Accounts filed on 30-09-2014
Accounts filed on 30-09-2014
trueR Betts Construction Limited011135852014-09-306837457339836838457340831001006838457340831054338526943887379356387777130404321066981631070883141120336994479759870093961360555611248955561124895Basis of accounting
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).
Related parties transactions
The company is a 100% owned subsidiary of R Betts Holding Ltd. Accordingly, the company has taken advantage of the exemption in FRS 8 from disclosing transactions with members or investees of R Betts Holding Limited.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Pension costs
The company operates a defined contributions pension scheme. Contributions payable to this scheme
are charged to the profit and loss account so as to spread the cost of the pension over the
employee's expected working life. These contributions are invested separately from the company's
assets.
The number of directors for whom retirement benefits are accruing under money purchase pension
schemes amounted to 4 (2013-5)
Deferred taxation
Deferred taxation is provided where there is a reasonable probability of the amount becoming payable
in the foreseeable future.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.EMPLOYEE BENEFIT TRUSTS
The company has created a trust whose beneficiaries will include employees of the company and their dependants. Assets held under this trust will be controlled by trustees who will be acting independently and entirely at their own discretion.
Where assets are held in the trust and these are considered by the company to be in respect of services already provided by employees to the company, the company will account for these as assets of the trust when payment is made to the trust. The value transferred will be charged in the company's profit and loss account for the year to which it relates.Plant & Machineryreducing balance0.2500Fixtures & Fittingsreducing balance0.2500Motor Vehiclesat directors valuation0.000025871921755452370-1120520310819265920554-1010525871921755452370-11205203108192659-1010520554Ordinary1001100100Ordinary1100100100Balance sheet Spare note 20 (user defined)ULTIMATE PARENT UNDERTAKING
The ultimate parent undertaking of this company is R Betts Holdings Limited,
which is registered in England and Wales.
2015-03-31Mr T J BettsMrs J BettsDirectortruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureR Betts Construction Limited2013-10-012014-09-30R Betts Construction Limited2012-10-012013-09-30R Betts Construction Limited2012-09-30R Betts Construction Limited2013-09-30R Betts Construction Limited2013-09-30R Betts Construction Limited2014-09-30 2015-04-01
