bairro Interlagos.
22. | Notes supporting statement of cash flows
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank available on demand | (1,447,470) | (146,884)
| Cash and cash equivalents in the statement of financial position | 1,447,470 | 146,884
| Cash and cash equivalents in the statement of cash flows | (1,447,470) | (146,884)
Page 31