Bethan Customs Consultancy Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC514258 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 August 2021

for

Bethan Customs Consultancy Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs N Alexander

REGISTERED OFFICE:

Suite D

Unit 6

Colpy Business Park

Oldmeldrum

Aberdeenshire

AB51 0FU

REGISTERED NUMBER:

SC514258 (Scotland)

ACCOUNTANTS:

SBP

Accountants

42 Queens Road

Aberdeen

AB15 4YE

FIXED ASSETS

Intangible assets

4

6,405

-

Tangible assets

5

16,298

3,986

22,703

3,986

CURRENT ASSETS

Debtors

6

67,625

68,617

Cash at bank

234,230

138,548

301,855

207,165

CREDITORS

Amounts falling due within one year

7

78,675

66,391

NET CURRENT ASSETS

223,180

140,774

TOTAL ASSETS LESS CURRENT LIABILITIES

245,883

144,760

PROVISIONS FOR LIABILITIES

4,314

757

NET ASSETS

241,569

144,003

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

241,559

143,993

SHAREHOLDERS' FUNDS

241,569

144,003

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 April 2022 and were signed by:

Mrs N Alexander - Director

1.	STATUTORY INFORMATION

Bethan Customs Consultancy Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2020 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

Additions

9,560

At 31 August 2021

9,560

AMORTISATION

Amortisation for year

3,155

At 31 August 2021

3,155

NET BOOK VALUE

At 31 August 2021

6,405

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 September 2020

-

3,796

7,839

11,635

Additions

10,379

2,419

5,646

18,444

At 31 August 2021

10,379

6,215

13,485

30,079

DEPRECIATION

At 1 September 2020

-

1,435

6,214

7,649

Charge for year

2,076

1,243

2,813

6,132

At 31 August 2021

2,076

2,678

9,027

13,781

NET BOOK VALUE

At 31 August 2021

8,303

3,537

4,458

16,298

At 31 August 2020

-

2,361

1,625

3,986

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.21

31.8.20

£

£

Trade debtors

64,580

63,522

Other debtors

3,045

5,095

67,625

68,617

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.21

31.8.20

£

£

Trade creditors

16,065

1,961

Taxation and social security

47,270

45,733

Other creditors

15,340

18,697

78,675

66,391

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 August 2021 and the period ended 31 August 2020:

31.8.21

31.8.20

£

£

Mrs N Alexander

Balance outstanding at start of year

(707

)

(71

)

Amounts advanced

2,525

1,091

Amounts repaid

(1,818

)

(1,727

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(707

)

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs N Alexander.