Registration number:
Neil Betteridge Associates Limited
for the Year Ended 30 November 2019
102 Fulham Palace Road
London
W6 9PL
Neil Betteridge Associates Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Neil Betteridge Associates Limited
Company Information
Directors |
Mrs Kate Betteridge Mr Neil John Betteridge |
Registered office |
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Accountants |
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Page 1 |
Neil Betteridge Associates Limited
(Registration number: 07840511)
Balance Sheet as at 30 November 2019
Note |
2019 |
2018 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
2 |
2 |
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Profit and loss account |
42,747 |
23,319 |
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Total equity |
42,749 |
23,321 |
For the financial year ending 30 November 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Director
Page 2 |
Neil Betteridge Associates Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2019
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
England
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Judgements
The directors consider that there are no key judgements that management have made in the process of applying the company’s accounting policies and that may have had a significant effect on the amounts recognised in the financial statements. |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the rovision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Page 3 |
Neil Betteridge Associates Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2019
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Office equipment |
Straight line method based on expected useful life |
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Financial instruments
Classification
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 cash consolidation expected to be paid or received.
Page 4 |
Neil Betteridge Associates Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2019
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Page 5 |
Neil Betteridge Associates Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2019
Tangible assets |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 December 2018 |
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At 30 November 2019 |
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Depreciation |
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At 1 December 2018 |
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Charge for the year |
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At 30 November 2019 |
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Carrying amount |
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At 30 November 2019 |
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At 30 November 2018 |
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Debtors |
2019 |
2018 |
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Trade debtors |
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- |
Other debtors |
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Creditors |
Creditors: amounts falling due within one year
Page 6 |
Neil Betteridge Associates Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2019
2019 |
2018 |
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Due within one year |
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Trade creditors |
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- |
Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Page 7 |
Neil Betteridge Associates Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2019
Share capital |
Allotted, called up and fully paid shares
2019 |
2018 |
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No. |
£ |
No. |
£ |
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2 |
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2 |
Related party transactions |
Transactions with directors |
2019 |
At 1 December 2018 |
Advances to directors |
Repayments by director |
At 30 November 2019 |
Mr Neil John Betteridge |
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Amount owed to/(from) the Director |
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( |
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Mrs Kate Betteridge |
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Amount owed to/(from) the Director |
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( |
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2018 |
At 1 December 2017 |
Advances to directors |
Repayments by director |
At 30 November 2018 |
Mr Neil John Betteridge |
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Amount owed to/(from) the Director |
( |
( |
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Mrs Kate Betteridge |
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Amount owed to/(from) the Director |
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( |
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Page 8 |