BETS Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04893378 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 30 September 2014

for

Braille Examination Transcription

Service Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

6

Chartered Accountants' Report

7

DIRECTOR:

D R Turner

REGISTERED OFFICE:

Chesterfield Road

Swallownest

Sheffield

S26 4TL

REGISTERED NUMBER:

04893378 (England and Wales)

ACCOUNTANTS:

Martin Milner & Co

Chartered Accountants

Riverdale

89 Graham Road

Sheffield

South Yorkshire

S10 3GP

BANKERS:

Barclays Bank plc

Arena Square Corporate Banking Centre

2 Arena Court

Sheffield

S9 2WU

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

7,366

8,937

7,366

8,937

CURRENT ASSETS

Stocks

1,750

1,250

Debtors

10,713

26,363

Cash at bank

40,716

23,637

53,179

51,250

CREDITORS

Amounts falling due within one year

44,743

20,773

NET CURRENT ASSETS

8,436

30,477

TOTAL ASSETS LESS CURRENT LIABILITIES

15,802

39,414

PROVISIONS FOR LIABILITIES

1,323

1,540

NET ASSETS

14,479

37,874

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

14,379

37,774

SHAREHOLDERS' FUNDS

14,479

37,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 23 June 2015 and were signed by:

D R Turner - Director

1.	ACCOUNTING POLICIES

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 comprises revenue recognised by the company for services provided.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been

amortised over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over it's

estimated useful life:

Fixtures and Fittings

15% reducing balance

Computer Equipment

33% reducing balance

Motor Vehicles

25% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not

reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

200,000

AMORTISATION

At 1 October 2013

and 30 September 2014

200,000

NET BOOK VALUE

At 30 September 2014

-

At 30 September 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

24,205

Additions

552

Disposals

(159

)

At 30 September 2014

24,598

DEPRECIATION

At 1 October 2013

15,268

Charge for year

1,990

Eliminated on disposal

(26

)

At 30 September 2014

17,232

NET BOOK VALUE

At 30 September 2014

7,366

At 30 September 2013

8,937

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2014

and 30 September 2013:

2014

2013

£

£

D R Turner

Balance outstanding at start of year

1,506

1,371

Amounts advanced

6,500

20,573

Amounts repaid

(8,006

)

(20,438

)

Balance outstanding at end of year

-

1,506

C M Turner

Balance outstanding at start of year

1,506

1,371

Amounts advanced

6,500

20,573

Amounts repaid

(8,006

)

(20,438

)

Balance outstanding at end of year

-

1,506

No interest was charged on the above loans and there were no fixed terms of repayment.

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages two to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Braille Examination Transcription Service Limited for the year ended

30 September 2014 which comprise the Profit and Loss Account, the Balance Sheet, the Cash Flow

Statement and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Braille Examination Transcription Service Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Braille Examination Transcription Service Limited and state those matters that we have agreed to state to the director of Braille Examination Transcription Service Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Braille Examination Transcription Service Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Braille Examination Transcription Service Limited. You consider that Braille Examination Transcription Service Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Braille

Examination Transcription Service Limited. For this reason, we have not verified the accuracy or

completeness of the accounting records or information and explanations you have given to us and we do not,

therefore, express any opinion on the statutory financial statements.

Martin Milner & Co

Chartered Accountants

Riverdale

89 Graham Road

Sheffield

South Yorkshire

S10 3GP

23 June 2015