REGISTERED NUMBER: |
REPORT OF THE DIRECTOR AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2011 |
FOR |
A BETTER LET LTD |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
BANKERS: |
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 |
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: |
A BETTER LET LTD (REGISTERED NUMBER: SC350113) |
PROFIT AND LOSS ACCOUNT |
FOR THE YEAR ENDED 31 OCTOBER 2011 |
2011 | 2010 |
Notes | £ | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
OPERATING PROFIT and |
PROFIT ON ORDINARY ACTIVITIES |
BEFORE TAXATION | 2 |
Tax on profit on ordinary activities | 3 |
PROFIT FOR THE FINANCIAL YEAR |
A BETTER LET LTD (REGISTERED NUMBER: SC350113) |
BALANCE SHEET |
31 OCTOBER 2011 |
2011 | 2010 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT |
LIABILITIES |
PROVISIONS FOR LIABILITIES | 7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Profit and loss account | 9 |
SHAREHOLDERS' FUNDS |
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 were approved by the director on |
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 |
Motor vehicles | - |
Computer equipment | - |
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 |
Director's remuneration and other benefits etc |
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 |
Deferred tax | ( |
) |
Tax on profit on ordinary activities |
UK corporation tax has been charged at |
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 |
DEPRECIATION |
At 1 November 2010 |
Charge for year |
At 31 October 2011 |
NET BOOK VALUE |
At 31 October 2011 |
At 31 October 2010 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2011 | 2010 |
£ | £ |
Trade creditors |
Tax |
Directors' current accounts | 60 | 2 |
Accrued expenses | 820 | 950 |
7. | PROVISIONS FOR LIABILITIES |
2011 | 2010 |
£ | £ |
Deferred tax |
Deferred |
tax |
£ |
Balance at 1 November 2010 |
Transferred to profit and loss |
account | (319 | ) |
Balance at 31 October 2011 |
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: | £ | £ |
Ordinary | £1 |
9. | RESERVES |
Profit |
and loss |
account |
£ |
At 1 November 2010 |
Profit for the year |
Dividends | ( |
) |
At 31 October 2011 |
10. | RELATED PARTY DISCLOSURES |
Dividend totalling £19,100 was paid to Director during the year. |