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REGISTERED NUMBER: SC350113 (Scotland)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2011

FOR

A BETTER LET LTD

A BETTER LET LTD (REGISTERED NUMBER: SC350113)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2011




Page

Company Information 1

Report of the Director 2

Profit and Loss Account 3

Balance Sheet 4

Notes to the Financial Statements 5


A BETTER LET LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2011







DIRECTOR: M Park



REGISTERED OFFICE: 38 Hill Street
Chapelhall
Airdrie
ML6 8TN



REGISTERED NUMBER: SC350113 (Scotland)



ACCOUNTANTS: Benson Wood & Co.
20 Anderson Street
Airdrie
Lanarkshire
ML6 0AA



BANKERS: Royal Bank of Scotland
80 Main Street
Coatbridge
ML5 3DZ

A BETTER LET LTD (REGISTERED NUMBER: SC350113)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 OCTOBER 2011

The director presents his report with the financial statements of the company for the year ended 31 October 2011.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of property management company.

DIRECTOR
M Park held office during the whole of the period from 1 November 2010 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating
to small companies.

ON BEHALF OF THE BOARD:





M Park - Director


28 September 2012

A BETTER LET LTD (REGISTERED NUMBER: SC350113)

PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 OCTOBER 2011

2011 2010
Notes £    £   

TURNOVER 70,872 67,250

Cost of sales 34,848 32,351
GROSS PROFIT 36,024 34,899

Administrative expenses 10,859 10,271
OPERATING PROFIT and
PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION 2 25,165 24,628

Tax on profit on ordinary activities 3 5,191 5,172
PROFIT FOR THE FINANCIAL YEAR 19,974 19,456

A BETTER LET LTD (REGISTERED NUMBER: SC350113)

BALANCE SHEET
31 OCTOBER 2011

2011 2010
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,998 5,331

CURRENT ASSETS
Cash at bank 5,623 2,349

CREDITORS
Amounts falling due within one year 6 6,391 5,005
NET CURRENT LIABILITIES (768 ) (2,656 )
TOTAL ASSETS LESS CURRENT
LIABILITIES 3,230 2,675

PROVISIONS FOR LIABILITIES 7 800 1,119
NET ASSETS 2,430 1,556

CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and loss account 9 2,330 1,456
SHAREHOLDERS' FUNDS 2,430 1,556

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2011.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2011 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).


The financial statements were approved by the director on 28 September 2012 and were signed by:





M Park - Director


A BETTER LET LTD (REGISTERED NUMBER: SC350113)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2011

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the going concern basis which assumes that the company will
continue in operational existence in the foreseeable future. The validity of this assumption depends on the
continued support of creditors and director. The director believe that it is appropriate for the going concern basis
to be used.

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

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

Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. OPERATING PROFIT

The operating profit is stated after charging:

2011 2010
£    £   
Depreciation - owned assets 1,333 1,776

Director's remuneration and other benefits etc 5,720 5,460

3. TAXATION

Analysis of the tax charge
The tax charge on the profit on ordinary activities for the year was as follows:
2011 2010
£    £   
Current tax:
UK corporation tax 5,510 4,053

Deferred tax (319 ) 1,119
Tax on profit on ordinary activities 5,191 5,172

UK corporation tax has been charged at 20.40% (2010 - 21%).

A BETTER LET LTD (REGISTERED NUMBER: SC350113)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2011

4. DIVIDENDS
2011 2010
£    £   
Ordinary shares of £1 each
Interim 19,100 18,000

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2010
and 31 October 2011 6,698 409 7,107
DEPRECIATION
At 1 November 2010 1,674 102 1,776
Charge for year 1,256 77 1,333
At 31 October 2011 2,930 179 3,109
NET BOOK VALUE
At 31 October 2011 3,768 230 3,998
At 31 October 2010 5,024 307 5,331

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2011 2010
£    £   
Trade creditors 1 -
Tax 5,510 4,053
Directors' current accounts 60 2
Accrued expenses 820 950
6,391 5,005

7. PROVISIONS FOR LIABILITIES
2011 2010
£    £   
Deferred tax 800 1,119

Deferred
tax
£   
Balance at 1 November 2010 1,119
Transferred to profit and loss
account (319 )
Balance at 31 October 2011 800

The deferred tax provision relates to capital allowances in advance of depreciation.

A BETTER LET LTD (REGISTERED NUMBER: SC350113)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2011

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2011 2010
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Profit
and loss
account
£   

At 1 November 2010 1,456
Profit for the year 19,974
Dividends (19,100 )
At 31 October 2011 2,330


10. RELATED PARTY DISCLOSURES

Dividend totalling £19,100 was paid to Director during the year.