Company Registration No. 12358182 (England and Wales)
Better Security Ltd
Unaudited accounts
for the period from 11 December 2019 to 31 December 2020
Better Security Ltd
Unaudited accounts
Contents
Better Security Ltd
Company Information
for the period from 11 December 2019 to 31 December 2020
Company Number
12358182 (England and Wales)
Registered Office
28 Cornwall Street
Cottingham
East Yorkshire
HU16 4NB
England
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Better Security Ltd
Statement of financial position
as at
31 December 2020
Cash at bank and in hand
1,781
Creditors: amounts falling due within one year
(10,464)
Net current liabilities
(8,505)
Called up share capital
1
Profit and loss account
94
For the period ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 August 2021 and were signed on its behalf by
Mr R Lewis
Director
Company Registration No. 12358182
Better Security Ltd
Notes to the Accounts
for the period from 11 December 2019 to 31 December 2020
Better Security Ltd is a private company, limited by shares, registered in England and Wales, registration number 12358182. The registered office is 28 Cornwall Street, Cottingham, East Yorkshire, HU16 4NB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% on Cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Better Security Ltd
Notes to the Accounts
for the period from 11 December 2019 to 31 December 2020
4
Intangible fixed assets
Goodwill
At 31 December 2020
10,000
Charge for the period
2,000
At 31 December 2020
2,000
At 31 December 2020
8,000
5
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
Charge for the period
200
6
Debtors: amounts falling due within one year
2020
Accrued income and prepayments
178
7
Creditors: amounts falling due within one year
2020
Taxes and social security
1,011
Loans from directors
9,453
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
Shares issued during the period:
1 Ordinary shares of £1 each
1
Better Security Ltd
Notes to the Accounts
for the period from 11 December 2019 to 31 December 2020
9
Average number of employees
During the period the average number of employees was 2.